With the rise of Esg investing in recent years, more and more investors want to learn about this new investment philosophy. Reading books is one of the best ways to gain in-depth knowledge of Esg investing. Here are the top 5 pdf books I recommend for learning Esg investment:
ESG and Financial Performance: Uncovering the Relationship by Deutsche Asset and Wealth Management
This is a research report published in 2012 that analyzes over 100 academic studies on the relationship between Esg factors and corporate financial performance. It concludes that the majority of studies show a positive correlation between good Esg practices and better financial performance. This report is very insightful for understanding the commercial benefits of Esg investing.
Handbook of Responsible Investment by Céline Louche and Tessa Hebb
This handbook provides a comprehensive overview of Esg investing and responsible investment practices globally. It covers topics like Esg incorporation strategies, active ownership, impact investing, green bonds, SRI funds, Esg ratings & research, etc. Very suitable as a textbook for learning the landscape of the Esg investment universe.
Strategic Social Investment: Institutional Investors and Corporate Social Responsibility by Tessa Hebb
This book specifically focuses on how institutional investors like pension funds, sovereign funds, endowments can integrate ESG factors into their investment process and asset management. It provides practical insights into fiduciary duties, investment beliefs, Esg engagement, shareholder advocacy, impact metrics, etc. Valuable for institutional asset owners and managers.
Corporate Stewardship: Achieving Sustainable Effectiveness by Susan Albers Mohrman
This book examines how companies can implement Esg practices through corporate governance changes. It covers board oversight, executive incentives, stakeholder engagement, sustainability reporting, etc. Useful for corporates who want to improve Esg performance and disclosure.
Strategic Investment: Institutional Investors and Corporate Social Responsibility by Tessa Hebb
Another book by author Tessa Hebb focusing on how institutional investors can fulfill their fiduciary duties by incorporating ESG into investment analysis and active ownership. It provides academic theories and real-world practices regarding ESG integration, engagement, proxy voting, impact investing, etc. Core knowledge for institutional Esg investing.
The above 5 pdf books provide comprehensive and practical knowledge about Esg investing from different perspectives. Reading them will equip investors with a solid understanding of this fast-growing responsible investment philosophy.