Conceptual aspects of voluntary sustainability initiatives in the context of proactive sustainability strategies for supply chains -- Theoretical aspects of designing voluntary sustainability initiatives for supply chains -- Initial framework: a resource-based view of institutional...

This paper examines the profitability of investing according to environmental, social and governance (ESG) criteria in the U.S. and Europe. Based on data from 2003 to 2017, we show that a portfolio long in stocks with the highest ESG scores and short in those with the lowest scores yields a...