Samenvatting

This article examines the differences and similarities in public policy of the Dutch and Belgian government in the policy field of socially responsible investing (SRI). In particular the authors discuss both the content and the consequences of the Dutch arrangement 'Groen beleggen' and the Belgian 'Kringloopfonds'. Our empirical evidence states that, although both public policies are very similar (a tax incentive for investors investing financial means in socially responsible funds), they had a different influence on the socially responsible investment market. The Dutch arrangement 'Groen beleggen' lead to more assets under management, more green private funds, more financed projects and a bigger influence on the market of socially responsible investment products. This is mainly caused by the nature of the funding: the choice for private funds in the Netherlands, instead of a public fund like in Belgium.