From Preaching to Investing: Attitudes of Religious Organisations Towards Responsible Investment [Book Review]

Journal of Business Ethics 110 (3):301-320 (2012)
  Copy   BIBTEX

Abstract

Religious organisations are major investors with sometimes substantial investment volumes. An important question for them is how to make investments in, and to earn returns from, companies and activities that are consistent with their religious beliefs or that even support these beliefs. Religious organisations have pioneered responsible investment. Yet little is known about their investment attitudes. This article addresses this gap by studying faith consistent investing. Based on a survey complemented by interviews, we investigate religious organisations’ attitudes towards responsible investment including opinions, practices and the impediments for implementing faith consistent investing. Although our results cannot be generalised because of the non-random character of our sample, six main characteristics of faith consistent investing are drawn: investing is not perceived as being in contradiction with religious values, religious values are important drivers, there is a strong community around faith consistent investing, religious investors are pioneering impact investing, implementing faith consistent investing is not without difficulties, and practices vary across regions. The survey also reveals that faith consistent investing has many commonalities with secular responsible investors.

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 90,221

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Socially Responsible Investing in the United States.Steve Schueth - 2003 - Journal of Business Ethics 43 (3):189 - 194.
What are Your Investments Doing Right Now?Joakim Sandberg - 2011 - In Wim Vandekerckhove, Jos Leys, Kristian Alm, Bert Scholtens, Silvana Signori & Henry Schäfer (eds.), Responsible Investment in Times of Turmoil. Springer. pp. 165--177.
Fiduciary Duty and Socially Responsible Investing.George R. Gay - 2003 - Philosophy in the Contemporary World 10 (1):49-54.
Healthy investments in investing in health.Derek Yach - 2001 - Journal of Business Ethics 33 (3):191 - 198.
Information Asymmetry and Socially Responsible Investment.Mark Jonathan Rhodes - 2010 - Journal of Business Ethics 95 (1):145 - 151.
The ethics of investing.William B. Irvine - 1987 - Journal of Business Ethics 6 (3):233 - 242.
The "Ethics" of Ethical Investing.Mark S. Schwartz - 2003 - Journal of Business Ethics 43 (3):195 - 213.

Analytics

Added to PP
2012-01-05

Downloads
48 (#291,517)

6 months
13 (#117,898)

Historical graph of downloads
How can I increase my downloads?