TFL Vsebine / Revija SIR*IUS

How responsible investing is changing the investment criteria

Za koncept odgovornega investiranja je v zadnjih letih značilen znaten razvoj, vse bolj pa je tudi vključen v investicijske strategije in investicijske procese družb za upravljanje premoženja. Odgovorno investiranje poudarja pomen okoljskih, družbenih in upravljavskih dejavnikov pri investicijskih odločitvah. S tem prispeva ne le k trajnostnemu razvoju, ampak tudi k višji dolgoročni tveganju prilagojeni donosnosti naložb in s tem k izpolnjevanju fiduciarne dolžnosti, ki jo imajo družbe za upravljanje. V članku obravnavamo, kako odgovorno investiranje spreminja tradicionalne investicijske kriterije, predstavimo glavne strategije odgovornega investiranja ter raziščemo vpliv teh pristopov na vrednotenje podjetij.

The concept of responsible investing has experienced significant development in recent years and is becoming increasingly integrated into the investment strategies and investment processes of asset management companies. Responsible investing emphasizes the importance of environmental, social, and governance factors in investment decisions. This contributes not only to sustainable development but also to higher long-term risk-adjusted returns of investments and fulfilment of the fiduciary duty of asset management companies. The article addresses how responsible investing is changing traditional investment criteria, presents the main strategies of responsible investing, and explores the impact of these approaches on corporate valuation.