Global Aspects of Sustainable Finance in Times of Crises

Sustainable finance has emerged as a crucial area of finance in the last decade, focusing on environmental, social, and governance factors in decision-making. It can improve social well-being, support sustainable recovery, and avoid financial crises. Global Aspects of Sustainable Finance in Times of Crises examines theory and concepts, practices and strategies, recent challenges and trends, and presents future prospects for sustainable finance. It is ideal for professionals, researchers, and policymakers interested in sustainable finance in various contexts and fields.

Format: Hardback
Length: 340 pages
Publication date: 19 November 2021
Publisher: IGI Global

Sustainable finance has emerged as a prominent domain within the financial landscape over the past decade. By placing a strong emphasis on environmental, social, and governance factors in decision-making processes, sustainable finance has the potential to enhance social well-being and facilitate sustainable recovery. Moreover, when implemented effectively, sustainable finance can help mitigate financial crises. By examining sustainable finance, responsible banking, responsible insurance, and responsible public finance, we can foster economic resilience and proactively prevent such crises in the future.

The global aspects of sustainable finance in times of crises is a comprehensive exploration of theory, concepts, practices, challenges, trends, and future prospects. This book delves into sustainable finance across various contexts and fields, including climate finance, green finance, and microfinance. It serves as a valuable resource for corporate managers, portfolio managers, investors, finance professionals, accountants, government officials, financial analysts, researchers, practitioners, academics, students, and policymakers.

In the context of the climate crisis, sustainable finance plays a crucial role in addressing the environmental challenges posed by climate change. Climate finance refers to the mobilization and allocation of financial resources to support climate mitigation and adaptation efforts, such as renewable energy projects, energy efficiency improvements, and forest conservation. By investing in these initiatives, sustainable finance can help reduce greenhouse gas emissions, mitigate the impacts of climate change, and create a more sustainable and resilient economy.

Green finance, on the other hand, focuses on promoting financial activities that align with environmental sustainability and social responsibility. This includes investments in renewable energy, sustainable agriculture, and clean technology, among others. Green finance aims to reduce the environmental footprint of financial institutions and promote sustainable development by providing incentives and disincentives for environmentally harmful practices.

Microfinance, as a subset of sustainable finance, plays a vital role in addressing poverty and promoting economic empowerment. Microfinance institutions provide small loans, financial literacy training, and other financial services to individuals and small businesses in underserved and marginalized communities. By providing access to financial resources, microfinance can help individuals start or expand their businesses, improve their living conditions, and contribute to the overall economic growth of their communities.

However, sustainable finance faces several challenges in the context of crises, such as the COVID-19 pandemic. The pandemic has disrupted global supply chains, weakened economic growth, and increased social and economic inequality. Sustainable finance institutions and practitioners must adapt to these challenges and find innovative solutions to support their clients and communities.

One of the key challenges facing sustainable finance is the need for greater transparency and accountability. Sustainable finance initiatives often involve complex financial structures and transactions, making it difficult for stakeholders to understand the environmental and social impact of their investments. There is a growing demand for standardized reporting and disclosure practices to ensure that sustainable finance initiatives are transparent and accountable.

Another challenge is the need for interdisciplinary collaboration. Sustainable finance requires collaboration between financial institutions, policymakers, researchers, and other stakeholders to develop effective solutions and policies. However, there are often barriers to collaboration, such as different perspectives, interests, and regulatory frameworks. By fostering interdisciplinary collaboration, sustainable finance can achieve greater impact and scalability.

In conclusion, sustainable finance has the potential to enhance social well-being, support sustainable recovery, and mitigate financial crises. By examining the global aspects of sustainable finance in times of crises, we can gain a deeper understanding of the theory, concepts, practices, challenges, trends, and future prospects of sustainable finance. This book serves as a valuable resource for corporate managers, portfolio managers, investors, finance professionals, accountants, government officials, financial analysts, researchers, practitioners, academics, students, and policymakers who are interested in promoting sustainable development and building a more resilient and sustainable economy.

Weight: 633g
Dimension: 279 x 216 (mm)
ISBN-13: 9781799885016