From Risk to Opportunity: A Framework for Sustainable Finance

RSM Series on Positive Change, Volume 2 (2017)

74 Pages Posted: 9 Nov 2017

See all articles by Dirk Schoenmaker

Dirk Schoenmaker

Rotterdam School of Management, Erasmus University; Erasmus Research Institute of Management (ERIM); Centre for Economic Policy Research (CEPR)

Date Written: September 20, 2017

Abstract

From Risk to Opportunity: A Framework for Sustainable Finance presents the switch from traditional finance to sustainable finance. While financial institutions have started to avoid unsustainable companies from a risk perspective (Sustainable Finance 1.0 and 2.0), The frontrunners are now increasingly investing in sustainable companies and projects to create long-term value for the wider community (Sustainable Finance 3.0). Major obstacles to sustainable finance are short-termism and insufficient private efforts. To overcome these obstacles, the booklet develops guidelines for governing sustainable finance.

Keywords: sustainable development, environmental, social and governance risks, sustainable finance. short-termism

JEL Classification: G11, G21, H23, H41, Q01

Suggested Citation

Schoenmaker, Dirk, From Risk to Opportunity: A Framework for Sustainable Finance (September 20, 2017). RSM Series on Positive Change, Volume 2 (2017). Available at SSRN: https://ssrn.com/abstract=3066210

Dirk Schoenmaker (Contact Author)

Rotterdam School of Management, Erasmus University ( email )

P.O. Box 1738
Room T08-21
3000 DR Rotterdam
Netherlands

HOME PAGE: http://www.rsm.nl/people/dirk-schoenmaker/

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

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