L’éthique de l’investissement responsable: Comment intégrer l’éthique dans l'analyse des investissements

Translated title of the contribution: Ethics in responsible investment: How to incorporate ethics into investment analysis

Shunsuke Sugimoto

Research output: Contribution to journalArticlepeer-review

Abstract

This paper examines ethics in finance, specifically related to responsible investment. In recent years, socially responsible principles are becoming the de facto standard not only for socially responsible but also for profitable investing. For instance, the United Nations developed the Principles for Responsible Investment (PRI) in 2006, which require institutional investors to incorporate ESG (Environmental, Social and Governance) issues into investment analysis and decision-making processes. This raises the following question: can responsible investments be justified from an ethical point of view? In this paper I first explain responsible investments. Then, I turn to the ethical foundation of responsible investments. There are two arguments for responsible investments. I argue that both fail. Therefore, my conclusion is that the ethical foundation of responsible investments is not firm.

Translated title of the contributionEthics in responsible investment: How to incorporate ethics into investment analysis
Original languageFrench
Pages (from-to)15-22
Number of pages8
JournalRevue Roumaine de Philosophie
Volume62
Issue number1
Publication statusPublished - 2018 Jan 1
Externally publishedYes

Keywords

  • Conscientiousness
  • Ethics in finance
  • Evil-company principle
  • PRI
  • Responsible investments

ASJC Scopus subject areas

  • Philosophy

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