Sustainable

Moving Beyond ESG to Impact Investing

Terrence Keeley

$49.95

Hardback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Columbia University Press
22 January 2023

Investment & securities

"The global economy is at a crossroads. Can finance fix it? Proponents of environmental, social, and governance (ESG) investing say yes. They claim that new financial strategies that consider all stakeholders are essential tools for addressing runaway carbon emissions and stark income inequality, among other ills. ESG-integrated investments already encompass more than $120 trillion in financial assets. Is this approach really leading to better social and environmental outcomes for all? If not, how can it be improved?

In Sustainable, a finance-industry veteran offers an insider's look at the promises, prospects, and limitations of ESG investing and provides comprehensive solutions that would promote more optimal outcomes. Terrence Keeley argues that too many ESG advocates have been overly optimistic about what it can accomplish. Divestment threats are ineffective tools for altering corporate behavior, and verifiably ""good"" companies do not systematically generate great returns. Most importantly, business and finance cannot achieve inclusive, sustainable growth on their own: regulators, public policies, civil society, and individuals must all play specific, complementary roles to shape the future we need. In particular, Keeley recommends reallocating capital from some indexed ESG and other products toward an emerging class of strategies with more verifiable social and environmental benefits. He identifies dozens of alternative ""impact investing"" strategies that could generate true double bottom lines. The book also highlights civic organizations with proven methodologies that can promote more inclusive, sustainable economic growth at scale.

Proposing practical and actionable solutions to social and environmental problems, Sustainable offers an incisive vision of the roles business and finance can play in building a flourishing society."

By: Terrence Keeley
Imprint: Columbia University Press
Country of Publication: United States
Dimensions: Height: 235mm, Width: 156mm,
ISBN: 9780231206808
ISBN 10: 0231206801
Pages: 320
Publication Date: 22 January 2023
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

Foreword Introduction Part 1: The Promise . . . 1. The Stakes 2. Stakeholders Versus Shareholders 3. Activists, Their Arguments—and a Little Engine That Could 4. C-Suite Insurrectionists 5. What if +1°C = −$100 trillion? 6. What’s the United Nations Got to Do with It? 7. Materiality 8. A Few Words About Indices Part 2: The Perils . . . 9. Values Versus Valuations 10. Hardwiring Corporate Goodness 11. Inside the ESG Arms Race 12. Crowded Trades 13. Let’s Speak Privately 14. Fight or Flee? Part 3: Solutions 15. Civics Lessons 16. Impact Investing at Scale 17. The 1.6 Percent “Solution” Conclusion (or How to Avert Our Failed Future) Acknowledgments Appendix: Exemplars of Hope Notes Index

Terrence Keeley has been an adviser to the world’s largest sovereign wealth funds, national pension plans, endowments, foundations, and asset managers for more than three decades as a senior client officer at BlackRock and UBS Investment Bank. In 2021, he was named a leading global “Knowledge Broker” by Chief Investment Officer.