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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.

What's on this page?

  • eBooks
  • Online articles
  • Useful links
  • Articles and books from the Library

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

The investor revolution

With the environmental and social impacts of their portfolios of increasing concern to investment firms, the authors discuss what companies can do to prepare for the new era of sustainable investing.

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

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.

The investor revolution

Interviews with senior executives at a number of institutional investing firms suggest environmental, social and governance (ESG) is now a priority and that corporations will soon be held accountable by shareholders for their ESG performance. The authors explore what is driving change and what companies can take do to prepare for the new era of sustainable investing.

The ABC of ESG

Demand is growing for environmental, social and governance (ESG) investment products. Discusses the complexities of measuring the performance of 'green' products and their asset managers.

Sustainable Development Goals show their worth for investors

Article on the value of the UN’s Sustainable Development Goals (SDGs) as a framework for investors and how the goals are being applied by a number of investment firms.

Small investors' big impact

Explores new trends in socially conscious investing. Particular focus is given to how small investors are having a big impact on socially-minded enterprises. Additional topics discussed include the notion of SRI (Socially Responsible Investing) funds, and efforts to further gender diversity and workplace equality.

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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.

Ethical Investment Research Service (EIRIS)
EIRIS is a 'global provider of environmental, social and governance (ESG) research.'

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.

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

Keep it small and local
Elliot, H.
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.

A controlling share
Jones, G.
Charity Finance, June 2013. pp.18-21
In April 2013 the Church of England made headlines when it announced that it will use its shareholder rights to vote down any bonus worth more than an executive's basic salary, should any of the companies it invests in attempt to provide such a bonus to any of its staff. In the light of this, the author investigates the ways in which fund managers are embracing responsible investment. Discusses different techniques of responsible investment, such as negative screening, positive screening, and company engagement.

Your starter for ten
Young, A.
Charity Finance, June 2013. pp.24-25
Over the last decade, charity trustees have had to consider a wide range of complex investment issues, beyond just fiduciary ones. These include appropriate ethical screening, mission-related investment, and whether environmental, social and governance factors should be part of their investment strategy. The author offers ten questions on responsible investment that can be addressed to fund managers.

Responsible investment guide 2013
Nixon, R (Fremantle, Australia : VIVID Publishing, 2011)
This 34 page guide contains the following sections: what is responsible investment?; why adopt a responsible investment approach?; an evolving landscape; the market is moving; the (financial) evidence is out there; across asset classes- public equities; fixed income; real estate; private equity; hedge funds (and other); and key actions.

Find more articles and books

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