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Does SRI mean a lesser stock performance? |
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Various studies have shown that the integration of environmental, social and governance (ESG) factors into investment decisions results in a superior or equal performance as compared to managing classic assets. These studies come from some 20 universities and a dozen different brokers. They were analysed in October 2007 by the Asset Management Working Group of the United Nations Environment Programme Finance Initiative, which represents 175 banks, investment and insurance companies from 38 countries as well as investment consultant Mercer. These past years, it is clear that the ASPI Eurozone index has undergone an evolution almost identical to that of its reference index, the Euro DJ Stoxx 300. It has even had a better performance than the Euro DJ Stoxx 50 index. Finally, SRI has two advantages: the short-term one of reducing the risk of accidents on the market and the medium-term one of improving the yield/portfolio risk ratio.
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