In June 2013 CalPERS Sustainable Investment Research Initiative published on the CalPERS website a “Review of Evidence: Database of Academic Studies” compiled by UC Davis Graduate School of Management.
The executive summary of the review explains, “CalPERS has commissioned this review of evidence as part of its Sustainable Investment Research Initiative (SIRI). It is a searchable database of over 700 academic studies on sustainability factors spanning four decades of research, which examine the impact of these factors on investment risk and return.
There is a wide range of literature examining whether and how sustainability factors have an impact on risk and return for long-term investors like CalPERS. Our own discussions on this have highlighted the need for clarity on the definition of sustainability and its impact on investment risk and return across each asset class. In response, we launched SIRI and partnered with the UC Davis Graduate School of Management (UC Davis) to conduct this review of evidence.”
You may read more about the Review on the Sustainable Investment page of the CalPERS internet site.
You may download the Review here.