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Socially responsible investment

Socially responsible investment covers investment strategies that take into account environmental, social and corporate governance considerations. On this page you can access a range of articles, books and online resources providing quick links to guidance, reports and useful organisations working in this area.

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Featured eBook

Sustainable investing: the art of long-term performance
Krosinsky, Cary (Earthscan, 2009)

This book looks at sustainable investing as a way of generating long-term returns. Bringing together leading practitioners of sustainable investing from across the globe, it charts how the agenda has evolved, what impact it has today, and what prospects are emerging for the years ahead.

You will need to be logged-in to the website to read this eBook.

Featured article

Pandemic puts social top for corporate ESG

The coronavirus pandemic has pushed the social element of environmental, social and governance finance to the forefront of investors' agendas.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

eBooks

The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

Checklists for due diligence

Contains checklists covering the legal, financial and commercial aspects of due diligence, as well as other areas such as IT, intellectual property, and environmental risks. Each checklist includes a short introduction providing guidance on best use.

Environmental reporting

Environmental reporting has become far more prominent in recent years due to increasing legislation and greater customer interest. This eBook focuses on environmental reporting requirements for UK organisations including the measurement of environmental impacts. It also covers voluntary reporting and likely future developments.

Sustainable investing: the art of long-term performance

Sustainable investing is fast becoming the smart way of generating long-term returns. With conventional investors now scrambling to factor in issues such as climate change, business ethics and human rights, this book captures a turning point in the evolution of global finance. Bringing together leading practitioners of sustainable investing from across the globe, this book charts how this agenda has evolved, what impact it has today, and what prospects are emerging for the future.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

EISAI's ESG investments

The Japanese pharmaceutical company's investments in human capital and R&D have been linked to a positive correlation with long-term corporate value.

Just how green is your 'green' fund?

As more investment funds adopt the 'ESG' label, here's how to separate substance from hype.

'Portfolio warming' is the new climate anxiety for fund managers

Some major investment companies are committing to reducing the climate warming potential of their portfolios.

How wrong was Milton Friedman? Harvard team quantifies the ways

Harvard Business School professor George Serafeim wants to revolutionize the way businesses calculate their success, through evaluating intangible, non-financial environmental, social and corporate governance factors.

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Useful links

UK

Big Society Capital
Independent financial institution set up to help grow the UK social investment market. Web site includes information for charities and social enterprises on social investment.

Call for Input: Regulatory Barriers to Social Investments
Explains the different structures a social enterprise in the UK can have and asks for views about specific rules and policies which may be hindering investment for social purposes. Includes a section on steps and considerations for those looking to invest in a social enterprise. Published by the FCA in December 2015.

Charities Responsible Investment Network
The Network was established in Spring 2013; it enables charity and foundation investors to fulfil their charitable purposes through research, training and engagement with companies.

Charity SRI
An initiative of the EIRIS Foundation and UKSIF which 'encourages and assists charities and their trustees in the development of an ethical and socially responsible approach to their investments.' The website provides a range of publications, including Socially Responsible Investment: A practical introduction for charity trustees and Responsible Investment in Pooled Funds: A guide for charity trustees.

Institute of Business Ethics
Charitable organisation promoting ethical standards in management and industry. The website offers briefings on good practice guidance and an annual survey on UK attitudes to business ethics.

The Investment Association Guidelines on responsible investment disclosure
Guidelines published by the Association of British Insurers in 2007 (following the merger of ABI Investment Affairs with the IMA in 2014, the enlarged Investment Management Association, which was renamed The Investment Association in January 2015, has assumed responsibility for guidance previously issued by the ABI).

UK Sustainable Investment and Finance Association (UKSIF)
Membership association for sustainable and responsible financial services whose web site includes a number of reports and publications.

International

European Sustainable Investment Forum (Eurosif)
Eurosif is 'a pan-European network and think-tank whose mission is to develop Sustainability through European financial markets.' The Eurosif website includes a survey on the state of the European SRI market.

FTSE4GOOD
Index measuring the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices.

Global Impact Investing Network (GIIN)
A nonprofit organisation dedicated to increasing the scale and effectiveness of impact investing. Its Knowledge Center includes key industry publications and GIIN-authored research.

Global Social Impact Investment Steering Group
The Global Social Impact Investment Steering Group (GSG) was established in August 2015 as the successor to the Social Impact Investment Taskforce set up by G8. It aims to catalyse a global social impact investment market across member countries. Web site includes social investment case studies.

International Platform on Sustainable Finance - IPSF Annual report October 2020
The IPSF is an international forum for public authorities; it aims to promote integrated markets for environmentally sustainable finance. Its  2020 annual report examines global trends and evolutions within sustainable finance in the COVID-19 context, as well as how to achieve alignment between sustainable finance investment assessment tools. 

Principles for Responsible Investment Initiative (PRI)
PRI is a United Nations-backed initiative which has brought a network of international investors together to put into practice the Principles for Responsible Investment devised by the investment community.

US SIF: The Forum for Sustainable and Responsible Investment 
A US membership network committed to investment practices that consider environmental, social and corporate governance criteria.

Unlocking the value of social investment
This edition of KPMG's Sustainable Insight presents results of 2012-13 global research on corporate and foundation approaches to measuring and reporting social investment. A framework to help companies improve the effectiveness of social programs is included.

Articles and books in the Library collection

Selected articles and books

A target for carbon-neutrality
STEP Journal, November 2019, pp.68-69
This article discusses the Net-Zero Carbon 10 target, and the growing importance of investing in a low-carbon future. 

What is impact investing and why is it gathering momentum?
Charity Finance, January 2019, pp.28-37
The author 'looks into a growing form of investment which has enthused both fund managers and social funders'. Headings in the article include: 'an ambigious area'- defining impact investing; example of an impact investment; assessing impact; and what impact investments are on offer?

Keep it small and local
Taxline, No.3. March 2015. pp.14-16.
Social investment tax relief (SITR) is a new relief for income tax and capital gains tax (CGT) introduced by Finance Act 2014. The objective is to encourage individual investment in small social enterprises. This article explains how social investment tax relief works.

Find more articles and books

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