Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023)

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A new ESG Index Futures Contract Based on the CNI ESG 300 Index

Authors
Pengyuan Tang1, *, Mucen Ni1, Tangmingjie Tan1
1Finance Management School, Shanghai University of International Business and Economics, Shanghai, China
*Corresponding author. Email: 21078012@suibe.edu.cn
Corresponding Author
Pengyuan Tang
Available Online 28 September 2023.
DOI
10.2991/978-94-6463-260-6_44How to use a DOI?
Keywords
ESG; Futures; Green Finance; Derivatives; Risk Management
Abstract

With the popularity and importance of ESG (environmental, social, and governance) concept in the global scope, more and more investors are paying attention to the ESG performance of enterprises to evaluate their long-term investment value and risk. However, there is a lack of ESG-related derivatives in China, which makes it difficult for ESG investors to hedge the risks brought by market fluctuations and information disclosure. To fill this gap, this paper refers to the CSI 300 index and CNI ESG 300 index to design a CNI ESG 300 index futures contract, aiming to provide an effective risk management tool for ESG investors. This paper first introduces the origin and development of ESG concept, as well as the advantages and challenges of ESG investment; then analyzes the current situation and demand of ESG investment in China, as well as the existing problems and difficulties; then elaborates the design idea and method of CNI ESG 300 index futures contract, as well as its main parameters and characteristics; finally discusses the implementation effect and significance of the contract, as well as the possible risks and suggestions. This paper aims to provide a useful attempt and reference for the design of ESG derivatives in China.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
28 September 2023
ISBN
10.2991/978-94-6463-260-6_44
ISSN
2352-5428
DOI
10.2991/978-94-6463-260-6_44How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Pengyuan Tang
AU  - Mucen Ni
AU  - Tangmingjie Tan
PY  - 2023
DA  - 2023/09/28
TI  - A new ESG Index Futures Contract Based on the CNI ESG 300 Index
BT  - Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023)
PB  - Atlantis Press
SP  - 335
EP  - 343
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-260-6_44
DO  - 10.2991/978-94-6463-260-6_44
ID  - Tang2023
ER  -