Sustainability and Financial Risks: The Impact of Climate Change, Environmental Degradation and Social Inequality on Financial Markets (Palgrave Studies in Impact Finance) - Hardcover

Hardcover

ISBN 10: 3030545296 ISBN 13: 9783030545291

Publisher: Palgrave Macmillan, 2020

Synopsis

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.

About this title

About the Author

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.

From the Back Cover

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.

Edition details

• Publisher: Palgrave Macmillan
• Publication date: 2020
• Language: English
• ISBN 10: 3030545296
• ISBN 13: 9783030545291
• Binding: Hardcover
• Edition number: 1
• Number of pages: 162
• Editor: Migliorelli Marco, Dessertine Philippe