Making the Financial System Sustainable
Making the Financial System Sustainable
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.
- Offers readers further analysis into the 2017 HLEG from some of the main thought leaders on sustainable finance – people who have helped shape the current agenda and who have strong views on how it should develop
- Covers the policy ground, from a high-level systems view to detailed regulatory issues, from technical issues such as risk analysis or use of benchmarks, through to the involvement of citizens - there is something important in here for everyone connected with the financial sector
- The authors include academics, financial professionals and NGOs; the book is also written for politicians, civil servants, journalists and students, and will appeal to a wide range of people across fields and disciplines
Reviews & endorsements
'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
Product details
November 2020Hardback
9781108842297
300 pages
240 × 160 × 35 mm
1kg
Available
Table of Contents
- 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.
