Understanding the use of sustainability information by the financial world: ESG integration process and its influences
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- This thesis explores the use of sustainability information, also known as ESG information, by asset management firms. The goal is to bridge the gap between the information reported by companies and the information needed by professional investors. In order to understand this use, I analyze financial institutions’ motivation to integrate ESG information, their ESG strategies as well as their use of ESG content and sources during the various phases of the investment decision process. Finally, I develop the factors that influence the integration of ESG into this investment decision process and propose an associated model. More particularly, this thesis examines two recent developments on the financial landscape, the Covid-19 pandemic and the European taxonomy.