Impact investments: a call for (re)orientation
| Autor: | Busch, Timo, Bruce-Clark, Peter, Derwall, J.M.M., Eccles, Robert, Hebb, Tessa, Hoepner, Andreas, Klein, Christian, Krueger, Philipp, Paetzold, Falko, Scholtens, Bert, Weber, Olaf, Finance, UU LEG Research UUSE Multidisciplinary Economics |
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| Přispěvatelé: | Finance, UU LEG Research UUSE Multidisciplinary Economics, RS: GSBE Theme Sustainable Development, SOM EEF, University of Zurich, University of St Andrews. School of Management, University of St Andrews. Centre for Responsible Banking and Finance |
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
T-NDAS
HB Context (language use) CSP Center for Sustainable Finance and Private Wealth (CSP) ESG Impact generation 0502 economics and business aspects Sustainable investments Environmental degradation 040101 forestry HB Economic Theory Public economics Corporate governance Financial markets 05 social sciences Financial market Sustainable investment 04 agricultural and veterinary sciences Investment (macroeconomics) 330 Economics Transformational leadership sustainable investments Sustainability ESG aspects Impact investing 0401 agriculture forestry and fisheries Business 050203 business & management |
| Zdroj: | SN Business & Economics, 1:33. Springer SN Business & Economics, 1(2), 1. Springer Nature SN Business & Economics, 1(2):33. Springer Nature |
| ISSN: | 2662-9399 |
| Popis: | Open Access funding enabled and organized by Projekt DEAL. Practitioners as well as academics have been using different terms to describe investments in the sustainability context. The latest inflationary term is impact investments – investments that focus on real world changes in terms of solving or mitigating social challenges and/or ecological degradation. At the core of this definition is an emphasis on transformational changes. However, the term impact investments is often used interchangeably for any investment that incorporates environmental, social, and governance (ESG) aspects. In the latter instance, achieving transformational change is not the main purpose of such investments, which therefore carries the risk of impact washing (akin to “green washing”). In order to offer (re-)orientation from an academic perspective, we derive a new typology of sustainable investments. This typology delivers a precise definition of what impact investments are and what they should cover. As one central contribution, we propose distinguishing between impact-aligned investments and impact-generating investments. Based on these insights, we hope to lay the foundation for future research and debates in the field of impact investing by practitioners, policy makers, and academics alike. Publisher PDF |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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