Screening recent studies about incorporating environmental, social and governance criteria in the investment process of institutional investors: scoping review

This study aims to examine relevant research on the integration of environmental, social, and governance (ESG) factors into the investment decision-making processes of institutional investors. By doing so, it seeks to promote sustained returns that drive value and foster growth. The research inv...

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Bibliographic Details
Main Authors: Khadija ARHILAS, Hassan BOUGANTOUCHE
Format: Article
Language:English
Published: Moroccan Association for Applied Science and Innovation 2025-02-01
Series:Moroccan Journal of Quantitative and Qualitative Research
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Online Access:https://revues.imist.ma/index.php/MJQR/article/view/53296
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Summary:This study aims to examine relevant research on the integration of environmental, social, and governance (ESG) factors into the investment decision-making processes of institutional investors. By doing so, it seeks to promote sustained returns that drive value and foster growth. The research involved identifying and analyzing literature on ESG integration within the investment decisions of institutional investors. Data for this study was collected from three major databases: Web of Science, ScienceDirect, and JSTOR. Keywords related to environmental, social, and governance criteria, investment decisions, and sustainable investments were used, with a focus on institutional investors. The studies selected for review were required to address both sustainability (ESG) and investment themes and to have been published in English between 2018 and 2022. Upon reviewing the selected studies, a significant gap was identified: there is limited research exploring the role of ESG criteria in the investment decision-making processes of institutional investors in Africa, particularly in Morocco. Notably, and to the best of our knowledge, no published studies have examined the influence of ESG factors on investment decision-making in Moroccan companies or the Moroccan stock market. Instead, most articles only focus on the impact of ESG risks on financial performance.
ISSN:2665-8623