Chapter One: The Rise of Responsible Investing -- Chapter Two: The Pandemic Years: The definitive polycrisis -- Chapter Three: Blowback: Critics assail responsible investing from all sides — are they right? -- Chapter Four: Why Responsible Investing Matters: A Tour Through Asset Classes --...

We explore a novel survey on responsible investing by institutional investors around the world and match it to archival data on their equity portfolio holdings. We document that institutions that publicly commit to responsible investing exhibit better environmental, social, and governance (ESG)...