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Investing for the common good: a sustainable finance framework
Contributor(s): Schoenmaker, Dirk (Author)
ISBN: 9078910437     ISBN-13: 9789078910435
Publisher: Bruegel
OUR PRICE:   $10.93  
Product Type: Paperback
Published: July 2017
* Not available - Not in print at this time *
Additional Information
BISAC Categories:
- Business & Economics | Corporate Finance - General
- Political Science | Public Policy - Environmental Policy
- Business & Economics | Personal Finance - Investing
Physical Information: 0.17" H x 4.37" W x 7" (0.15 lbs) 80 pages
 
Descriptions, Reviews, Etc.
Publisher Description:

Traditional finance focuses solely on financial return and risk. By contrast, sustainable finance considers financial, social and environmental returns in combination. This essay provides a new framework for sustainable finance highlighting the move from the narrow shareholder model to the broader stakeholder model, aimed at long-term value creation for the wider community. Major obstacles to sustainable finance are short-termism and insufficient private efforts. To overcome these obstacles, this essay develops guidelines for governing sustainable finance.

Moving from traditional to sustainable finance means having to counter attitudes that are embedded in the ways our economic systems are organised. Shifting away from them requires both new ways of operating but, importantly, new underlying principles that put sustainability centre stage to guide our thinking. It is important that we put this process in motion, and the earlier the better.

Contributor Bio(s): Schoenmaker, Dirk: - Dirk Schoenmaker is a Senior Fellow at Bruegel. He is also a Professor of Banking and Finance at Rotterdam School of Management, Erasmus University Rotterdam. He is a member of the Advisory Scientific Committee of the European Systemic Risk Board at the European Central Bank and a Research Fellow at the Centre for European Policy Research. He has published in the areas of central banking, financial supervision and stability, European financial integration and climate change.