Open AccessESG AND RESPONSIBLE INSTITUTIONAL INVESTMENT
Author(s) -
Marina V. Chernyshova
Publication year - 2021
Publication title -
naučnye trudy volʹnogo èkonomičeskogo obŝestva rossii
Language(s) - English
Resource type - Journals
ISSN - 2072-2060
DOI - 10.38197/2072-2060-2021-229-3-98-120
Subject(s) - business , institutional investor , asset (computer security) , asset allocation , sustainability , corporate governance , portfolio , investment (military) , order (exchange) , finance , asset management , popularity , ecology , computer security , politics , computer science , political science , law , biology , psychology , social psychology
The growing interest in the sustainability of companies has led to green investment gaining popularity among investors as it aims to combat climate change and its impact on the planet, and therefore on human life and the environment. These changes also directly affect companies, in connection with which they are reconsidering their behavior in order to meet the new requirements of the financial market. Investors are changing their asset allocation given that more resilient issuing companies are better equipped to cope with tough times and therefore offer stable returns. In line with this emerging trend, global investment banks and asset managers have increased the supply of green funds in recent years, providing investors with many options to validate environmental, social and corporate governance (ESG) aspects when making portfolio asset allocation decisions.