CEU Electronic Theses and Dissertations, 2011
| Author | Prymak, Galyna |
|---|---|
| Title | Criteria for Sustainable Investment: Delivering Sustainability Value |
| Summary | Environmental and social challenges have reached the point when there is a need in weaving them into core business practices to achieve sustainability. Investment market responds to this by shifting of the focus towards Sustainable Investment (SI). SI funds have claimed to contribute to the world’s future sustainability and to perform well on the market at the same time. One of the ways to check these claims is through their selection criteria. There is a perceived uncertain linkage between the criteria and the sustainability value the funds claim to deliver. As a result stakeholders often cannot clearly verify whether there is a systematic approach to screening and selection behind the funds carrying the name and be assured of the funds’ contribution to sustainable development. This study presents an approach to evaluate the ability of SI funds to deliver a real sustainability value through a framework of sustainability parameters. In total it was developed 71 parameters and each of the six funds selected for the research was assessed gaining a certain number of points. Furthermore, the study aimed to provide valuable lessons on developing sustainability criteria as well as to investigate the link between financial returns and compliance to sustainability principles. Although the outcome of the statistical tests on the connection between criteria and financial performance remains inconclusive, the results suggest that SI funds indeed express a concerned attitude and fundamental approach towards sustainability criteria. |
| Supervisor | Pinter, Laszlo |
| Department | Environment Sciences and Policy MSc |
| Full text | https://www.etd.ceu.edu/2011/prymak_galyna.pdf |
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