SHIMIZU Kazuyuki
Department Undergraduate School , School of Business Administration Position Professor |
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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 |