Sustainable Finance

Panagiotis Delimatsis and Leonie Reins (eds), Encyclopedia on Trade and Environmental Law, Edward Elgar, 2021 (forthcoming)

13 Pages Posted: 22 Mar 2021

See all articles by Panos Delimatsis

Panos Delimatsis

Tilburg Law and Economics Center (TILEC); Tilburg Law School

Date Written: February 9, 2021

Abstract

Sustainable finance, as a distinct category of finance, entails the introduction of environmental, social and governance (ESG) considerations into financial decision-making. Previous work at the international level such as the UN Principles for Responsible Investment and the Global Compact earlier have linked economic activity to sustainable development. The G20 and manifold organizations, backed by the UN but also autonomously, currently elaborate principles, prepare recommendations and generally align their forces with a view to mobilizing private and public capital for 'green' purposes. Higher returns but also risk management are good reasons for the financial sector to participate in such efforts. The current WTO framework, and more specifically the General Agreement on Trade in Services (GATS), could offer some avenues for advancing global cooperation in the area of sustainable finance and attenuate potential frictions due to regulatory fragmentation.

Keywords: Sustainable finance, responsible investment, environmental, social and governance (ESG), General Agreement on Trade in Services (GATS)

JEL Classification: B27, F02, F13, F18, F21, F38, F55, F65, G15, G18, G20, G30, O16, Q02

Suggested Citation

Delimatsis, Panagiotis, Sustainable Finance (February 9, 2021). Panagiotis Delimatsis and Leonie Reins (eds), Encyclopedia on Trade and Environmental Law, Edward Elgar, 2021 (forthcoming), Available at SSRN: https://ssrn.com/abstract=3787091

Panagiotis Delimatsis (Contact Author)

Tilburg Law and Economics Center (TILEC) ( email )

Warandelaan 2
Postbus 90153
Tilburg, NL-5000 LE
Netherlands
0031 13 466 8251 (Phone)
0031 13 466 8047 (Fax)

HOME PAGE: http://www.tilburguniversity.edu/staff/p-delimatsis

Tilburg Law School ( email )

Warandelaan 2
Postbus 90153
Tilburg, 5000 LE
Netherlands

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
160
Abstract Views
415
rank
253,495
PlumX Metrics