A growing group of institutional investors use divestment strategically to deter misconducts that are harmful for the climate and society. Based on Kantian ethics, we propose that divestment represents investors' universal and absolute moral commitment to socially responsible investing (SRI)....

A growing group of investors claim to use divestment strategies to stop financing economic activities harmful for the climate or society. In this paper we test whether investors also use this strategy against ethically-reprehensible behaviours of banks, especially when these investors represent...