Here’s just a small sampling of the ESG-related topics that have landed in the inbox around here recently:
“A study released today by Calvert Investments shows a positive material impact of ESG factors on long-term equity performance.”
“Institutional Shareholder Services Appoints Georgina Marshall as New Head of Global Research.” (She has led ISS’s ESG efforts.)
From MSCI Inc.: “Webinar: Can ESG Add Alpha?”
“Euronext and Vigeo create a new ESG index dedicated to companies from emerging market countries.”
“Corporate Sustainability: First Evidence on Materiality”
Lest you think these all are examples of book-talking from firms with a horse in the ESG race, note that the last one is a study by Harvard Business School professors Mozaffar Khan, George Serafeim and Aaron Yoon. They conclude:
Using both calendar-time portfolio stock return regressions and cross-sectional return prediction regressions we find that firms with good ratings on material sustainability issues significantly outperform firms with poor ratings on these issues.