Strengthening Environmental, Social, and Governance Investment under COVID-19
While greater investment is needed to support recovery in the wake of the pandemic, the longer-term outlook for economies depends on new capital flows.
While greater public and private investment is needed to support economic recovery in the wake of the coronavirus disease (COVID-19), the longer-term outlook for economies depends on new capital flows that consider the advancement of sustainable growth, environmental conservation, and human rights and safety. Environmental, social, and governance (ESG) investment has been increasing steadily, even during the pandemic, and can play a pivotal role in solving environmental and social problems by altering the use of private funds. However, major obstacles to its onward growth include unclear and dispersed criteria for sustainable investment, a lack of corporate disclosure, and incomplete methodologies for assessing nonfinancial information.
Strengthening Environmental, Social, and Governance Investment under COVID-19 investigates the conditions needed to promote ESG investment and offers insights on leveraging ESG factors to accelerate sustainable economic development in Asia. The book includes timely discussions on ESG investment’s role in building a sustainable society under crisis, the effectiveness of ESG scoring, and the future direction of ESG regulation and policy frameworks after the COVID-19 pandemic.
- Introduction by Tetsushi Sonobe and Naoko Nemoto
- 1. ESG and Sustainable Investment Anchored by Long-Term Enterprise Value Creation: Behind Japan’s Drive for ESG Investment and Sustainability by Satoshi Ikeda
- 2. Japan’s Green, Social, and Sustainability Bond Market: Recent Trends and Future Outlook by Akane Enatsu
- 3. ESG Investment and the Allocation of Portfolio Assets by Naoyuki Yoshino and Tomonori Yuyama
- 4. The Resilience of Green Stocks During COVID-19: A Clustering Approach by Giovanni Maria Bonagura, Luca D’Amico, Alessio Iacopino, Lorenzo Prosperi, and Lea Zicchino
- 5. ESG Evaluation and Organizational Attractiveness for Prospective Employees: Evidence from Japan by Lian Liu and Naoko Nemoto
- 6. Resurgence of ESG Investments in India: Toward the Making of a Sustainable Economy by Gopal K. Sarangi
- 7. Global Economic Assessment of Renewable Energy for ESG Investment in Asia Using a Dynamic Global Trade Analysis Project Model by Michael C. Huang, Ming-Huan Liou, Hajime Tanaka, and Nagisa Shiiba