Title: Investment and environmental management: the interaction between environmentally responsible investment and environmental management practice

Authors: Olaf Weber

Addresses: Swiss Federal Technical Institute Zurich, Natural and Social Science Interface and GOE, (Gesellschaft fur Organisation und Entscheidung), Sonnwendbuhel 2, A-4866 Unterach, Switzerland

Abstract: Do investors, such as environmentally responsible funds, influence firms| decisions to implement environmental management practices? We present the results of a survey analysing the implementation standards of environmental management practices subject to the influence of environmentally responsible investment funds. Results indicate that firms listed in environmentally responsible funds perform better in their environmental management practices. However, this good performance does not seem to be influenced by the desire of a firm to be listed in an environmentally responsible fund but by other reasons, i.e. a certified environmental management system.

Keywords: environmental management; environmentally responsible funds; corporate social responsibility; CSR; investment funds; sustainable development; sustainability.

DOI: 10.1504/IJSD.2006.014219

International Journal of Sustainable Development, 2006 Vol.9 No.4, pp.336 - 354

Available online: 25 Jun 2007 *

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