ERSTE RESPONSIBLE RETURN – The ESG Letter on Environmental, Social and Governance issues
In their book “Phishing for Phools”, the two Nobel Prize laureates in economic sciences, George Akerlof and Robert Shiller, talk about the fact that the slot machine was developed towards the end of the 19th century. As early as in 1890, a large selection of products was sold that way against coins that were inserted into the slot: sweets, cigarettes, chocolate, opera binoculars, and even a look into the white pages.
The Erste AM Investment Board gives a structured form to the ongoing and responsive dialogue with and among sustainability research agencies.
Prof. Reinhard Haller, MD, was born in Vorarlberg in 1951, is a medical specialist in psychiatry and neurology and is among the most renowned forensic psychiatrists of Europe.
The gambling sector employs 730,000 people in the US. Find out more facts about Gambling in this blog entry.
Engagement is of great importance for Erste AM’s sustainable investment approach. It combines own initiatives with collaboration on a national and international level. The structured engagement process is based on the “EAM Engagement Guideline” which determines issues, approach and procedures.
“Today we can use these statistical findings, to calculate precisely that in gambling, the bank ultimately always wins”, concludes Mr. Permoser, Chief Investment Officer (CIO) and Chief Sustainable Officer (CSIO) of Erste Asset Management.
Erste AM sustainability labels and long-term partners in sustainability.