Abstract
In the area of investment, responsibility may be expressed via four types of ethical concern: value-based ethics resulting in the exclusion of so-called "vicious" companies from the investment portfolio; fructification-oriented ethics with a view to long-term investment; consequence-based ethics aimed at initiating a behavioural change in the investment target; and ethics envisaged as a discriminating criterion in the search of the best financial performance. No single formula of responsible investment is available, and the "responsible" approach necessarily implies the active involvement of a free acting subject striving to tackle fundamental ethical issues. The practice of responsible investment cannot be reduced to simply applying a particular legal rule or mathematical formula.
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Dembinski, P.H., Bonvin, JM., Dommen, E. et al. The Ethical Foundations of Responsible Investment. Journal of Business Ethics 48, 203–213 (2003). https://doi.org/10.1023/B:BUSI.0000004598.89426.d8
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DOI: https://doi.org/10.1023/B:BUSI.0000004598.89426.d8