ABIS Special Issue: Driving impact through responsible investing and finance
We are pleased to announce the publication of an ABIS Special Issue focusing on "Driving impact through responsible investing and finance".
It all started when at the 20th Annual Colloquium highlighting the theme “Driving impact through responsible investing” on 23rd November 2021. The conference welcomed responsible investing professionals, business practitioners, as well as scholars and educators in business, management and sustainable finance and engaged them in high level and practice-based dialogues on how to enhance positive business impact on society through responsible investing. The conference offered various views on responsible investing, as well as corporate perspectives, reflection on the role of business schools and the effect of integrating responsible investing in management education and also latest research findings from academics and practitioners in two tracks:
ESG, Corporate Governance and Value Creation;
Responsible Investing approaches and performance.
Following Colloquium, a collaboration was formed with the Sustainability Accounting, Management and Policy Journal (SAMPJ) to create a Special Issue (SI) with the focus on “Driving impact through responsible investing” opened to a variety of researchers and practitioners to submit their papers related to the topic.
The Special Issue is designed to help the ABIS business-academic network and beyond to gain and access relevant insights on:
how to enhance positive business impact on society through responsible investing
the alignment among business and investors on investing in sustainable activities
The papers included in the SI contribute to the existing body of knowledge by providing justifications and incentives to apply more responsible business and financial models as well as recommended course of actions and policy implications. While a direct causal relationship between increased investment in ESG practices and improved financial performance is not always apparent, especially in the shorter run (in line with previous rather ambiguous evidence on ESG investing, e.g. Matos, 2020), the majority of the papers included in the SI make the case for an expanded role of the financial sector in supporting the sustainability transition (Sood et al., 2023). Financial markets, by engaging in responsible investments and ESG approaches, can accelerate progress towards sustainable development, and industries such as asset management are considered critical in this process (Folque et al., 2023). As shareholders, they can have an active role in supporting business to transition to more sustainable practices and companies are thus likely to experience more pressure to change (Viviers and Steenkamp, 2023). As exposed in one of the papers, there is already a shift in the financial community towards allocating capital to impact on the real economy (Diener, 2023). As the SI started to come together between the turbulent times of the Covid-19 pandemic, a sample of papers also cover the impact of Covid-19 and other socio-economic developments (Sood et al., 2023). Overall, the authors share the perspective that the financial sector has a key role in achieving the UN SDGs and calls for concerted effort in developing ESG strategies, responsible investing approaches and regulatory frameworks to invest for the benefit of people, communities and society as a whole.
For these efforts in publishing and finalising our Special Issue, we would like to thank our dedicated Guest Editors:
Joan Fontrodona, Professor and Director of the Business Ethics Department, IESE Business School
Luk Van Wassenhove, Emeritus Professor of Technology and Operations Management, INSEAD
Ivo Matser, CEO, ABIS - The Academy of Business in Society
Thank you to our published authors for trusting the process:
Ines Kammoun, Yusuf Babatunde Adeneye, Ab Wahab, Siti Nur Aqilah Ab Wahab
Maria Folgué, Elena Escrig-Olmedo, María Corzo Santamaría