SHIMIZU Kazuyuki    Department   Undergraduate School  , School of Business Administration    Position   Professor
Date	2017/09/29
Presentation Theme	The dilemma between 'comply or explain' and SRI, ESG methodology, transitional terminology.
Conference	6 th International Conference on Social Responsibility, Ethics and Sustainable Business Conference Theme: People and Corporate Social Responsibility in a Globalized World
Promoters	International Conference on Social Responsibility
Conference Type	International
Presentation Type	Speech (General)
Contribution Type	Individual
Venue	School of Computing, Communication and Business, HTW Berlin, Germany
Publisher and common publisher	Kazuyuki SHIMIZU
Details	Question What is the difference between SRI and ESG? The research question is analyzed with 3 steps; 1. The logical diagram of SRI and ESG shows how stocks are valued by the screening process. Euler and Venn diagram 2. The SRI and ESG Investment approach; Historical point of view and exclusionary (negative) or inclusionary (positive) 2a. History: Prior to comply or explain in 1992, it was called SRI. ESG uses inclusive exclusion criteria. 2b. Exclusionary (negative) approach 3. The performance of ESG and SRI indexes are investigated and compared. There is scepticism between social responsibility and financial performance. (Trade-off) We found stability in SRI in the long-term capital performance, especially during the crisis. However, ESG methodology reveals almost the same movement, like the MSCI world index. SRI fund has a limited diversification effect.
NAID(CiNii)	http://www.csrconferences.org/wp-content/uploads/2017/09/CONFERENCE-TIMETABLE-2017_1.pdf
URL for researchmap	https://www.researchgate.net/publication/333433833_The_Dilemma_between_comply_or_explain_and_SRI_ESG_methodology_transitional_terminology