ABSTRACT
This chapter focuses on various strands of the overall Socially Responsible Investment (SRI) story together and place SRI within the broader framework of an emerging ethics-aware global economic order. Through ethical standard setting, legal regulation and institutional design, chapter hopes that the various other elements in the ethical chain will help communicate the values of shareholders to the ethical entrepreneurs who will develop corporations and industries that are sustainable and reflect the values of their ultimate owners. Utilitarianism the dominant modern form of consequentialism has many varieties, and these theories have by and large appeared to provide the dominant ethical foundations of contemporary social scientific theory. Corporation's laws that authorize and encourage joint stock companies and superannuation trusts are put in place for a wider community purpose. SRI can offer a comprehensive and satisfying answer to a very grave agency problem that has emerged in modern investment and which now arguably dominates global market institutions.
