The Performance of Socially Responsible Investment and Sustainable Development in France: An Update After the Financial Crisis


Authors
Noel Amenc and Veronique Le Sourd

Research Organisation
EDHEC-Risk Institute

Report Date
Sept. 1, 2010

Release Date
June 1, 2011

Document summary

This study updates the results of the 2008 study, by extending the analysis to the years 2008/09. Also in view of changes in the SRI fund population, the results from two sub-populations: best-in-class and green funds are compared revealing over the long-term higher alpha for green funds, with higher risks. The focus on the financial crisis reveals that SRI funds provided no protection from market downturns, illustrated by the increase of extreme risks borne by these funds.