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Shifting the Focus to Measurement: A Review of Socially Responsible Investing and Sustainability Indicators

Koenigsmarck, Markus ; Geissdoerfer, Martin (2023)
Shifting the Focus to Measurement: A Review of Socially Responsible Investing and Sustainability Indicators.
In: Sustainability, 2023, 15 (2)
doi: 10.26083/tuprints-00023176
Article, Secondary publication, Publisher's Version

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Item Type: Article
Type of entry: Secondary publication
Title: Shifting the Focus to Measurement: A Review of Socially Responsible Investing and Sustainability Indicators
Language: English
Date: 6 February 2023
Place of Publication: Darmstadt
Year of primary publication: 2023
Publisher: MDPI
Journal or Publication Title: Sustainability
Volume of the journal: 15
Issue Number: 2
Collation: 24 Seiten
DOI: 10.26083/tuprints-00023176
Corresponding Links:
Origin: Secondary publication DeepGreen

An increasing number of investors is including sustainability considerations in their investment processes. This can improve both financial and corporate sustainability performance. The emergence of sustainable investing as an academic research field has been accompanied by considerable interest from the industry. Despite its importance, there is still no uniform understanding of what a socially responsible investment (SRI) comprises. There is a multitude of similar terms that are not clearly defined and delineated, accompanied by a lack of a uniform understanding of how sustainability should be measured in the investment context. The resulting confusion hinders conceptual clarity, a material barrier for both scholarly and practitioner endeavours in the field. We try to address these issues by conducting a structured literature review based on database searches and cross-reference snowballing. We aim to provide a synthesised and unified definition of SRI and ancillary terms and to draw attention to the exact sustainability measurements. We (1) outline the history of the concept, (2) concisely define SRI and related terms, (3) propose a trinomial sustainability indicator framework (the Cambridge SRI indicator framework) for conceptualisation, and (4) use this framework to provide a structured overview of sustainability indicators for SRIs.

Uncontrolled Keywords: sustainable investing, socially responsible investment, impact investing, sustainable finance, green finance, sustainability measurement, sustainability indicators, literature review, cross-reference snowballing
Status: Publisher's Version
URN: urn:nbn:de:tuda-tuprints-231766
Additional Information:

This article belongs to the Section Economic and Business Aspects of Sustainability

Classification DDC: 300 Social sciences > 330 Economics
Divisions: 01 Department of Law and Economics > Betriebswirtschaftliche Fachgebiete > Corporate finance
Date Deposited: 06 Feb 2023 13:28
Last Modified: 14 Nov 2023 19:05
SWORD Depositor: Deep Green
URI: https://tuprints.ulb.tu-darmstadt.de/id/eprint/23176
PPN: 505736683
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