Finance is widely seen as an obstacle to a better world. Principles of Sustainable Finance explains how the financial sector can be mobilized to counter this. Using finance as a means to achieve social goals we can divert the planet and its economy from its current path to a world that is sustainable for all. Written for undergraduate, graduate, and executive students of finance, economics, business, and sustainability, this textbook combines theory, empirical data, and policy to explain the sustainability challenges for corporate investment. It shows how finance can steer funding to certain companies and projects without sacrificing return and thus speed up the transition to a sustainable economy. It analyses the Sustainable Development Goals as a strategy for a better world and provides evidence that environmental, social, and governance factors matter, explaining in detail how to incorporate these factors in the corporate and financial sectors. Tailored for students, Principles of Sustainable Finance starts each chapter with an overview and learning objectives to support study. It includes suggestions for further reading, lists and definitions of key concepts, and extensive uses of figures, boxes, and tables to enhance educational goals and clarify concepts. Principles of Sustainable Finance is also supported by an online resource that includes teaching materials and cases.
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Combining theory, empirical data, and policy this book provides a fresh analysis of sustainable finance. It explains the sustainability challenges for corporate investment and shows how finance can steer funding to certain companies and projects without sacrificing return, speeding up the transistion to a sustainable economy.
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Part I: What is Sustainability and Why Does it Matter? 1: Sustainability and the Transition ChallengePart II: Sustainability's Challenges to corporates 2: Externalities - Internalisation 3: Governance and Behaviour 4: Coalitions for Sustainable Finance 5: Strategy and Intangibles - Changing Business Models 6: Integrated Reporting - Metrics and DataPart III: Financing Sustainability 7: Investing for Long-Term Value Creation 8: Equity - Investing with an Ownership Stake 9: Bonds - Investing without voting power 10: Banking - New Forms of Lending 11: Insurance - Managing Long-Term RiskPart IV: How To Get There? 12: Transition Management and Integrated Thinking
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Sustainable finance has emerged as a major new field for practitioners, but has largely bypassed the classroom for lack of a good textbook. Principles of Sustainable Finance is an impressive textbook that fills this important gap. It lucidly explains the fundamental challenge climate change poses for financial markets. It is extremely well-informed about the latest developments and weaves together a coherent account of widely dispersed approaches, including research that is otherwise inaccessible to the layman. It is essential reading for any student seeking to understand the main ideas and trends in sustainable finance.
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Produktdetaljer

ISBN
9780198826606
Publisert
2018
Utgiver
Vendor
Oxford University Press
Vekt
780 gr
Høyde
243 mm
Bredde
163 mm
Dybde
27 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
432

Biographical note

Dirk Schoenmaker is a Professor of Banking and Finance at the Rotterdam School of Management, Erasmus University. He is also academic director of the Erasmus Platform for Sustainable Value Creation, a Fellow at the Brussels-based think tank Bruegel and a Research Fellow at the CEPR. Before joining RSM, Dirk was Dean of the Duisenberg School of Finance and worked at the Dutch Ministry of Finance and the Bank of England. Prof Schoenmaker is author of Governance of International Banking: The Financial Trilemma (Oxford University Press, 2013) and co-author of Financial Markets and Institutions: A European Perspective (Cambridge University Press, fourth edition 2019). Willem Schramade is Senior Portfolio Manager Impact Investing and Sustainable Equities at NN Investment Partners and Guest Lecturer at the Rotterdam School of Management, Erasmus University. He manages the listed equity impact fund at NN Investment Partners, one of the first of its kind. He has been involved in sustainable investing since 2009 and has previous worked at Robeco, PwC, and General Electric.