Description
Book SynopsisSocially Responsible Investment Law shows how to improve the environmental behavior of corporate financiers, such as banks, pension plans, and mutual funds. Normally, we associate environmental harm with the front-line companies that extract, consume, and pollute, but not the financiers that sponsor and profit from these activities. Corporate financiers are the economy''s unseen polluters, and they should adopt policies and practices to avoid environmental harm that may result from their loans and capital financing investments. Benjamin Richardson proposes governance reforms to encourage Socially Responsible Investment. These include: redefining the fiduciary responsibilities of institutional investors to include the environment (specifically the precautionary principle); enhancing the strategic role of national pension funds in sustainable finance; building new forms of international cooperation for transnational financial markets; democratizing and strengthening local financing throu
Trade ReviewRichardson's book has to be applauded. It is impressively wide ranging and the arguments are both intricate and imbued throughout with first class scholarhsip. It thus provides a much needed addition to the literature and one that should certainly be used on corporate governance and corporate social and environmental reponsibility courses * David Williamson, University of Manchester, Journal of Environmental Law, 22.1 *
Table of ContentsThe Potential and Limits of SRI ; Corporate Financiers and the SRI Movement ; SRI's Impact ; Obstacles to SRI: Investment Regulation ; SRI Regulation ; SRI Governance Beyond the State ; The SRI Agenda: Climate Change and Indigenous Peoples ; The Path to Ethical Investment
