The Financial Ecosystem: The Role of Finance in Achieving Sustainability (Palgrave Studies in Impact Finance)

The Financial Ecosystem: The Role of Finance in Achieving Sustainability (Palgrave Studies in Impact Finance)

by Anne Simpson (Author), Dong Guo (Author), SatyajitBose (Author)

Synopsis

Long term asset owners and managers, while seeking high risk-adjusted returns and efficiently allocating scarce financial capital to the highest value economic activities, have the essential and formidable role of ensuring the sustainability of return. But generally accepted financial accounting methods are ill-equipped to provide clear signals of the risks and opportunities created by scarce natural and human capital. Hence many investment managers in global financial markets, while performing due diligence on portfolio companies, examine metrics of non-financial performance, especially environmental, social and governance (ESG) indicators.

Broken into three sections, this book outlines the rationale for and methods used in six areas where financial acumen has been harnessed to the goal of combining monetary return with long run sustainability. The first section offers an introduction to the role of finance in achieving sustainability, and includes an overview of the six areas-sustainable investing, impact investing, energy efficiency finance, conservation finance, and cleantech finance. The methods section of the book illustrates analytical tools and specialized data sources essential to those interested in increasing the level of social responsibility embedded in economic activity. The applications section describes and differentiates each of the six areas and their roles in advancing specific measures of sustainability.

$154.75

Quantity

20+ in stock

More Information

Format: Hardcover
Edition: 1st ed. 2019
Publisher: Springer Nature Switzerland AG
Published: 27 May 2019

ISBN 10: 3030056236
ISBN 13: 9783030056230

Author Bio
Satyajit Bose is Lecturer at Columbia University, where he teaches sustainable investing, cost benefit analysis and mathematics and serves as Associate Director of the Program in Sustainability Management. Satyajit is also Co-Chair of the University Seminar in Sustainable Finance, a forum for faculty and finance practitioners to discuss and research methods to use the financial system, with the help of technology, innovative design and disruptive change, to mobilize capital for sustainable development and widespread beneficial impact. Satyajit was previously the Faculty Director of the joint Earth Institute-RFK Compass Education Program which trained institutional investors how to incorporate environment, social, human rights as well as corporate governance issues as integral elements of risk mitigation and return optimization.
Guo Dong is the Director of the Earth Institute China Initiative at Columbia University. Dr. Guo also serves as the Associate Director of the Research Program on Sustainability Policy and Management at Columbia University's Earth Institute, where he is an Associate ResearchScholar. Dr. Guo teaches courses on Microeconomics and Quantitative Methods for masters students in Columbia's School of International and Public Affairs. Dr. Guo's expertise lies in impact and evaluation methods and his research interests include sustainability metrics, sustainable development, environmental policy and Chinese education.
Anne Simpson is Investment Director, Sustainability at CalPERS. She oversees CalPERS' sustainability strategy across the total fund. This includes CalPERS' work on advocacy, engagement, and integration, and working through partnerships. Her strategic priorities include issues framed by CalPERS Investment Beliefs and include data and corporate reporting; manager expectations with a focus on climate change, diversity, and inclusion; and alignment of interest.