Sustainable investing in the oil industry - Is it possible?

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dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorJoenväärä, Juha
dc.contributor.authorSavontaus, Loviisa
dc.contributor.departmentRahoituksen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2023-03-12T17:00:45Z
dc.date.available2023-03-12T17:00:45Z
dc.date.issued2022
dc.description.abstractThis thesis analyses if sustainability affects the returns on public oil companies listed in the USA. Tilting into the best-in-class companies of a brown industry is theoretically proven to improve investment returns and the ESG performance of a company. My hypothesis is based on the best-in-class theory that the most sustainable companies would have better performance than the least sustainable ones. If the hypothesis holds, tilting could be a potential sustainable investing strategy. I tested the hypothesis with USA based oil companies and analyzed their financial performance with time series regressions. The analysis demonstrated no significant difference between the companies, and I was not able to find evidence that sustainability affects the returns of the oil industry. These findings suggest that sustainably minded investor does not get added value from tilting.en
dc.format.extent21
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/120035
dc.identifier.urnURN:NBN:fi:aalto-202303122362
dc.language.isoenen
dc.programmeRahoitusen
dc.subject.keywordbest-in-classen
dc.subject.keywordtiltingen
dc.subject.keywordsustainable investingen
dc.subject.keywordbrown industryen
dc.subject.keywordoil industryen
dc.subject.keywordESGen
dc.titleSustainable investing in the oil industry - Is it possible?en
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi
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