'Paul Fisher and co-authors provide a welcome and much-needed assessment of how the financial system must underpin sustainable economic growth. This is an important contribution to a rapidly changing landscape.' Andrew Bailey, Bank of England and Chair of the Monetary Policy Committee

'Practical. Candid. Timely. A must-read for finance practitioners who have heard the calls to action and are seeking the practical ways forward for finance to respond to the climate science.' Rhian-Mari Thomas, Green Finance Institute

The EU Action Plan on Financing Sustainable Growth is the most advanced and comprehensive policy agenda on sustainability in the world. But is it going in the right direction? Acting as a bridge between policy and academia, this up-to-date contribution to the global policy debate brings together some of the leading experts from the European Commission's High-Level Expert Group on Sustainable Finance, to discuss how the financial system needs to be reformed to promote sustainability. Finance has long been criticized for being short-term focused and concerned with maximizing returns to intermediaries, rather than with the interests of savers and borrowers. The financial system must now take into account environmental, social and governance considerations to support a sustainable economy and this volume offers new insights on the way forward. A must-read for anyone working on financial sector policy and sustainability.
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Contributors; Foreword Christian Thimann; Preface Paul G. Fisher; Introduction Kajetan Czyż and Paul Fisher; 1. Capitalism meets multilateralism Paddy Arber and Steve Waygood; 2. Public meets private: sustainable finance for a sustainable economy Ingrid Holmes; 3. Central banking and climate change Kern Alexander and Paul Fisher; 4. Sustainable finance and prudential regulation of financial institutions Esko Kivisaari; 5. Transparency and accountability standards for sustainable and responsible investments Flavia Micilotta; 6. Environmental risk analysis by financial institutions Nina Seega and Andrew Voysey; 7. Sustainable governance and leadership Claudia Kruse and Michael Schmidt; 8. ESG risks and opportunities: a fiduciary duty perspective Will Martindale, Elodie Feller and Rory Sullivan; 9. Active and responsible: a cost efficient model for integrating sustainability Magnus Billing and Carina Silberg; 10. Passive-aggressive or just engaged: new active ownership approaches through benchmarks David Harris; 11. Financing a just transition: how to connect the environmental and social dimensions of structural change Nick Robins; 12. Sustainable finance for citizens Anne-Catherine Husson-Traore; 13. Individual impact investors: the silenced majority Stan Dupré; 14. Strengthening green finance by better integrating the social dimensions in the EU's sustainable finance laws Myriam Vander Stichele.
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A volume of essays by experts and thought leaders of the European Commission's High Level Expert Group on Sustainable Finance.

Produktdetaljer

ISBN
9781108842297
Publisert
2020-11-12
Utgiver
Vendor
Cambridge University Press
Vekt
1000 gr
Høyde
240 mm
Bredde
160 mm
Dybde
35 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
300

Redaktør

Om bidragsyterne

Paul G. Fisher is a Fellow at the Cambridge Institute for Sustainability Leadership.