From Risk to Opportunity: a Framework for Sustainable Finance
A Framework for Sustainable Finance: From Risk to Opportunity presents the switch from traditional finance to sustainable finance.
While financial institutions have started to avoid unsustainable companies from a risk perspective (Sustainable Finance 1.0 and 2.0), the frontrunners are now increasingly investing in sustainable companies and projects to create long-term value for the wider community (Sustainable Finance 3.0).
Major obstacles to sustainable finance are short-termism and insufficient private efforts. To overcome these obstacles, the book develops guidelines for governing sustainable finance.
|Keywords||sustainable development, environmental, social and governance risks, sustainable finance, short-termism|
|JEL||Portfolio Choice; Investment Decisions (jel G11), Banks; Other Depository Institutions; Mortgages (jel G21), Externalities; Redistributive Effects; Environmental Taxes and Subsidies (jel H23), Public Goods (jel H41), Agricultural and Natural Resource Economics; Environmental and Ecological Economics: Sustainable Development (jel Q01)|
|Series||RSM Positive Change Series|
|Note||The author has published a shorter version of this book as an essay titled "Investing for the Common Good: A Sustainable Finance Framework" at the Brussels-based think tank Bruegel.|
Schoenmaker, D. (2017). From Risk to Opportunity: a Framework for Sustainable Finance. RSM Positive Change Series. Retrieved from http://hdl.handle.net/1765/101671