Sustainable Finance and Banking

Book description


Banking and finance play a fundamental role in public policy and economic performance as well as in all forms of commerce and industry. They are crucial in determining whether society - from governments to individual consumers - succeeds in following an environmentally sustainable path.

However, those working in the financial sector are largely unaware of the rationale and pressures for sustainable development and its bearing on their work, while those in the relevant research and policy areas commonly overlook how vital the financial sector is for progress.

Marcel Jeucken sets out to rectify this state of affairs, in a style which is accessible to those with no experience of environmental finance issues. He provides a comprehensive account of their interdependence: why the financial sector is crucial to achieving sustainability and why the triple bottom line of commercial, environmental and social success points the way forward for banking. From a systematic assessment of major banks around the world, he presents a comprehensive account of current best practice, an analysis of the differences in approach and performance, and recommendations of actions and policies for improved performance that will contribute to sustainable development.

Table of contents

  1. Front Cover
  2. Title Page
  3. Copyright
  4. Contents
  5. List of Boxes, Figures and Tables
  6. Foreword
  7. Foreword
  8. Acknowledgements
  9. List of Acronyms and Abbreviations
  10. 1 Introduction
    1. Trends
    2. Paradigm shift
    3. General structure of the book
    4. Structure by chapter
  11. Part I Sustainability: A General Introduction
    1. 2 Environmental Consciousness and Sustainable Development
      1. Introduction
      2. Environmental issues
      3. Environmental consciousness
      4. Sustainable development
      5. Environmental policy
      6. Conclusion
    2. 3 Sustainability: The Challenges for Companies
      1. Introduction
      2. Corporate governance and sustainable development
      3. Sustainable business
      4. Accountability and reporting
      5. Conclusion
    3. 4 Sustainability: A Special Role for Banks
      1. Introduction
      2. Banks and their function in an economy
      3. The drive behind sustainability at banks
      4. Intermediation and sustainability
      5. Sustainable banking
      6. Conclusion
  12. Part II Banking and Sustainability
    1. 5 Sustainability, Markets and Banking Products
      1. Introduction
      2. Sustainable investment funds
      3. Fiscal green funds
      4. New, more sustainable financial products: Committed resources
      5. New, more sustainable financial products: Investments
      6. Sustainability and advice from banks
      7. The financial sector and the Kyoto Protocol
      8. Conclusion
    2. 6 Sustainability and Financing Risks
      1. Introduction
      2. Environmental risks for clients
      3. Indirect environmental risks for banks
      4. Direct environmental risks for banks
      5. Risks to banks’ reputations
      6. Instruments for analysing environmental risk
      7. Conclusion
    3. 7 Internal Environmental Care
      1. Introduction
      2. Energy
      3. Waste
      4. Sustainable building
      5. Supply and distribution chain management
      6. Conclusion
    4. 8 Organization and Communication About Sustainability
      1. Introduction
      2. The organization of sustainability within banks
      3. The role of internal communication
      4. The role of external communication
      5. External accountability and the risks of external communication
      6. Conclusion
  13. Part III In Reflection
    1. 9 Sustainable Banking in Perspective: The Cases of 34 International Banks
      1. Introduction
      2. Codes of conduct, environmental reporting and environmental management systems (EMSs)
      3. Environmental care in practice: Reported policy, objectives and data
      4. Environmental care in practice: Products and risk management
      5. Socioeconomic activities and sponsoring
      6. Integral score of sustainable banking
      7. Conclusion
    2. 10 Sustainable Development: A Paradigm Shift
      1. Introduction
      2. Are incremental steps sufficient?
      3. The existing economic system
      4. Are there shortcomings associated with the current economic paradigm?
      5. Sustainable development as a paradigm shift
      6. Sustainable development: Another way of seeing
    3. 11 Towards Sustainable Banking
      1. Introduction
      2. The trends: A summary
      3. A link to the future
      4. The role of banks in a sustainable future
      5. Conclusion
  14. Appendices
    1. Appendix I Environmental Performances of Developed Countries
    2. Appendix II Sectoral Changes in the Pursuit of Sustainability: A Dutch Scenario
    3. Appendix III IFC Project Classification for Environmental Assessments
    4. Appendix IV Example of an Environmental Risk Checklist
    5. Appendix V The ICC Business Charter for Sustainable Development: Principles for Environmental Management
    6. Appendix VI UNEP Statement by Financial Institutions on the Environment and Sustainable Development
    7. Appendix VII List of Signatories to the UNEP Statement by Financial Institutions on the Environment and Sustainable Development
    8. Appendix VIII Overview of Characteristics of Selected Banks
    9. Appendix IX An Integral Score for Sustainable Banking
    10. Appendix X Ecological Economics
    11. Appendix XI Zero Growth and Other Solutions?
    12. Appendix XII The Prisoner’s Dilemma
  15. Glossary
  16. Notes
  17. References
  18. Index

Product information

  • Title: Sustainable Finance and Banking
  • Author(s): Marcel Jeucken
  • Release date: September 2010
  • Publisher(s): Routledge
  • ISBN: 9781136533334