ESG Investing for Dummies
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Newark
John Wiley & Sons, Incorporated
2021
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| Schlagworte: | |
| Online-Zugang: | DE-2070s |
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Inhaltsangabe:
- Intro
- Title Page
- Copyright Page
- Table of Contents
- Introduction
- About This Book
- Foolish Assumptions
- Icons Used in This Book
- Beyond the Book
- Where to Go from Here
- Part 1 Getting to Know ESG
- Chapter 1 Entering the World of ESG Investing
- Surveying the Current ESG Landscape
- Exploring What ESG Is (and Isn't)
- Defining the breadth of ESG
- Comparing SRI, ethical, and impact investing to ESG
- Determining whether ESG delivers good investment performance
- Understanding ESG's Impact on the Environment, Society, and Governance
- Meeting environmental and global warming targets
- Providing solutions to social challenges
- Meeting corporate governance requirements
- Using International Standards to Determine ESG Objectives
- Leading the charge: European legislation on ESG
- Ahead of its time: The United Nations
- Staying focused: The Sustainability Accounting Standards Board
- Building a framework: The Global Reporting Initiative
- Chapter 2 Back to the Future: Understanding the Evolution and Growth of ESG Investing
- Studying the Evolution of Investing in ESG
- Investing through the ages: From SRI to ESG
- Go green: The changing global environment
- On trend: Changing investor demographics
- Crunch the numbers: Evolving data and analytics
- Exploring the "Personality" of an ESG Company
- Determining material ESG factors
- Performing a materiality analysis
- Applying weights to materiality measures
- Understanding Why ESG Is Important
- Global sustainability challenges
- The interest of millennial investors in ESG
- More systematic, quantitative, objective, and financially relevant approaches
- Surveying Specific ESG Ratings and Metrics
- Data quality, ratings bias, and standardization
- Issues with ESG scoring
- ESG momentum importance
- Applying artificial intelligence and data science to ESG analysis
- Defining an ESG Policy
- Familiarize yourself with ESG and asset owner-specific legislation
- Undertake a peer review
- Review your statement of investment beliefs and core investment principles
- Specify responsible investment guidelines
- Outline responsible investment procedures
- Include engagement and active ownership approaches
- Spell out reporting requirements
- Chapter 3 Give Me an 'E'! Defining the Environmental Sector in ESG
- Outlining a Company's Use of Natural Resources
- CO2 or GHG? Climate change and carbon emissions
- Clean and green: Energy efficiency
- A crisis awaits: Conservation of water
- There is no Planet B: Air and water pollution
- Live and let live: Biodiversity
- See the forest for the trees: Deforestation
- Don't throw your future away: Waste management
- Studying the Effects of a Company's Operations on the Environment
- Direct operations
- Supply chains
- Defining "Green" for a Company
- Internalizing (or managing) externalities
- The 3Rs: Reduce, reuse, and recycle
- Detailing a Company's Performance as a Steward of the Physical Environment
- Managing operations to reduce emissions and promote sustainability
- Collaborating with others to create solutions for environmental issues
- Chapter 4 Give Me an 'S'! Investigating the Social Aspects of ESG
- Identifying Factors in a Company's Social Performance
- Customer satisfaction
- Data protection and privacy
- Gender and diversity
- Employee engagement
- Community relations
- Human rights
- Labor standards
- Evaluating a Company's Social Performance
- The results are in: Achievements
- When in Rome: Differentiating on a national or regional basis
- Determining Measurements for Social Performance
- The alignment of social and economic responsibilities
- Long-term change for people and communities
- Deciding on Weight Factors
- Take your pick: Different social issues
- Think outside the box: Scenario analysis
- Chapter 5 Give Me a 'G'! Decoding the Governance Component of ESG
- The Good Place: Defining What "Good" Corporate Governance Looks Like
- The benefits of good governance
- Practices and values
- Multiple stakeholder orientation
- Walk the Walk: Evaluating a Company's Governance Values
- Board responsibilities
- Board composition
- Audit committee structure
- Bribery and corruption
- Executive compensation
- Lobbying
- Political contributions
- Whistleblower schemes
- Lead the Way: Emphasizing How 'G' Can Dictate the 'E' and 'S' Factors
- Governance as an overarching principle for ESG
- The role of governments
- Around the World: Underlining Regional Differences in Governance Activities
- Emerging markets
- North America
- Europe
- Chapter 6 Highlighting Corporate Greenwashing
- The Grass Isn't Always Greener: The Basics of Greenwashing
- Tracking the growth of greenwashing
- Specifying the details
- Using plain language
- Setting up a system
- Just When You Thought It Was Safe: Coronawashing
- Coronawashing on the corporate side
- Coronawashing on the investor side
- Part 2 Investing in ESG through Different Instruments
- Chapter 7 Approaches to ESG Investing
- Understanding Socially Responsible Investing
- Looking at reasons for SRI
- Comparing a best-in-class strategy to an exclusion strategy
- Weighing the potential return on SRI decisions
- Evaluating Impact Investing
- Defining and tracking "impact"
- Measuring social and environmental outcome targets
- Calculating impact metrics
- Focusing on Faith-Based Investing
- Reviewing religious principles of finance
- Examining exclusion screening and divesting
- Advocating for values through proxy voting
- Chapter 8 Analyzing Equity-Based Instruments
- Integrating ESG Strategies into Investment Decisions
- Just the basics: Getting an overview of the process
- Using active strategies
- Analyzing the impact of different ESG scores
- Watch out: Thinking about risks and disclosures
- Investigating how companies with higher ESG scores outperform
- Take it easy: Applying passive strategies
- Reviewing relative returns and performance of ESG stocks
- Verifying Quantitative Strategies
- Constructing equity portfolios that integrate ESG factors
- Adjusting stock index constituent weights
- Determining which ESG factors matter most in quantitative strategies
- Identifying Smart Beta Strategies
- Extending negative stock screening to smart beta strategies
- Using ESG equity factors and scores to weight portfolio construction
- Focusing on a Given Theme
- Sector exposure
- Thematic exposure
- Chapter 9 ESG and Fixed Income Instruments
- Analyzing Fixed Income (Bond) Factors
- The importance of risk
- Strategies for adding ESG to fixed income portfolios
- Bond issuer goals
- Defraying interest rate costs
- All together now: ESG integration issues
- Bond pricing
- Mix it up: Credit and ESG ratings
- Emphasizing Bond Issuer Differences
- For king and country: Sovereign issuance
- Corporate issuance
- Room for more: Emerging markets
- Highlighting Fixed Income Indexes
- Identifying Specific ESG Exposures
- For the earth: Green bonds
- Think big: Social bonds
- Keep it up: Sustainability and sustainability-linked bonds
- Chapter 10 Exploring Derivative and Alternative Instruments
- Achieving Passive Returns Using ESG Indexes
- The basics of exchange-traded products
- OTC derivatives
- Building blocks: Structured products
- Increasing Focus on ESG in Alternative Assets
- Sustainable lending
- ESG in hedge funds
- Focusing on Illiquid Assets
- Around the block: Real estate
- Laying foundations: Infrastructure
- Hush-hush: Private equity
- Investing in "Traditional" ESG
- Pull the plug: The basics of renewable energy investment
- Light my fire: Solar power
- There she blows: Wind power
- Chapter 11 Highlighting Geographical Differences in ESG Investing
- The Beginning: Europe
- Highlighting the regulatory developments
- Enjoying a first mover advantage on ESG investment
- Continuing inflows for ESG funds
- The Middle: North America
- Highlighting political and regulatory roadblocks in the United States
- Investigating Canada's approach
- Driving up demand
- The End: Developed versus Emerging Markets
- Seeing that emerging markets are lagging but disclosure is increasing
- Highlighting political and regulatory developments
- Determining whether an ESG approach is better suited to developed economies
- Part 3 Applying ESG Philosophy
- Chapter 12 Creating Value through ESG for Corporations
- Crystal Clear: Corporate Disclosure and Transparency
- Meet the team: ESG engagement
- Thank you for sharing: Communication from the board
- Grow the Pie: Generating Enhanced Returns
- Increasing access to capital
- Corporate adoption and action
- Roll Up, Roll Up: Attracting More Customers
- Tracking sustainability practices
- Measuring intangible value drivers
- Identifying material opportunities
- Pare It Back: Reducing Costs
- Green financing
- How low can you go? Lower interest rates and higher credit ratings
- The Bottom Line: Increasing Productivity and Attracting Talent
- Chapter 13 Devising an ESG Policy
- Here's a Great Idea: Creating a Plan
- Promoting ESG among key stakeholders
- Creating an internal governance structure
- Don't Reinvent the Wheel: Undertaking a Peer Review
- Devising ESG investment strategies