Socially Responsible Investment Law

Socially Responsible Investment Law : Regulating the Unseen Polluters

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Socially 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 through credit unions; and, for all financiers, providing a better mix of economic incentives and informational resources for more

Product details

  • Hardback | 624 pages
  • 162 x 236 x 46mm | 1,020.58g
  • Oxford University Press Inc
  • New York, United States
  • English
  • 7 line drawings
  • 0195333454
  • 9780195333459
  • 1,341,423

Review quote

Richardson'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 *show more

About Benjamin Richardson

Professor Benjamin J. Richardson specializes in environmental and financial law at Osgoode Hall Law School in Toronto, Canada. His previous publications include Environmental Law for Sustainability (Hart Publishing, 2006) and Environmental Justice and Market Mechanisms (Kluwer, 1999). He is a member of the IUCN Environmental Law Commission and the IUCN Academy of Environmental more

Table of contents

The 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 Investmentshow more