Investment and environmental management: the interaction between environmentally responsible investment and environmental management practice

Do investors, such as environmentally responsible funds, influence firms' decisions to implement environmental management practices? We present the results of a survey analysing the implementation standards of environmental management practices subject to the influence of environmentally respon...

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Bibliographic Details
Published inInternational journal of sustainable development Vol. 9; no. 4; pp. 336 - 354
Main Author Weber, Olaf
Format Journal Article
LanguageEnglish
Published Inderscience Enterprises Ltd 2006
SeriesInternational Journal of Sustainable Development
Subjects
corporate social responsibility
CSR
environmental management
environmentally responsible funds
investment funds
sustainability
sustainable development
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Summary:Do investors, such as environmentally responsible funds, influence firms' decisions to implement environmental management practices? We present the results of a survey analysing the implementation standards of environmental management practices subject to the influence of environmentally responsible investment funds. Results indicate that firms listed in environmentally responsible funds perform better in their environmental management practices. However, this good performance does not seem to be influenced by the desire of a firm to be listed in an environmentally responsible fund but by other reasons, i.e. a certified environmental management system.
ISSN:0960-1406
1741-5268
DOI:10.1504/IJSD.2006.014219