Sustainability and Financial Risks

The Impact of Climate Change, Environmental Degradation and Social Inequality on Financial Markets
1. Auflage 2020
ISBN: 978-3-030-54529-1
Verlag: Springer International Publishing

Buch, Englisch, 143 Seiten, Format (B × H): 153 mm x 216 mm, Gewicht: 333 g

Reihe: Palgrave Studies in Impact Finance

Despite growing discussions on the relationship between sustainability and finance, so far little attention has been given to the relation linking sustainability-related risks and financial risks. Climate change, environmental degradation and social inequality, among others factors, may indeed have considerable adverse impacts on financial actors and markets, and even have the potential to harm financial stability. Shedding light on the importance of the nexus between sustainability and financial risks, this book addresses the need for new industry and policy approaches. With insights from a skilled set of scholars in the finance field, this edited collection explores the effects of climate risks on the banking and insurance industries, the problem of stranded assets, the possible corporate risk management frameworks that could be used to control sustainability-related risks, the role of non-financial disclosure in fostering market discipline, and the policy actions needed to integrate sustainability considerations into prudential supervision. Tackling an interdisciplinary topic, this book will appeal to academics and practitioners within the finance, business and sustainability fields.

Zielgruppe

Research

Autoren/Hrsg.

Dessertine, Philippe

Migliorelli, Marco

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Corporate Social Responsibility (CSR), Nachhaltiges Wirtschaften
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmenskultur, Corporate Governance
• Wirtschaftswissenschaften Betriebswirtschaft Management Risikomanagement
• Sozialwissenschaften Soziologie | Soziale Arbeit Soziale Gruppen/Soziale Themen Soziale Fragen & Probleme
• Geowissenschaften Umweltwissenschaften Nachhaltigkeit
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines

Inhaltsverzeichnis

1. An Overview of the Sustainability-Financial Risk Nexus.- 2. The Impact of Climate Change on the Banking and Insurance Industries.- 3. The Transition to a Low-carbon Economy and Stranded Assets.- 4. Sustainability-related Risks, Risk Management Frameworks and Financial Disclosure.- 5. Potential Solutions for Tackling the Sustainability-Financial Risk Nexus.- 6. Sustainability-related Risks and Financial Stability: A Systemic View and Preliminary Conclusions.

Über Autor(innen)

Marco Migliorelli is an economist at the European Commission and an associate researcher at IAE Paris (Sorbonne Business School), University Paris 1 Panthéon-Sorbonne, France. His research focuses primarily on green and sustainable finance, cooperative banking and financial instruments innovation.

Philippe Dessertine is a full professor of finance at IAE Paris (Sorbonne Business School), University Paris 1 Panthéon-Sorbonne, France. He is also the director of the Institut de Haute Finance in Paris and a former member of the Haut Conseil des Finances Publiques in France. Additionally, he is the author of several publications on the role of finance in modern society.