The economy, and the financial system, are at risk due to the increasingly frequent and extensive harm caused by climate and social changes. Environmental, social, and governance (ESG) concerns, which include threats to biodiversity, social conditions, and business management standards, impact the economy's present and potential growth (Bank of Italy, 2022). Environmental and sustainability characteristics are among the most relevant risk categories, in terms of both the frequency and severity of potential repercussions (World Economic Forum, 2022). Investor attention to ESG concerns has grown globally. Approximately 36% of the world's assets under management, or $35.3 trillion, were sustainable financial investments; this was more than double the amount in 2016 (Global Sustainable Investment Alliance, 2021). The economy's sustainable growth, and the financial system's stability, can be impacted by these factors, as well as the social and governance profiles of businesses and institutions. Businesses and the financial industry are becoming increasingly interested in sustainability. Contemporary environmental and social issues are challenging the traditional business paradigm, which needs to be more open and inclusive to meet the interests of new stakeholder groups better. At the European level, it was reiterated how sustainability, even considering the recovery following the Covid-19 pandemic, will play a critically important role in achieving the goals of the European Green Deal. From those mentioned above, it follows that both measuring impact and performance are crucial, as well as communicating results to stakeholders. Despite the attention that sustainable finance is receiving, even considering recent global events, several issues still need attention. This book aims to maintain awareness of the problems with effect measurement, generated performance, and, not least, the function of sustainable finance in financial Inclusion.
Contemporary Issues in Sustainable Finance. Exploring Performance, Impact Measurement and Financial Inclusion / La Torre, Mario; Leo, Sabrina. - (2023), pp. 1-294. [10.1007/978-3-031-22539-0]
Contemporary Issues in Sustainable Finance. Exploring Performance, Impact Measurement and Financial Inclusion
La Torre, Mario;Leo, Sabrina
2023
Abstract
The economy, and the financial system, are at risk due to the increasingly frequent and extensive harm caused by climate and social changes. Environmental, social, and governance (ESG) concerns, which include threats to biodiversity, social conditions, and business management standards, impact the economy's present and potential growth (Bank of Italy, 2022). Environmental and sustainability characteristics are among the most relevant risk categories, in terms of both the frequency and severity of potential repercussions (World Economic Forum, 2022). Investor attention to ESG concerns has grown globally. Approximately 36% of the world's assets under management, or $35.3 trillion, were sustainable financial investments; this was more than double the amount in 2016 (Global Sustainable Investment Alliance, 2021). The economy's sustainable growth, and the financial system's stability, can be impacted by these factors, as well as the social and governance profiles of businesses and institutions. Businesses and the financial industry are becoming increasingly interested in sustainability. Contemporary environmental and social issues are challenging the traditional business paradigm, which needs to be more open and inclusive to meet the interests of new stakeholder groups better. At the European level, it was reiterated how sustainability, even considering the recovery following the Covid-19 pandemic, will play a critically important role in achieving the goals of the European Green Deal. From those mentioned above, it follows that both measuring impact and performance are crucial, as well as communicating results to stakeholders. Despite the attention that sustainable finance is receiving, even considering recent global events, several issues still need attention. This book aims to maintain awareness of the problems with effect measurement, generated performance, and, not least, the function of sustainable finance in financial Inclusion.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
