A systematic literature review of socially responsible investment and environmental social governance metrics
系统梳理社会责任投资文献，发现主题间脱节且偏重财务范式；确认ESG指标作为可持续性代理和市场推动者的双重作用，但指出其缺乏透明度和一致性两大问题。
Abstract Socially responsible investment (SRI) encompasses both ethical and financial paradigms. This systematic literature review explores three key research themes within the SRI literature, identifying a significant disconnect between themes and a fixation on the financial (as opposed to ethical) paradigm. One of the foundations of SRI is environmental, social, and governance (ESG) metrics. This review confirms the importance of ESG metrics in the SRI field, as they play two crucial roles, namely, as a proxy for sustainability performance and an enabler of the SRI market. However, there are two main issues related to ESG metrics that undermine their reliability: a lack of transparency and a lack of convergence.