Sustainable finance and a Shari' analysis of environmental, social and governance (ESG) criteria
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Over recent years, sustainability has been important topic of interest among researchers and practitioners in finance, evidenced by the remarkable increase in the number of research studies and regulations on the topic (Clark et al., 2015). Initiatives on sustainability include the concepts of Sustainable Investment, Sustainable Responsible Investing (SRI), Corporate Social Responsibilities (CSR) and Environmental, Social and Governance (ESG) (Cheng et al., 2014). In addition, several reporting standards have been issued by accounting bodies to facilitate reporting of ESG based activities of firms in their financial reporting.
ESG , Shari'ah , Islamic finance , Ethical finance
Ma'ruf, A., Mahomed, Z., & Ramadili Mohd, S. M. (2021). Sustainable finance and a Shari' analysis of environmental, social and governance (ESG) criteria. In M. Kabir Hassan, Mehmet Sarac & Ashraf Khan (Eds.), Islamic finance and sustainable development: a sustainable economic framework for Muslim and non-Muslim countries (pp. 193-217). Cham, Switzerland: Palgrave Macmillan.