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Impact investments : a call for (re)orientation
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dc.contributor.author | Busch, Timo | |
dc.contributor.author | Bruce-Clark, Peter | |
dc.contributor.author | Derwall, Jeroen | |
dc.contributor.author | Eccles, Robert | |
dc.contributor.author | Hebb, Tessa | |
dc.contributor.author | Hoepner, Andreas | |
dc.contributor.author | Klein, Christian | |
dc.contributor.author | Krueger, Philip | |
dc.contributor.author | Paetzold, Falko | |
dc.contributor.author | Scholtens, Bert | |
dc.contributor.author | Weber, Olaf | |
dc.date.accessioned | 2021-02-10T10:30:30Z | |
dc.date.available | 2021-02-10T10:30:30Z | |
dc.date.issued | 2021-01-13 | |
dc.identifier.citation | Busch , T , Bruce-Clark , P , Derwall , J , Eccles , R , Hebb , T , Hoepner , A , Klein , C , Krueger , P , Paetzold , F , Scholtens , B & Weber , O 2021 , ' Impact investments : a call for (re)orientation ' , SN Business & Economics , vol. 1 , no. 2 , 33 . https://doi.org/10.1007/s43546-020-00033-6 | en |
dc.identifier.issn | 2662-9399 | |
dc.identifier.other | PURE: 272812639 | |
dc.identifier.other | PURE UUID: 136513ab-71c1-436d-868e-1b83ea9a2155 | |
dc.identifier.other | Bibtex: af1ea03337824e8196113064ba70d8af | |
dc.identifier.other | ORCID: /0000-0001-5774-5191/work/88731148 | |
dc.identifier.uri | https://hdl.handle.net/10023/21402 | |
dc.description | Open Access funding enabled and organized by Projekt DEAL. | en |
dc.description.abstract | Practitioners as well as academics have been using different terms to describe investments in the sustainability context. The latest inflationary term is impact investments – investments that focus on real world changes in terms of solving or mitigating social challenges and/or ecological degradation. At the core of this definition is an emphasis on transformational changes. However, the term impact investments is often used interchangeably for any investment that incorporates environmental, social, and governance (ESG) aspects. In the latter instance, achieving transformational change is not the main purpose of such investments, which therefore carries the risk of impact washing (akin to “green washing”). In order to offer (re-)orientation from an academic perspective, we derive a new typology of sustainable investments. This typology delivers a precise definition of what impact investments are and what they should cover. As one central contribution, we propose distinguishing between impact-aligned investments and impact-generating investments. Based on these insights, we hope to lay the foundation for future research and debates in the field of impact investing by practitioners, policy makers, and academics alike. | |
dc.format.extent | 13 | |
dc.language.iso | eng | |
dc.relation.ispartof | SN Business & Economics | en |
dc.rights | Copyright © The Author(s) 2021. Open Access. This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/. | en |
dc.subject | Financial markets | en |
dc.subject | Impact investing | en |
dc.subject | Sustainable investment | en |
dc.subject | Impact generation | en |
dc.subject | ESG | en |
dc.subject | HB Economic Theory | en |
dc.subject | T-NDAS | en |
dc.subject.lcc | HB | en |
dc.title | Impact investments : a call for (re)orientation | en |
dc.type | Journal article | en |
dc.description.version | Publisher PDF | en |
dc.contributor.institution | University of St Andrews. School of Management | en |
dc.contributor.institution | University of St Andrews. Centre for Responsible Banking and Finance | en |
dc.identifier.doi | https://doi.org/10.1007/s43546-020-00033-6 | |
dc.description.status | Peer reviewed | en |
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