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Valuation of the Environmental Effects of Socially Responsible Investments in Europe

Department of Finance and Banking, WSB University in Poznan, 61-874 Poznan, Poland
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Sustainability 2020, 12(23), 9855; https://doi.org/10.3390/su12239855
Received: 29 October 2020 / Revised: 15 November 2020 / Accepted: 17 November 2020 / Published: 25 November 2020
(This article belongs to the Special Issue Sustainable Financial Markets II)
This paper evaluated the environmental effects of socially responsible investments (SRIs) in European countries and analyzed the differentiation between them in terms of SRIs and selected features in the environmental dimension. The first section of the paper discusses contemporary trends in Europe and in certain European countries, whilst the second compares SR environmental investments and environmental factors in selected European countries from a multidimensional perspective. The aim of the study was to identify and evaluate these trends as well as to find similarities and differences between European countries, and subsequently to indicate groups of countries with similar approaches to pro-ecological investments. In order to solve the problem, descriptive and multidimensional statistical methods were used, namely correspondence analysis (CA). Although the research results clearly revealed upward tendencies in the volume of SR environmental investments in the analyzed period, they nonetheless represent a relatively low share in the total number of socially responsible investments. The overall growth in SRIs in Europe may have resulted from the more intense activities of policymakers in some countries as a consequence of concluding agreements reached during the 21st Conference of the Parties (COP21) in 2015. The results of the study also revealed no significant correlations between SR environmental investments and environmental variables among the European countries analyzed; hence, there is no substantial evidence that investors’ assets contribute to the improvement of the environment. View Full-Text
Keywords: ethical finance; socially responsible investment; themed investment; ecology; environmental protection; ecological relationship modeling ethical finance; socially responsible investment; themed investment; ecology; environmental protection; ecological relationship modeling
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MDPI and ACS Style

Janik, B.; Maruszewska, K. Valuation of the Environmental Effects of Socially Responsible Investments in Europe. Sustainability 2020, 12, 9855. https://doi.org/10.3390/su12239855

AMA Style

Janik B, Maruszewska K. Valuation of the Environmental Effects of Socially Responsible Investments in Europe. Sustainability. 2020; 12(23):9855. https://doi.org/10.3390/su12239855

Chicago/Turabian Style

Janik, Bogna, and Katarzyna Maruszewska. 2020. "Valuation of the Environmental Effects of Socially Responsible Investments in Europe" Sustainability 12, no. 23: 9855. https://doi.org/10.3390/su12239855

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