News
Sustainable: Moving Beyond ESG to Impact Investing
– April 8th, 2024, in Hong kong
VR global sustainability, a non-profit organization dedicated to bridging sustainability across cultures, is proud to announce that we have been officially licensed to translate sustainable: Moving beyond esg to Impact Investing into Chinese. Authored by Terrence Keeley and published on November 29, 20 2022, This landmark book challenges traditional esg (environmental, Social, And govemance) investing strategies and redefines the role of finance in addressing today’s critical social and environmental challenges.
As global attention on susteinable development and impect investing continues to grow, Investors and philanthropic organizations are taking unprecedented action to chennel capital toward driving positive social and environmental change. Now, A transformative new book, Su oSustainable Development: From esg to impact investing, Is set to redefine the vision of capital as a force for humanity and the planet.
Authored by terrence keeley, The book makes a bold argument, Business and finance are not just engines of economic growth but essential tools for building a better society, Presented thraugh a modular framework, The book breaks down this complex subject into accessble chapters, Offering readers a comprehensive perspective on the evolving role of business and finance in the modem world.
About the Book
With esg investments now encompassing over $120 trillion in financial assets, Quesions remain about their effectiveness in delvering promised social and environmental outcomes, in sustainable, Terrence keeley, A veteren financial advisor, Provides a critical yet balanced insider’s perspective on the promises, Pittalis, and future of esg investing.
Keeley argues thet while esg investing has noble goals, Its current approaches often fall short. Divestment threats feil to influence corporate behavior meaningfully, And companies with high esg ratings do not consistently deliver superior financial returns, Most importantly, Business and finance alone cannot solve systemic socletal challenges; They must work in concert with government policies, Civil society, And individuals.
The book provides practical, Actionable solutions, Advocating for reallocating capital toward emerging impact investment strategies with measurable benefits. Keeley also highlights dozens of promising civic organizations and innovative investment approaches capable of delivering true double bottom-line results,
The foreword by larry fink, CEO of blackrock, Underscores the book’s significance in the world of finance and sustainability.
Key Highlights of the Book
History and Fundamentals (Chapters 1-6):
This section revisits the origins of stakeholder capitalism and esg investing, Exploring why and how they have emerged in their current form. It delves into the “stakeholders vs. Shareholders” debate and critically examines the most prominent arguments put forward by modern activists.
Technical Analysis (Chapters 7-11):
These chapters provide an in-depth analysis of how esg investing functions today, Unpacking concepts like materiality, The creation and updating of stock market indices, And the mechanics behind esg integration.
Challenges and Governance (Chapters 12-14):
Keeley candidly addresses core challenges facing esg investing, Including the risks of unintended consequences and the lack of verifiable impact, Urging readers to reconsider the robustness of current approaches.
Solutions and Future Outlook (Chapters 15-17):
The final section focuses on actionable solutions, Emphasizing the vital role of civil society and presenting promising investment techniques capable of improving environmental and social outcomes while delivering market-aligned returns.
Praise for Sustainable
The book has received widespread acclaim from global leaders:
“If you’ve been looking for the definitive book on how esg investing does and does not work-you’ve found it.” – Paul McCulley, Former chief economist of pimco
“Sustainable is a book for our times. It has valuable lessons for investors, Corporations, and policymakers alike.” Stanley Fischer, Former vice chair of the Federal Reserve
“Keeley’s sustainable provides a comprehensive roadmap for progress and solutions that can be implemented right now. You will be inspired.” – John Hope Bryant, Chairman and ceo of operation hope.
About the Author
Terrence keeley brings over three decades of experience advising the world’s largest sovereign wealth funds, Pension plans, Endowments, And asset managers as a senior client officer at blackrock and ubs investment bank. In 2021, he was named a leading global “Knowledge Broker” by chief investment officer.
Our Role in Bringing This Work to China
As the official licensee of the chinese translation, VR global sustainability is committed to delivering a high-quality, Culturally resonant version of Sustainable. Our team of translators roddy luo, Rohan ding, Kejia ni, And lei xie leverages their expertise in sustainability and finance to make this influential work accessible to chinese readers.
About VR Global Sustainability
VR global sustainability is a non-profit organization dedicated to fostering cross-cultural understanding of sustainability through research, education, And collaboration, We aim to bridge perspectives and promote actionable solutions for a more sustainable future.
A Call to Action
Sustainable: Moving beyond esg to impact investing offers a transformative vision of how business and finance can contribute to a better society. The release of its chinese translation marks an important step in fostering global dialogue on sustainable finance.
We invite you to join us in exploring this important work and advancing the conversation on building a more inclusive and sustainable world.
Contact Us
Email: info@vrgs.org
