Overview
- Fosters debate on the under-explored relationship between sustainability and financial risks
- Discusses industry and policy approaches to dealing with the financial risks stemming from climate change, environmental degradation, social inequality and other sustainability-related factors
- Reflects the growing interest of practitioners, academics, financial institutions and policy-makers in fostering a sustainable financial system
Part of the book series: Palgrave Studies in Impact Finance (SIF)
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Table of contents (5 chapters)
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Front Matter
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Back Matter
Keywords
About this book
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.
Editors and Affiliations
About the editors
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.
Bibliographic Information
Book Title: Sustainability and Financial Risks
Book Subtitle: The Impact of Climate Change, Environmental Degradation and Social Inequality on Financial Markets
Editors: Marco Migliorelli, Philippe Dessertine
Series Title: Palgrave Studies in Impact Finance
DOI: https://doi.org/10.1007/978-3-030-54530-7
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-54529-1Published: 18 September 2020
eBook ISBN: 978-3-030-54530-7Published: 17 September 2020
Series ISSN: 2662-5105
Series E-ISSN: 2662-5113
Edition Number: 1
Number of Pages: XIX, 143
Number of Illustrations: 14 b/w illustrations, 1 illustrations in colour
Topics: Risk Management, Development Finance, Environmental Policy, Sociology, general, Sustainable Development, Financial Services