Responsible Investment: A Vehicle for Environmentally Sustainable Economic Growth in South Africa

Stephanie Giamporcaro, Lise Pretorius and Martine Visser

RFF Working Paper Series from Resources for the Future

Abstract: This paper explores whether any investment products or strategies in South Africa take environmental sustainability into account. By looking at how environmental, social, and governance (ESG) criteria are used in investment decision making, we found that most socially-responsible investment products and responsible investment strategies largely focus on infrastructure, development, and black economic empowerment. Environmental criteria do not yet receive comparable attention from South African asset managers and owners. Mainstreaming responsible investment principles will need to come from either an increase in demand for such practices by asset owners or from company positions on ESG issues.

Keywords: responsible investment; socially responsible investment; pension funds; asset managers; screening; active share ownership (search for similar items in EconPapers)
JEL-codes: G23 G28 H23 (search for similar items in EconPapers)
Date: 2010-06-18
New Economics Papers: this item is included in nep-afr, nep-env and nep-res
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Citations: View citations in EconPapers (2)

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