The Market for Socially Responsible Investing: A Review of the Developments

Camilleri, M.A. (2020). The market for socially responsible investing: A review of the developments. Social Responsibility Journal. DOI. 10.1108/SRJ-06-2019-0194.

32 Pages Posted: 6 Apr 2020

See all articles by Mark Anthony Camilleri

Mark Anthony Camilleri

University of Malta; University of Edinburgh

Date Written: March 10, 2020

Abstract

Purpose: This contribution explains how socially responsible investing (SRI) has evolved in the last few decades and sheds light on its latest developments. It describes different forms of SRI in the financial markets; and deliberates on the rationale for the utilization of positive and negative screenings of listed businesses and public organizations.

Design/methodology/approach: A comprehensive literature review suggests that the providers of financial capital are increasingly allocating funds toward positive impact and sustainable investments. Therefore, this descriptive paper provides a factual summary of the proliferation of SRI products in financial markets. Afterwards it presents the opportunities and challenges facing the stakeholders of SRI.

Findings: This research presents a historic overview on the growth of SRI products in the financial services industry. It clarifies that the market for responsible investing has recently led to an increase in a number of stakeholders, including contractors, non-governmental organizations (NGOs) and research firms who are involved in the scrutinization of the businesses’ environmental, social and governance (ESG) behaviors.

Originality/value: This discursive contribution raises awareness on the screenings of positive impact and sustainable investments. The researcher contends that today’s socially responsible investors are increasingly analyzing the businesses’ non-financial performance, including their ESG credentials. In conclusion this paper puts forward future research avenues in this promising field of study.

Keywords: social responsibility, financial products, financial services, investments, investing, SRI, socially responsible investing, impact investing, ethical investing, sustainable investing

JEL Classification: G2, G20, G23, G24, M1, M4, M10, M40

Suggested Citation

Camilleri, Mark, The Market for Socially Responsible Investing: A Review of the Developments (March 10, 2020). Camilleri, M.A. (2020). The market for socially responsible investing: A review of the developments. Social Responsibility Journal. DOI. 10.1108/SRJ-06-2019-0194.. Available at SSRN: https://ssrn.com/abstract=3552548

Mark Camilleri (Contact Author)

University of Malta ( email )

Department of Corporate Communication,
Faculty of Media and Knowledge Sciences
Msida, MSD2080
Malta
79314808 (Phone)

HOME PAGE: http://https://www.um.edu.mt/profile/markacamilleri

University of Edinburgh

27 Buccheluech Place,
The Business School
Edinburgh, Scotland EH8 9JS
United Kingdom

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