dc.contributor.author |
Eccles, N.S.
|
|
dc.date.accessioned |
2011-06-21T14:36:02Z |
|
dc.date.available |
2011-06-21T14:36:02Z |
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dc.date.issued |
2010 |
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dc.identifier.citation |
Eccles, NS 2010, 'UN principles for responsible investment signatories and the anti-apartheid SRI movement : a thought experiment', Journal of Business Ethics, vol. 95, no.3, pp. 415-424. |
en |
dc.identifier.uri |
http://hdl.handle.net/10500/4380 |
|
dc.identifier.uri |
http://www.springerlink.com/content/60140075661216g7/ |
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dc.description.abstract |
There appears to be a growing disquiet amongst academics surrounding the
ascendancy of ‘responsible’ investment that is egoist or self interested in character –
“business case” responsible investment. This ascendancy has in no small measure
been associated with the uptake of United Nations Principles for Responsible
Investment (PRI) as a de facto standard for mainstream responsible investment. This
paper contributes to this disquiet. It does this by examining how egoist ‘responsible’
investors (as endorsed by the PRI) might have behaved had they been around in the
1970’s, 1980’s and early 1990’s during days of the anti-apartheid socially responsible
investment (SRI) movement. Armed with near perfect (hindsight grade) enhanced
analytics, it is clear that the signals that such egoist ‘responsible’ investors would
have sent to company management in terms of the apartheid issue would have been
highly muddled and therefore ineffective. The net conclusion is that there is nothing
inherently or inevitably ‘responsible’ about egoist investment and that the aversion to
behaving ethically amongst institutional investors must be challenged and not swept
under a carpet of rhetoric. |
en |
dc.language.iso |
en |
en |
dc.subject |
Egoist investors |
en |
dc.subject |
Ethical investment |
en |
dc.subject |
Socially responsible investment |
en |
dc.subject |
Principle for responsible investment |
en |
dc.title |
UN principles for responsible investment signatories and the anti-apartheid SRI movement : a thought experiment |
en |
dc.type |
Article |
en |