Nutzen nachhaltiger Kapitalanlagen aus Investorensicht
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Studienarbeit aus dem Jahr 2018 im Fachbereich BWL - Investition und Finanzierung, Note: 1,3, Hochschule für Technik und Wirtschaft Berlin, Sprache: Deutsch, Abstract: Welchen konkreten Nutzen können nachhaltige Kapitalanlagen dem einzelnen Investor liefern? Zur Beantwortung dieser Frage erfolgt in der vorliegenden Arbeit eine Typologisierung von Investoren im Kontext nachhaltiger Investments mit dem Ziel, den Nutzen nachhaltiger Investments aus Sicht der verschiedenen Investorentypen anhand der Kriterien Glaubwürdigkeit und Transparenz, Impact sowie ökonomischer Nutzen differenziert zu analysieren. Seit einigen Jahren lässt sich der Trend beobachten, dass es vielen Investoren nicht mehr genügt, lediglich die finanzielle Perspektive ihrer Investitionen zu beleuchten. Extrafinanzielle Faktoren, die unter anderem die Aspekte Ökologie, Soziales und Governance berücksichtigen, rücken zunehmend in den Fokus von Kapitalanlegern. Dabei handelt es sich nicht mehr nur um Investoren, die ihrer gesellschaftlichen Verantwortung gerecht werden wollen, sondern vermehrt auch um rein finanziell motivierte Anleger, die ihre Risikopositionen besser steuern möchten. Für diese Erweiterung der Beurteilungskriterien von Investitionsalternativen werden sich nach und nach alle Investoren öffnen müssen, wenn sie auch in Zukunft fundierte Anlageentscheidungen treffen wollen, unabhängig davon ob sie gezielt nachhaltig investieren möchten oder nicht. Obwohl es unstrittig ist, dass Anleger nachhaltige Investments künftig stärker berücksichtigen werden, hängt der individuelle Nutzen dieser Investments vom jeweiligen Investorentyp ab. Die Bandbreite reicht dabei von einem Engagement in nachhaltigen Investments zur Optimierung der risikoadjustierten Rendite bis hin zu einer rein ideellen Motivation. Insgesamt wird eine zunehmende Verbreitung nachhaltiger Investments nicht nur Auswirkungen auf die Kapitalmärkte, sondern auch auf die Realgütermärkte und damit auf jeden Einzelnen haben.
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