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International Corporate Responsibility Series

Volume 2, 2005

Perspectives On International Corporate Responsibility

Jacob Park
Pages 101-108
DOI: 10.5840/icr2005215

Beyond Good Intentions
New Directions for Investing in Sustainability

This paper examines the rise of socially responsible investment (SRI) as a sustainable finance mechanism and discusses the potential of SRI in steering the banking and financial services industry toward a more socially responsible and environmentally sound model of commerce. I argue in this paper that the potential of SRI to serve as a sustainable business mechanism to steer the global financial market toward a new ethical architecture depends on two related factors: (a) continuing institutional and social pressures for greater corporate transparency, and (b) the ability of SRI to become a viable financial instrument outside its traditional markets in emerging and developing economies.