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Environmental, Social, and Governance Investing : A Primer for Central Banks’ Reserve Managers

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collection.link.77
https://openknowledge.worldbank.org/handle/10986/2185
collection.name.77
Other Financial Sector Study
dc.contributor.author
Bouye, Eric
dc.contributor.author
Klingebiel, Daniela
dc.contributor.author
Ruiz, Marco
dc.date.accessioned
2021-09-20T16:57:52Z
dc.date.available
2021-09-20T16:57:52Z
dc.date.issued
2021-03-01
dc.date.lastModified
2021-09-21T05:10:40Z
dc.description.abstract
This primer responds to central banks’ growing demand for knowledge on social, governance, and environmental considerations (ESG) in the investment process. This area has gained traction in the last two decades. More recently, central banks’ interest in ESG has increased, but much of the information available is aimed at investors with different investment objectives and broadly diversified portfolios. The authors fill that information gap by reviewing the definitions of ESG and the main ESG investment approaches, including their applicability to asset classes. The authors then examine how foreign reserve managers can apply ESG investing in their reserve management operations. The authors find limited scope for implementing ESG strategies in reserve management, given that most central banks still invest primarily in sovereign bonds of major economies. Yet, the authors also identify opportunities and critical considerations for central banks interested in implementing ESG investing in their reserve management operations.
en
dc.identifier
http://documents.worldbank.org/curated/undefined/677271630474233931/Environmental-Social-and-Governance-Investing-A-Primer-for-Central-Banks-Reserve-Managers
dc.identifier.uri
http://hdl.handle.net/10986/36285
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ENVIRONMENTAL SUSTAINABILITY
dc.subject
SOCIAL INCLUSION
dc.subject
RESPONSIBLE INVESTMENT
dc.subject
PUBLIC INVESTMENT MANAGEMENT
dc.subject
CENTRAL BANK
dc.subject
RESERVE MANAGEMENT
dc.subject
ASSET ALLOCATION
dc.subject
GREEN BONDS
dc.title
Environmental, Social, and Governance Investing
en
dc.title.subtitle
A Primer for Central Banks’ Reserve Managers
en
dc.type
Report
en
okr.date.disclosure
2021-09-01
okr.date.lastmodified
2021-09-01T00:00:00Z
en
okr.doctype
Economic & Sector Work :: Other Financial Sector Study
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/undefined/677271630474233931/Environmental-Social-and-Governance-Investing-A-Primer-for-Central-Banks-Reserve-Managers
okr.googlescholar.linkpresent
yes
okr.guid
677271630474233931
okr.identifier.externaldocumentum
090224b08892fc63_1_0
okr.identifier.internaldocumentum
33380661
okr.identifier.report
163525
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/677271630474233931/pdf/Environmental-Social-and-Governance-Investing-A-Primer-for-Central-Banks-Reserve-Managers.pdf
en
okr.topic
Public Sector Development :: Public Investment Management
okr.topic
Environment :: Green Issues
okr.topic
Finance and Financial Sector Development :: Finance and Development
okr.topic
Finance and Financial Sector Development :: Financial Sector and Social Assistance
okr.topic
Finance and Financial Sector Development :: Financial Structures
okr.unit
Treasury Asset Management & Advisory Department

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