ESG Factors in the Investment Process

Giovanna Frati (), Julien Mazzacurati () and Barbara Alemanni ()
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Giovanna Frati: Commissione Nazionale per le Società e la Borsa (CONSOB)
Julien Mazzacurati: European Securities and Markets Authority (ESMA)
Barbara Alemanni: Bocconi University

Chapter Chapter 6 in Information as a Driver of Sustainable Finance, 2022, pp 147-177 from Palgrave Macmillan

Abstract: Abstract The objective of the contribution is the analysis of how ESG factors are affecting the decision-making process of institutional investors. To that end, the key drivers underlying the broad-based shift towards sustainable investments and the main sustainable strategies are considered and a picture of ESG fund market trends is provided. Then the contribution moves on to sift, from a regulatory point of view, the amendments to the legal framework aiming at integrating ESG factors in management companies’ decision-making process as well as at spotting the distinctive features of ESG products. The conclusions are focused on the challenges the institutional investors are facing: the real ESG impact of the managed portfolio and how this is intertwined with the limitations of ESG ratings.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-030-93768-3_6

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DOI: 10.1007/978-3-030-93768-3_6

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