Breckinridge Capital Advisors & MIT – “Evaluating the Relationship Between ESG and Corporate Fixed Income”
Breckinridge Capital Advisors and MIT Sloan School of Management, Spring 2016
ESG scores were found to be positively correlated with several measures of financial health, including risk, return on assets and leverage ratios. These positive relationships were stronger during periods of market turmoil. ESG integration can offer downside protection to investors, and the authors expect ESG criteria to be increasingly relevant in determination of companies’ credit quality.
Pax World
Pax World Funds ("Pax") are advised by Impax Asset Management LLC, formerly Pax World Management LLC, a pioneer in the field of sustainable investing. Pax offers a diverse lineup of mutual funds focused on the risks and opportunities arising from the transition to a more sustainable global economy. Each fund integrates environmental, social and governance (ESG) research into the investment process to better manage risk and deliver competitive long-term investment performance. Since 1971, Pax has made it possible for investors to pursue financial returns while having a positive social and environmental impact.