ESG Investing and Analysis - A Practitioner's Guide
ESG Investing and Analysis: A Practitioner’s Guide is designed to be a practical guide that analyses the most up-to-date and common ways in which ESG considerations are being taken in the investment process and is suitable for both practitioners and students. The authors demonstrate and analyse the latest trends and techniques in ESG investing, using concrete examples, supplemented by case studies, as well as insights from leading practitioners and academics.
“This practical guide allows any practitioner, regardless of their level of knowledge on ESG, to understand the issues and challenges around investing in the emerging world of ESG assets.”
NAVIN RAUNIAR, Partner and Head for the Sustainability Advisory Practice at Tata Consultancy Services. He is also co-chair for the PRMIA ESG Working Group, and involved in various influential financial bodies which address climate, ESG and sustainable finance topics.
Supported by investor appetite and global regulation, managing environmental, social and governance (ESG) risks have now become part and parcel of the investment process. Yet, incorporating these extra-financial insights in investment analysis is still novel to many investors and can be challenging because of the often-conflicting opinions provided by ESG providers and differences in government policies and ambitions. Using detailed case studies and through thorough analysis, ESG Investing and Analysis: A Practitioner’s Guide is designed to be a practical guide that analyses the most up-to-date and common ways in which ESG considerations are being taken in the investment process and is suitable for both practitioners and students, regardless of the level of knowledge or experience in ESG.
In this book, Marie Lehmann, Martina Macpherson and Daniel Ung demonstrate and analyse the latest trends and techniques in ESG investing. Using concrete examples put together by renowned investment experts, different aspects of ESG portfolio construction approaches are discussed in detail. These are then supplemented by case studies, written by experts from the world’s largest pension funds as well as chief investment officers, that are designed to translate theory into practice. Besides examining the financial aspects of sustainable investing, the book also focusses on current ESG policy and regulatory developments, as well as insights from leading practitioners and academics who have helped shape the global sustainable finance landscape over recent decades.
Risk Books would like to apologise for including an incorrect version of the foreword, written by Michael Sheren, in the first printing of ESG Investing and Analysis - A Practitioner's Guide.
We have taken the first printing out of circulation and have made the correct version of the foreword available to download here.
We apologise to our readers, the editors and to Michael Sheren for the oversight.
0 Linking ESG scenarios to real economy outcomes
'Michael Sheren' PDF Download
Part I: Introduction to ESG in Portfolio Construction
1 Analysing ESG policy, market and portfolio construction considerations
'Kartik Chawla, Martina Macpherson, Alexis Royer and Daniel Ung'
2 Case Study 1: Applying ESG concepts in a pension fund's equity portfolio
'Christian Kjær and Jens-Jakob Kratmann Nissen'
3 Case Study 2: Applying ESG concepts to wealth management portfolios
Part II: Environmental and Climate Risks
4 Managing environmental and climate transition risks and opportunities within portfolio
'Karl Wilhelm Lange, Michael Leithead and Stefano Montobbio'
5 Considering physical climate risks and resilience in real asset investment
'Lucy Carmody and Carlos Sanchez'
6 Case Study 3: Practical issues and considerations for implementing a Net Zero emissions strategy for asset owners
'Marc Olivier Dines'
Part III: Social Risks and Impact Investing
7 Evaluating social criteria in fundamental and thematic investment portfolios
8 Case Study 4: Defining impact investing for today’s ethical investor – evaluating the efforts of Evangelisches Johannesstift
Part IV: Governance and Active Ownership
9 Developing governance and active ownership frameworks for investment analysis
'Christine Chow and Carol Nolan Drake'
10 Case Study 5: Applying active ownership and stewardship to a pension fund portfolio
Part V: Alternatives
11 Identifying ESG risks and opportunities in alternative investments
'Callum Macpherson and Joachim Merten'
Part VI: Data, Taxonomies and Regulation
12 Reviewing the EU regulatory framework for ESG investors
'Arthur Carabia and Anne Schoemaker'
13 Assessing data and disclosure challenges in ESG investing
'Marie Lehmann and Beate van Loo-Born'
Part VII: Past, Present and the Future in ESG
14 Corporate social responsibility across industries: When and who can do well by doing good? 'Andreas Hoepner and Pei-Shan Yu'
15 Reflecting on how ESG investing, accounting and governance have evolved over time
'Jill Frances Atkins'