"This year, the Moskowitz Prize acknowledged the superior quality of the paper Corporate Governance and the Rise of Integrating Corporate Social Responsibility (CSR) Criteria in Executive Compensation: Effectiveness and Implications for Firm Outcomes released in September 2017. The study examined the integration of CSR contracting – that is the linking of executive compensation to social and environmental performance – and how it affects firm-level outcomes.

’This study provides practitioners of sustainable, responsible and impact (SRI) investing with data that shows how companies that do good also perform well,’ said Steve Schueth, producer of The SRI Conference and president of First Affirmative Financial Network. ’The authors’ findings add to the mounting evidence that investing in companies that integrate sustainability best practices into their operations does not hinder financial performance, but can improve it – especially for their long-term investors.’"

[COMMENTARY] I’ve given a lot of space to this study because it’s important for many reasons. Firstly, the Moskowitz Prize offered by the Center for Responsible Business at the Haas School of Business, University of California, Berkeley, has become THE prize for SRI/CSR researchers globally. Secondly, the winner of this year’s prize uniquely demonstrates the advantages of CSR for company executives and stockholders!
Announcing the 2017 Moskowitz Prize Winner for Sustainable and Responsible Investing, press release, October 10, 2017, SRI Conference and The Center for Responsible Business at the Haas School of Business, UC Berkeley, USA.