The Eco-Efficiency Premium Puzzle

  title={The Eco-Efficiency Premium Puzzle},
  author={Jeroen Derwall and Nadja Guenster and Rob M. M. J. Bauer and Kees G. Koedijk},
Does socially responsible investing (SRI) lead to inferior or superior portfolio performance? This study focused on the concept of "eco-efficieticy," which can he thought of as the economic value a company creates relative to the waste it generates, and found that SRI produced superior performance. Based on Innovest Strategic Value Advisors' corporate eco-efficiency scores, the study constructed and evaluated two equity portfolios that differed in eco-efficiency. The high-ranked portfolio… CONTINUE READING

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