On the emergence, current state, and future perspectives of Socially Responsible Investment (SRI)

In recent decades Socially Responsible Investment (SRI) emerged into anen vogueinvestment philosophy. Originating from religious and moral considerations, SRI evolved in the wake of socio-political deficiencies and corporate social conduct. In the global rise of financial social conscientiousness, d...

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Bibliographic Details
Published inConsilience no. 16; pp. 38 - 63
Main Author Puaschunder, Julia M.
Format Journal Article
LanguageEnglish
Published Columbia University 01.01.2016
Subjects
Conscientiousness
Consilience
Economic crises
Financial investments
Financial markets
Investors
SCHOLARLY ARTICLES
Social ethics
Social responsibility
Socially responsible investing
Sustainable development
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Summary:In recent decades Socially Responsible Investment (SRI) emerged into anen vogueinvestment philosophy. Originating from religious and moral considerations, SRI evolved in the wake of socio-political deficiencies and corporate social conduct. In the global rise of financial social conscientiousness, differing national legislations and regulatory traditions have led to various SRI practices, which are harmonized by the United Nations (UN). Building on the historic advancement of Financial Social Responsibility in the wake of socio-ethical deficiencies, this paper highlights the future potential of SRI in the aftermath of the 2008/09 World Financial Crisis as a means to avert economic market downfalls. During the current financial market reform, additional micro- and macro-research on financial social conduct could foster the idea of Financial Social Responsibility and aid a successful implementation of SRI.
ISSN:1948-3074