Full Description
This edited collection brings together leading theoretical and applied research with the intent to design a sustainable global financial future. The contributors argue that our world cannot move toward sustainability, address climate change, reverse environmental degradation, and improve human well-being without aligning the financial system with sustainable development goals like those outlined by the United Nations. Such a system would: a) be environmentally and socially responsible; b) align with planetary boundaries; c) manage natural resources sustainably; d) avoid doing more harm than good; and e) be resilient and adaptable to changing conditions. The overarching theme in this collection of chapters is a response to the worldwide, supranational sustainable finance discussions about how we can transition to a new socio-ecological system where finance, human well-being, and planetary health are recognized as being highly intertwined.
Contents
1. Introduction.- 2. An Alternative Finance Approach for a More Sustainable Financial System.- 3. Social and Environmental Responsibility in the Banking Industry: A Focus on Commercial Business.- 4. Seeking Greener Pastures: Exploring the Impact for Investors of ESG Integration in the Infrastructure Asset Class.- 5. Pricing Carbon: Integrating Promise, Practice, and Lessons Learned from the Chicago Climate Exchange (CCX).- 6. Designing Carbon: Neutral Investment Portfolios.- 7. Sustainability Stress Testing the Financial System: Challenges and Approaches.- 8. Responsible Investment Requires a Proxy Voting System Responsive to Retail Investors.- 9. The Creation of Social Impact Credits: Funding for Social Profit Organizations.- 10. Crowdfunding Sustainable Enterprises as a Form of Collective Action.- 11. Palm Oil: Mitigating Material Financial Risks via Sustainability.- 12. Towards a Theory of Sustainable Finance.- 13. MobilizingEarly-Stage Investments for an Innovation-Led Sustainability Transition.- 14. Financial Sector Sustainability Regulations and Voluntary Codes of Conduct: Do They Help to Create a More Sustainable Financial System?.- 15. Why Self-Commitment Is Not Enough: On a Regulated Minimum Standard for Ecologically and Socially Responsible Financial Products and Services.
