Advising the ESG Investor: A Non-Political, Outcomes-Based Approach
Presented by Stephen M. Horan, PhD, CFA®, CIPM, CAIA
Executive Director, Financial Planning Review; Director, Master of Science in Finance and Investment Management, University of North Carolina Wilmington
Session date and time May 1, 2023 11:00 a.m. - 12:00 p.m.
Environmental, social and governance (ESG) strategies have experienced a massive inflow of capital despite a lack of evidence that ESG investing accomplishes its purported goals and without investors having information, tools and methods to evaluate and communicate their ESG objectives. Without these tools, it is impossible for investors with ESG intent to know if they are getting what they are paying for, to distinguish between investment managers based on non-financial objectives or to improve the likelihood of achieving positive ESG investing outcomes. This session highlights key challenges faced by ESG investors and portfolio managers implementing ESG investment mandates, provides guidance on the information required to make informed ESG investing decisions and proposes a performance evaluation and attribution framework to support the ESG investment management process.
ACE Academy 2023
Speaker Bio
Stephen M. Horan, PhD, CFA®, CIPM, CAIA Executive Director, Financial Planning Review; Director, Master of Science in Finance and Investment Management, University of North Carolina Wilmington
Stephen M. Horan is executive director of the Financial Planning Review and associate professor of finance at the University of North Carolina Wilmington where he also directs the Master of Science in Finance program. He was previously managing director of the Americas region and managing director of credentialing at CFA Institute. His research focuses on ESG investing, wealth management, tax-efficient investing and derivatives.
Horan’s research awards include the 2012 Graham and Dodd Readers’ Choice Award, and he has authored or co-authored several books, including the highly regarded “Strategic Value Investing” and “The New Wealth Management: A Financial Advisers Guide to Managing and Investing Client Assets.” Horan holds a PhD in finance at the State University of New York/Buffalo and a BBA degree in finance at St. Bonaventure University. He has earned the CFA charter, the CIPM designation and the CAIA designation.
