Original Research

Responsible investing in South Africa: Drivers, barriers and enablers

S. Viviers, N. S. Eccles, D. De Jongh, J. K. Bosch, E. V.D.M. Smit, A. Buijs
South African Journal of Business Management | Vol 39, No 4 | a570 | DOI: https://doi.org/10.4102/sajbm.v39i4.570 | © 2018 S. Viviers, N. S. Eccles, D. De Jongh, J. K. Bosch, E. V.D.M. Smit, A. Buijs | This work is licensed under CC Attribution 4.0
Submitted: 10 October 2018 | Published: 31 December 2008

About the author(s)

S. Viviers, Department of Business Management, Nelson Mandela Metropolitan University, South Africa
N. S. Eccles, Noah Chair in Responsible Investment, Centre for Corporate Citizenship, University of South Africa, South Africa
D. De Jongh, Centre for Corporate Citizenship, University of South Africa, South Africa
J. K. Bosch, Department of Business Management, Nelson Mandela Metropolitan University, South Africa
E. V.D.M. Smit, University of Stellenbosch Business School, South Africa
A. Buijs, Utrecht School of Economics, University of Utrecht, Netherlands

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Abstract

Given growing interest in the phenomenon of responsible investing (RI) in South Africa, this study set out to identify and empirically evaluate the most pertinent drivers, barriers and enablers of RI locally. Telephone interviews were conducted with a sample of pension funds, asset managers and advisory service providers during 2007. All three groups of respondents viewed fiduciary responsibility as one of the most important barriers to RI in South Africa. More legislation/regulation and evidence for increased risk-adjusted returns from local RIs were identified as key drivers of RI in South Africa, whereas the two most important enablers were seen as mainstream RI benchmarks and co-operative initiatives.

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Crossref Citations

1. Practicalities bottleneck to pension fund responsible investment?
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Business Ethics: A European Review  vol: 23  issue: 3  first page: 309  year: 2014  
doi: 10.1111/beer.12048