A Survey of UK‐Based Ethical and Sustainable Fund Managers’ Investment Processes Addressing Plastics in the Environment

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

Some ethical and sustainable fund managers have reflected concern about plastic pollution in their investment selections. A questionnaire was designed to explore their commitment for addressing this issue within their investment policies, rather than short-term initiatives. Twelve selected UK-based fund management firms covering 20 funds deemed to have superior ethical investment policies completed the questionnaire. The results suggest that while efforts are being made, the commitment by fund managers to address plastics may be somewhat weak. Plastics may not be taken as seriously as more traditional ethical and sustainability issues such as the “sextet of sin,” animal rights, and fossil divestment. Activity appears to focus on company engagement, which runs a risk of being short term in character. Specific recommendations have been made to strengthen ethical and sustainable fund managers' investment policies on plastics. The findings and recommendations of this chapter should enable fund managers to take an active role in supporting wider efforts to address the damaging effects of plastic waste, the chemical toxicity threats it poses, and its harmful effects on wildlife and sea creatures, and they are also supported by several broader policy recommendations.
Original languageEnglish
Title of host publicationEnvironmental Policy: An Economic Perspective
EditorsThomas Walker, Northrop Sprung-Much, Sherif Goubran
PublisherWiley-Blackwell Publishing Ltd
Chapter16
Pages269-297
Number of pages29
ISBN (Electronic)9781119402558
ISBN (Print)9781119402596, 9781119402619
DOIs
Publication statusPublished - 7 Aug 2020
Externally publishedYes

Bibliographical note

Q122

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Environmental Science(all)

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