A framework for managing a portfolio of socially responsible investments
In this paper we present and illustrate using real-life data a framework for managing an investment portfolio in which the investment opportunities are described in terms of a set of attributes and part of this set is intended to capture the effects on society. Here we link with the emerging literature on SRI: socially responsible investment. Given the multi-attribute descriptions of the individual investment opportunities we show how these can be combined into portfolios with the same attributes at the portfolio level. Also we show how a manager can systematically be supported in the choice between different portfolio profiles. As part of the framework we use multi-criteria decision tools.
|Keywords||Socially responsible investments (SRI), multi-criteria analysis, portfolio management, sustainable development|
|Persistent URL||dx.doi.org/10.1016/S0377-2217(03)00172-3, hdl.handle.net/1765/10686|
Hallerbach, W.G.P.M., Ning, H., Soppe, A.B.M., & Spronk, J.. (2004). A framework for managing a portfolio of socially responsible investments. European Journal of Operational Research, 153(2), 517–529. doi:10.1016/S0377-2217(03)00172-3