Moral Duty No Longer Key Criteria For Adopting ESG Principles

Moral factors have been completely superseded by factors such as reputation and client pressure, when investment companies sign up to the United Nations’ Principles for Responsible Investment, notes International Capital Market Association Centre’s recent research report. Arleta Majoch and Andreas Hoepner of the International Capital Market Association Centre, and Tessa Hebb from Carleton University in a paper titled “Sources of Stakeholder Salience in the Responsible Investment Movement: Why do investors sign the Principles for Responsible Investment?” note thanks to its size, prominence, and first-mover status, the PRI is the most important global responsible investment initiative in existence today. ESG principles:…