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From integration to impact - a new investment climate for Germany's SRI landscape

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  • Thomas Steiauf
  • Henry Schäfer

Abstract

For a long time Germany has been an underperformer in Socially/Sustainable and Responsible Investment (SRI) which are typically based on mutual investment funds. As many Cooperative and Savings Banks now very successfully offer investments into bio energy or solar projects/companies (among others), SRI seems to stand at the edge of a relaunch. This paper examines the current situation and trends regarding the German market of SRI in the field of climate protection funds, the availability of its products and their perception by private retail investors. As a starting point for further empirical research, the paper describes the derivation of a research question that consists of an analysis of German retail investors' preferences for climate change related investments in mutual funds. Along with this, we describe the research methodology with which we intend to find out how the financial market in Germany and its financial institutions can ease the change in energy policy and climate change in Germany when designing climate protection fund products that match the preferences of the investors.

Suggested Citation

  • Thomas Steiauf & Henry Schäfer, 2014. "From integration to impact - a new investment climate for Germany's SRI landscape," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 4(1), pages 38-60, January.
    • Handle: RePEc:taf:jsustf:v:4:y:2014:i:1:p:38-60
    DOI: 10.1080/20430795.2014.887347
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    1. Felix Groba & Jing Cao, 2015. "Chinese Renewable Energy Technology Exports: The Role of Policy, Innovation and Markets," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 60(2), pages 243-283, February.
    2. Scholand, Markus, 2004. "Triple Bottom Line Investing und Behavioral Finance : Investorenverhalten als Determinante der Entwicklung nachhaltiger Anlageprodukte," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 22549, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    3. Hamilton, Ian, 2007. "Why the Climate Change Debate has not Created more Cleantech Funds in Sweden," Sustainable Investment and Corporate Governance Working Papers 2007/2, Sustainable Investment Research Platform.
    4. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801, November.
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    Cited by:

    1. Maria Carolina Rezende de Carvalho Ferreira & Vinicius Amorim Sobreiro & Herbert Kimura & Flavio Luiz de Moraes Barboza, 2016. "A systematic review of literature about finance and sustainability," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 6(2), pages 112-147, April.

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