ESG/Green Investment and Allocation of Portfolio Assets

被引：3

作者：

Yoshino, Naoyuki ^{[1
,2
]}

Yuyama, Tomonori ^{[2
,3
]}

机构：

[1] KEIO UNIV, Dept Econ, Tokyo, Japan

[2] FSA, Financial Res Ctr, Tokyo, Japan

[3] FSA, Macroecon & Market Anal Off, Tokyo, Japan

来源：

ESTUDIOS DE ECONOMIA APLICADA | 2021年 / 39卷 / 03期

关键词：

ESG; (Environmental; Society and Governance); Green investment; Green credit rating; optimal portfolio allocation and GHG taxation;

D O I：

10.25115/eea.v39i3.4628

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article examines the current portfolio allocation in ESG and Green projects. Traditional investments focus on rates of return and risks associated with investment. Environmental, Social and Governance ( ESG) or Green factors are additional components that investors have to pay attention to. Environmental protection is very important. However, we see that the current different definitions of ESG or Green factors lead to distorted allocations in portfolio investments. In order to bring portfolio allocations to a desirable direction, global taxation on pollution or creation of an accurate Green credit rating based on emissions of various pollutants are recommended.

引用

页码：1 / 16

页数：16

共 15 条

[1]

Berg F., 2020, MIT Sloan School Working Paper 5822-19

[2] Impossible Frontiers [J].