ESG投资价值与ESG指数投资.docx

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1、esg1esg4esg2esg5esg30.20.10-0.I-0.2-0.3-0.422.0%21.0%20.5%20.0%19.5%19.0%18.0%ESG0M#]t#esglesg2esg3esg4esg5'Friede,Busch,Bassen(20l5)@iJ7g1970&R2014&Ö2000KESG]0N&U›&ÜkkßQQESGA4Gregory›TharyanfiWhittakerí2014)J&TT*a@ESGI]Ą@$]5100%3.5%80%3.0%60%2.5%40%2

2、.0%20%1.5%0%1.0%-20%0.5%-40%0.0%-60%20141220150620l5l22016062016t22017062017l220180620l8ì2-0.5%'Tx*)(KEsG2?),6I%*+ż'9AŻ9?Ł*ŸM*),.6ESGÀíí1QROE@k2018QQ2015100esglesg2esg3esg4esg5esg1esg4esg2esg5esg30.20.10-0.1-0.2-0.4300%250%200%150%100%50%omín*2018Qesg

3、lesg2esg3esg4esg57jJN@J@Q]›Eccles.loannouHSerafeim2014À)Ç&&106420esglesg2esg3esg4esg51.152.5max1.11.0510.950.90.850.8esg1esg2esg3esg4esg52min-92%91%90%89%gg•/87%86%85%2362302241.6%2.0%2.1%2.1%3.4%2.5%5.7%6.1%6.8%7.4%12.1%9.4%I1.2%9.4%8.2%TL3%T0.3%

4、41.1%38.2%0.0%10.0%20.0%30.0%40.0%50.0%•300ESG•i§N3000.612.1%12.2%2.0%2.1%/¢@300300ESGi¢Å300300ESGj,P@300300ESGROE11Á2MßEi%ß$—5Æ&(2017.6-2020.2)K300300ESG201712.7%16.5%2018-25.3%-24.3%201936.1%36.6%2020-3.8%1.3%ł.3%7.4%7.6%5.6%20.1%28.0%140012001000800

5、60040020008%¢%3007%6%5%4%3%2%0%-1%120.90.612.1%12.4%2.0%2.0%I@Ñ300300ESGIPR300300ESG)ÃÜ300300ESGROE42.5/544%ºò.1%8.4%11.2%412%38.2%1314006%4%2%0%300ESG201712.7%17.6%2018-25.3%-24.9%201936.1%36.8%2020-3.g%-4.4%ț3°/ø1.5%7.4%7.7%3.3%5.5%19.6%20.5%17.0%27.

6、0%12001000800600400200!411.2210.167.600.640.750.790.90.7300ESG@■iPÅ300■300@■300ESGQPE10%ESG@201715.2%18.4%2018-19.1%-24.8%201924.1%37.8%2020-8.6%-5.4%ØU—11-3.3%0.7%ØUH-2.9%7.9%Q]Ø@2.j%5.8%20.3%28.0%140012001000800600400200015