{"title":"How Useful Is a Prospectus in Identifying Greenwashing versus True ESG Funds?","authors":"Min Li, Michael Melvin","doi":"10.2139/ssrn.4503729","DOIUrl":null,"url":null,"abstract":"Many funds have “ESG” in their names, suggesting they hold a portfolio of stocks or other assets issued by firms that rank highly on ESG criteria. However, names may be misleading and actual portfolio holdings often do not reflect ESG investing criteria so that investors in such funds end up with a “brown” portfolio instead of the “green” portfolio they desired. The authors study the prospectuses of funds with ESG in their names and find that prospectus language is not useful in identifying true ESG funds from “greenwashing” funds that do not invest according to ESG principles.","PeriodicalId":74863,"journal":{"name":"SSRN","volume":"4 1","pages":"109 - 127"},"PeriodicalIF":0.0000,"publicationDate":"2023-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"SSRN","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.4503729","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
Many funds have “ESG” in their names, suggesting they hold a portfolio of stocks or other assets issued by firms that rank highly on ESG criteria. However, names may be misleading and actual portfolio holdings often do not reflect ESG investing criteria so that investors in such funds end up with a “brown” portfolio instead of the “green” portfolio they desired. The authors study the prospectuses of funds with ESG in their names and find that prospectus language is not useful in identifying true ESG funds from “greenwashing” funds that do not invest according to ESG principles.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
