Figure - uploaded by Colin Habberton
Content may be subject to copyright.
CRISA Principles Principle 1 An institutional investor should incorporate sustainability considerations, including ESG, into its investment analysis and investment activities as part of the delivery of superior risk-adjusted returns to the ultimate beneficiaries.

CRISA Principles Principle 1 An institutional investor should incorporate sustainability considerations, including ESG, into its investment analysis and investment activities as part of the delivery of superior risk-adjusted returns to the ultimate beneficiaries.

Source publication
Conference Paper
Full-text available
A common assumption is that institutional investor decision-making is driven by skilled financial professionals focussed on the maximisation of financial return, without providing individual contributors the opportunity to participate in the decision-making process. This paper investigates whether institutional investors, the dominant agents in inv...

Context in source publication

Context 1
... is the second code of its kind applicable to institutional investors in any country (Gordhan, 2011). Detailed in Table 2 the CRISA principles call for the integration of ESG factors into investment decision-making and management processes almost identical to PRI, including additional reference to the term sustainability, consistent to the nomenclature of King III: Principle 4 An institutional investor should recognise the circumstances and relationships that hold a potential for conflicts of interest and should proactively manage these when they occur. ...

Similar publications

Conference Paper
Full-text available
This paper aims to describe a teaching-learning experience based on Project-Based Learning (PBL). This experience is part of an educational innovation project devoted to transforming finance classes in various facets of financial advice. Specifically, the article focuses on the transformation process of a subject that studies financial markets and...
Article
Full-text available
In this article we solve the problem of maximizing the expected utility of future consumption and terminal wealth to determine the optimal pension or life-cycle fund strategy for a cohort of pension fund investors. The setup is strongly related to a DC pension plan where additionally (individual) consumption is taken into account. The consumption r...
Article
Full-text available
We uncover two channels of effect in the financial market when investor facing macroeconomic uncertainty. Conditional on a common mispricing index, we find that economic uncertainty exposure (EUE) induces disagreement, which amplifies mispricing. The highest EUE quintile produces an annualized mispricing alpha of 9%, more than double the unconditio...
Article
Full-text available
This research study addresses the problems pertain to the procrastination of finance in construction schemes, by investigating the basic problems and issues of delay. While offering appropriate solution for the problems and issues. The four major factors were explored in the review of literature: poor cash flow administration, late in terms of paym...
Article
Full-text available
Hedge funds exit financial markets simultaneously after enormous shocks, such as the global financial crisis. While previous studies highlight only fund investors’ synchronized withdrawals as the major driver of massive asset liquidations, we primarily focus on informed and rational fund managers and suggest a theoretical model that illustrates fun...

Citations

... This has been spurred by changes in legislation and the introduction of the Code for Responsible Investment in South Africa (CRISA) in 2011 (IODSA, 2011). Despite these progressions, the number of PRI signatories compared to the size of investment industry remains low (Habberton, 2014). Research has found that barriers to the growth of RI in South Africa currently appear to outweigh the drivers and enablers (Viviers, Eccles, de Jong, Bosch, Smit & Buijs, 2008;van der Ahee & Schulschenk, 2013). ...
Conference Paper
Full-text available
The paper investigates the decision-making processes of institutional investors and proposes an emergent conceptual framework that illustrates the connections between the phenomena under investigation in the context of Responsible Investing. The components of the framework were derived through the analysis of the institutional investment value chain distilled from the findings from research to date analysing academic and industry sources. In application, the proposed framework intends to provide a foundation for the second stage of primary data gathering of my PhD research project. The framework is intended be applied as a referential tool to assist with understanding the interconnection between the various topics that constitute the processes of institutional investment decision‐making towards RI.