Money, Millennials and Human Rights: Sustaining 'Sustainable Investing'

16 Pages Posted: 24 Jul 2018 Last revised: 12 Oct 2018

See all articles by John Gerard Ruggie

John Gerard Ruggie

Harvard University - Harvard Kennedy School (HKS)

Emily Middleton

Harvard University - Harvard Kennedy School (HKS)

Date Written: July 2, 2018

Abstract

ESG investing takes into account companies' environmental, social and governance performance. Also known as sustainable investing, it now accounts for some US $26 trillion, or more than one-quarter of all assets under professional management. Continued growth is is expected. However, one impediment is the mixed quality of information available to asset owners and asset managers. The S in ESG is by far the weakest link in the chain.The first part of this paper examines the rise and current state of ESG investing.The second addresses the conceptual and statistical weakness of the S domain. The third explains why and how drawing on internationally recognized human rights standards can strengthen the S and thereby improve the robustness and comparability of ESG aggregations. This should interest investors, issuers, and human rights advocates alike.

Keywords: ESG Investing, Sustainable Investing, Millennial Investors, Human Rights

JEL Classification: G, L, M

Suggested Citation

Ruggie, John Gerard and Middleton, Emily, Money, Millennials and Human Rights: Sustaining 'Sustainable Investing' (July 2, 2018). HKS Working Paper No. RWP18-02, Available at SSRN: https://ssrn.com/abstract=3206715 or http://dx.doi.org/10.2139/ssrn.3206715

John Gerard Ruggie (Contact Author)

Harvard University - Harvard Kennedy School (HKS) ( email )

79 John F. Kennedy Street
Cambridge, MA 02138
United States
617-384-7569 (Phone)
617-496-0063 (Fax)

Emily Middleton

Harvard University - Harvard Kennedy School (HKS) ( email )

79 John F. Kennedy Street
Cambridge, MA 02138
United States

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