When treated as a characteristic, there seems to be an ESG anomaly. A real time investor is better off when augmenting an otherwise standard investment universe with two ESG portfolios of irresponsible and responsible firms. Out of sample, the optimal portfolio including the ESG portfolios...

Environmental, Social and Governance (ESG) information demands attention within the asset management industry since it has become widely accepted that making an allowance for ESG criteria within an equity portfolio enhances returns. We test this proposition by incorporating ESG criteria into a...

Using survey data from a sample of senior investment professionals from mainstream (i.e. not SRI funds) investment organizations we provide insights into why and how investors use reported environmental, social and governance (ESG) information. Relevance to investment performance is the most...