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Evidence Based Practices

Evidence-based practice focuses on using empirical research rather than anecdotes to guide decisions. Socially responsible investing considers social values of companies when investing and excludes those producing addictive substances. Responsible investment approaches include ESG integration, negative screening, positive screening, sustainability themes, and impact investing.

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15 views

Evidence Based Practices

Evidence-based practice focuses on using empirical research rather than anecdotes to guide decisions. Socially responsible investing considers social values of companies when investing and excludes those producing addictive substances. Responsible investment approaches include ESG integration, negative screening, positive screening, sustainability themes, and impact investing.

Uploaded by

aark9984228304
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Evidence-based practice

Evidence-based practice (EBP) is the objective, balanced, and responsible use of current
research and the best available data to guide policy and practice decisions, such that
outcomes for consumers are improved. Used originally in the health care and social science
fields, evidence-based practice focuses on approaches demonstrated to be effective through
empirical research rather than through anecdote or professional experience alone.

PICO is a clinical research question that assists in the decision-making process in evidence-
based practice (EBP). It is a specific, foreground question composed of elements that form an
acronym. The P stands for patient/population/problem, the I stands for intervention or
exposure, the C stands for comparison (standard of care, another intervention, or
control/placebo group), and the O stands for outcome (which should be something
measurable if possible). Though optional, T for time can also be included as an element of
your question if your topic or research allows.
What Does It Mean?

Responsible Investment
Socially responsible investing (SRI), also known as social investment, is an investment that is
considered socially responsible due to the nature of the business the company conducts. A
common theme for socially responsible investments is socially conscious investing. Socially
responsible investments can be made into individual companies with good social value, or
through a socially conscious mutual fund or exchange-traded fund (ETF).
Socially responsible investments include eschewing investments in companies that produce
or sell addictive substances or activities (like alcohol, gambling, and tobacco) in favor of
seeking out companies that are engaged in social justice, environmental sustainability, and
alternative energy/clean technology efforts.

In recent history, socially conscious investing has been growing into a widely-followed
practice, as there are dozens of new funds and pooled investment vehicles available for retail
investors. Mutual funds and ETFs provide an added advantage in that investors can gain
exposure to multiple companies across many sectors with a single investment. However,
investors should read carefully through fund prospectuses to determine the exact philosophies
being employed by fund managers, along with the potential profitability of these investments.
There are two inherent goals of socially responsible investing: social impact and financial
gain. The two do not necessarily have to go hand in hand; just because an investment touts
itself as socially responsible doesn't mean that it will provide investors with a good return and
the promise of a good return is far from an assurance that the nature of the company involved
is socially conscious. An investor must still assess the financial outlook of the investment
while trying to gauge its social value.
One example of socially responsible investing is community investing, which goes directly
toward organizations that both have a track record of social responsibility through helping the
community, and have been unable to garner funds from other sources such as banks and
financial institutions. The funds allow these organizations to provide services to their
communities, such as affordable housing and loans. The goal is to improve the quality of the
community by reducing its dependency on government assistance such as welfare, which in
turn has a positive impact on the community's economy.
Responsible Investment Approaches
The responsible investment sector is one of huge diversity, whereby a plethora of investment
approaches are used, all in addition to fundamental financial analysis. Investors typically use
a combination of approaches listed below.
ESG Integration
ESG integration: the systematic and explicit inclusion by investment managers of
environmental, social and governance factors into the investment decision-making process.
Negative/Exclusionary Screening
Negative/exclusionary screening: the exclusion from a fund or portfolio of certain sectors,
companies or practices based on specific ESG criteria, such as what goods and services a
company produces, or how inadequate a company or country response is to emergent risks
such as climate change impacts.
Positive/Best In Class Screening
Positive/inclusionary screening: intentionally tilting a proportion of an investment portfolio
towards positive solutions, or targeting companies or industries assessed to have better ESG
performance relative to benchmarks or peers
Sustainability Themed Investing
Sustainability themed investing: investment in themes or assets and programs specifically
related to improving social and environmental sustainability (e.g. safe and accessible water,
sustainable agriculture, green buildings, lower carbon tilted portfolio, community programs).
Impact Investing
Impact investing: investments made with the intention to generate positive, measurable social
and environmental impact alongside a financial return.

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