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Socially Responsible Investment Law

Socially Responsible Investment Law : Regulating the Unseen Polluters. 社会的責任投資法-見えない汚染者を規制する

・ISBN 978-0-19-533345-9 2008 cloth US$ 105.00

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電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 978-0-19-986882-7

著者・編者Richardson, Benjamin J.,
出版社(Oxford U. Pr., US)
ページ数530 pp.
言語ENG
ニュース番号<553-696>

解説

Socially Responsible Investment Law shows how to improve the environmental behavior of corporate financiers, such as banks, pension plans, and mutual funds. Normally, we associate environmental harm with the front-line companies that extract, consume, and pollute, but not the financiers that sponsor and profit from these activities. Corporate financiers are the economy's "unseen polluters," and they should adopt policies and practices to avoid environmental harm that may result from their loans and capital financing investments. Benjamin Richardson proposes governance reforms to encourage Socially Responsible Investment. These include: redefining the fiduciary responsibilities of institutional investors to include the environment (specifically the precautionary principle); enhancing the strategic role of national pension funds in sustainable finance; building new forms of international cooperation for transnational financial markets; democratizing and strengthening local financing through credit unions; and, for all financiers, providing a better mix of economic incentives and informational resources for SRI.