Value or values: the creation of value or value(s) by the green company
by Maurice Nussenbaum, published on the Option Finance website on March 15, 2024.
Value or values: the creation of value or value(s) by the green company (1)
Is the green company a creator of financial value, or does it aim solely to satisfy societal values linked to the sustainable economy (value(s)), as stated by Laura Starks in her Presidential Address to the American Finance Association in 2023, and which we developed in our contribution to the collective work, Finance Durable. To answer this question, we need to answer several sub-questions:
– Is there a correlation between CSR performance and financial performance (1)?
– Are there differences between ESG and non-ESG investors (2)?
– What are the benefits of CSR investments (3)?
– How do CSR investments create value (4)?
– How does the value(s) approach change our understanding of the universe of possible investments (5)?