12. Responsible consumption and production
8. Decent work and economic growth
2nd place - CFA Society Portugal Award
“Responsible Minus Irresponsible (RMI) - A determinant of equity risk premia?”
This study is a novel approach to explain the relationship between ESG and financial performance. It adopts a new method for constructing an ESG-size portfolio that eliminates the inherent correlation between size and ESG. This is a zero initial investment portfolio which goes long in responsible companies and short in irresponsible companies, called” Responsible Minus Irresponsible” (RMI). The findings suggest that ESG represents a pricing anomaly but does not act as an independent risk factor that can be used to in Asset Pricing Theory. During the Corona crisis, the RMI portfolio produced on average negative returns.
We all have a role to play
With just ten years to go, an ambitious global effort is underway to deliver the 2030 promise. We want to take a stand and we are calling on our community to showcase how they are contributing to the 17 Sustainable Development Goals, whilst influencing more and more people to unravel their role to play.
Here, you will find four different ways your ideas can flourish, dialogue can be enhanced, and action can take place. You can choose one or all four, and Nova SBE will be there to support you all the way and guarantee tangible change.
We all have a role to play, and this is your way in.