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Autor
Buks Andrew G. (Black Hills State University, College of Business and Natural Sciences, Spearfish, SD, U.S.A), Sobański Konrad (Poznań University of Economics and Business)
Tytuł
Divest or Engage? Effective Paths to Net Zero from the U.S. Perspective
Źródło
Economics and Business Review, 2023, vol. 9 (23), nr 1, s. 65-93, rys., tab., bibliogr. 99 poz.
Słowa kluczowe
Strategia inwestycyjna, Dezinwestycje, Dekarbonizacja, Zmiany klimatyczne, Studium przypadku
Investment strategy, Disinvestment, Decarbonization, Climate change, Case study
Uwagi
Klasyfikacja JEL: G10, G11, G15, G24
summ.
Kraj/Region
Stany Zjednoczone Ameryki
United States of America (USA)
Abstrakt
The aim of this article is to critically review and evaluate two ESG-based investment strategies-divestment and engagement for alignment of investment portfolios with climate change mitigation goals of the United Nations. The article compares both approaches in terms of their effectiveness of decarbonization, using the case study method. First, the case on fossil fuels divestment by Harvard Management Company is analysed. The second case study discusses shareholder engagement endeavors by Engine No. 1 hedge fund and its investment in ExxonMobil. The findings indicate that divestment may have non-immediate impact on corporate behavior and carries political and legal retribution risks. Engagement, on the other hand, presents itself as a more plausible option as it takes less time to deploy and, therefore, can produce more immediate and impactful results. Nevertheless, both divestment and engagement can play mutually supportive roles in addressing climate change by the investment industry. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Pełny tekst
Pokaż
Bibliografia
Pokaż
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Cytowane przez
Pokaż
ISSN
2392-1641
Język
eng
URI / DOI
https://doi.org/10.18559/ebr.2023.1.3
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