“Ethical Markets highly recommends this new report from Cornerstone Capital providing a new synthesis for impact investors.
~Hazel Henderson, Editor“
A fresh look at investment performance of sustainable and impact strategies by asset class
Despite decades of competitive returns, a “myth” persists that sustainable and impact investment strategies financially underperform conventional strategies. The myth should be dead.
We recently conducted a fresh review of the academic and practitioner literature on this topic. Sampling from 2,200 reports published over the past few decades, our review provides assurance that applying an ESG lens is consistent with fiduciary duty. (We would argue that it is essential to fiduciary duty.)
In this report we seek to describe the consensus view among the studies we reviewed, and where possible we provide some insight into the relevance of specific research for investment decisions. We organize the results according to asset class, and we look at different applications of ESG analysis. We also highlight the discipline we at Cornerstone take in evaluating the ESG approach of the investment managers we recommend.