We propose a novel way of measuring the equity portfolio-level environmental and social characteristics of a 13F institution (the “sustainability footprint”) and examine the relation between sustainability footprints and risk-adjusted investment performance. The analysis shows that 13F...

The broadening spectrum of environmental problems, the uncertainty regarding their scale and duration, and their posible irreversibility, in the context of the growing social preference for environmental quality, make it necessary to undertake an ex ante approach to the link between productive...