We revisit the relationship between ESG and stock returns using a novel, monthly consensus rating for a global universe. Our results illustrate that how well or bad a firm does along the different dimensions of corporate social responsibility does affect the return of its shares. Fund managers...

This paper investigates the relationship between ESG scores and stock prices. Further to previous research we add ESG revisions to the overall level of ESG scores. We propose an ESG life cycle framework, which we decompose into four clusters. Each of these clusters exhibits different...