Socially Responsible Investing Through Voluntary Codes

Harnessing Foreign Investment to Promote Environmental Protection: Incentives and Safeguards, pp. 383-414, Pierre-Marie Dupuy & Jorge E. Viñuales, eds., Cambridge University Press, 2013

Posted: 4 May 2013

Date Written: 2013

Abstract

This chapter assesses whether socially responsible investing (SRI) through voluntary codes of conduct can help promote sustainable development. The financial industry has drafted, sometimes in partnership with public agencies and other stakeholders, a wide range of codes of conduct in recent years, including the UN Principles for Responsible Investment and the Equator Principles. The chapter examines the design, goals and implementation of voluntary SRI codes, focusing on the important influence of their proponents. In reviewing how to improve such codes, the chapter recommends multi-stakeholder regimes that provide for on-going dialogue and learning among diverse parties.

Keywords: Socially responsible investing, voluntary codes, market governance, sustainable development

Suggested Citation

Richardson, Benjamin J., Socially Responsible Investing Through Voluntary Codes (2013). Harnessing Foreign Investment to Promote Environmental Protection: Incentives and Safeguards, pp. 383-414, Pierre-Marie Dupuy & Jorge E. Viñuales, eds., Cambridge University Press, 2013. Available at SSRN: https://ssrn.com/abstract=2256762

Benjamin J. Richardson (Contact Author)

University of Tasmania - Faculty of Law ( email )

Private Bag 89
Hobart, Tasmania 7001
Australia

HOME PAGE: http://www.utas.edu.au/law

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