Corporate Social Responsibility and Foreign Institutional Investor Heterogeneity

Which institutional investors drive corporate sustainability? A systematic literature review

“…As a third shock, the authors included the “Climate Action 100+ Disclosure Engagement” as an investor coalition that targets the world's largest CO2 emitters for engagement. Roy et al (2021) included the “S‐135” CSR regulation in India 2013 which leads to mandatory disclosure of CSR‐related information and the duty of firms that meet a certain size threshold to spend a minimum amount (at least 2% of their annual net profit) on CSR projects. The US Jobs and Growth Tax Relief Reconcilation Act 2003 was chosen as an exogenous shock by Luong et al (2017).…”

“…Ilhan et al (2021) recognized the French climate risk disclosure regulation of institutional investors (Energy Transition for Green Growth Act) and the UK carbon disclosure regulation on CO2emissions. As a third shock, the authors included the "Climate Action 100+ Disclosure Engagement" as an investor coalition that targets the world's largest CO2 emitters for engagement Roy et al (2021). included the "S-135" CSR regulation in India 2013 which leads to mandatory disclosure of CSR-related information and the duty of firms that meet a certain size threshold to spend a minimum amount (at least 2% of their annual net profit) on CSR projects.…”