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✦   LIBER   ✦

πŸ“

Sustainability and Financial Risks: The Impact of Climate Change, Environmental Degradation and Social Inequality on Financial Markets

✍ Scribed by Marco Migliorelli, Philippe Dessertine


Publisher
Springer International Publishing;Palgrave Macmillan
Year
2020
Tongue
English
Leaves
158
Series
Palgrave Studies in Impact Finance
Edition
1st ed.
Category
Library

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✦ 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.

✦ Table of Contents


Front Matter ....Pages i-xix
The Sustainability–Financial Risk Nexus (Marco Migliorelli)....Pages 1-29
The Impact of Climate Risks on the Insurance and Banking Industries (Giorgio Caselli, Catarina Figueira)....Pages 31-62
Stranded Assets and the Transition to Low-Carbon Economy (Olaf Weber, Truzaar Dordi, Adeboye Oyegunle)....Pages 63-92
Sustainability-Related Risks, Risk Management Frameworks and Non-financial Disclosure (Marco Migliorelli, Vladimiro Marini)....Pages 93-118
Sustainability-Related Risks and Financial Stability: A Systemic View and Preliminary Conclusions (Marco Migliorelli, Nicola Ciampoli, Philippe Dessertine)....Pages 119-139
Back Matter ....Pages 141-143

✦ Subjects


Finance; Risk Management; Development Finance; Environmental Policy; Sociology, general; Sustainable Development; Financial Services


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