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The financial cost of ESG investing in the Johannesburg Stock Exchange (JSE)
Mini Dissertation (MBA)--University of Pretoria, 2021.
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| Other Authors: | |
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2023
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| _version_ | 1867613630788272128 |
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| access_status_str | Open Access |
| author2 | Muller, Chris |
| author_browse | Muller, Chris |
| author_facet | Muller, Chris |
| collection | Thesis |
| dc_rights_str_mv | © 2022 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Mini Dissertation (MBA)--University of Pretoria, 2021. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/89970 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:39:12.360Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/89970 The financial cost of ESG investing in the Johannesburg Stock Exchange (JSE) Muller, Chris ichelp@gibs.co.za Khumalo, Samuel Bheki UCTD ESG investing Financial returns ESG rating Mini Dissertation (MBA)--University of Pretoria, 2021. ESG investing, through the theme of Principles of Responsible Investing, is widely gaining popularity and acceptance by investors globally and in South Africa. The increase in ESG investing opportunities has resulted in critical viability and economic value-add questions in the investment fraternity. An opportunity has become available for ESG rating agencies to prepare and provide ESG ratings for investment purposes. The process impacts investees, firms in this case. The investors require clarification and certainty regarding the financial costs and benefits of ESG investing in JSE. The study aimed to determine the financial cost of ESG investing in the JSE. The study was divided into two parts. Firstly, the study investigated if a high ESG rating offered better financial returns than a low ESG rating portfolio. Secondly, the study investigated if a high ESG rating performed better than the benchmark market portfolio, the All Share Index. Thirdly, the study examined if ESG rating data from two different ESG data providers translated to the same financial returns in the JSE. Lastly, the study investigated if ESG rating data from two different agencies correlated in the JSE. Using ESG data from Refinitiv and Bloomberg, the analysis was based mainly on the graphical time series technique and supported with statistical tests. The study found that a high ESG rating portfolio performed poorly compared to a low ESG portfolio. The high ESG rating portfolios outperformed the All Share Index from 2015. The financial returns from ESG data of Refinitiv and Bloomberg tracked differed. Finally, the ESG rating data from Refinitiv and Bloomberg exhibited a moderate to strong correlation. Accordingly, recommendations and future research work are provided and detailed in the report. Gordon Institute of Business Science (GIBS) MBA Unrestricted 2023-03-06T07:45:13Z 2023-03-06T07:45:13Z 2022 2021 Mini Dissertation * https://repository.up.ac.za/handle/2263/89970 en © 2022 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD ESG investing Financial returns ESG rating The financial cost of ESG investing in the Johannesburg Stock Exchange (JSE) |
| title | The financial cost of ESG investing in the Johannesburg Stock Exchange (JSE) |
| title_full | The financial cost of ESG investing in the Johannesburg Stock Exchange (JSE) |
| title_fullStr | The financial cost of ESG investing in the Johannesburg Stock Exchange (JSE) |
| title_full_unstemmed | The financial cost of ESG investing in the Johannesburg Stock Exchange (JSE) |
| title_short | The financial cost of ESG investing in the Johannesburg Stock Exchange (JSE) |
| title_sort | financial cost of esg investing in the johannesburg stock exchange jse |
| topic | UCTD ESG investing Financial returns ESG rating |
| url | https://repository.up.ac.za/handle/2263/89970 |