September 2010
Intermediate to advanced
320 pages
11h 53m
English
Content preview from Sustainable Finance and Banking
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4
Sustainability:A Special Role for Banks
INTRODUCTION
A clear trend emerges in the previous chapters: care for the environment and the concomitant need to build a sustainable society is not a fad but an irreversible necessity. Businesses take voluntary action or can be forced to take part in this trend, the ultimate form of which is sustainable business, as set out in Chapter 3. Banks are also being confronted with this development or are helping to shape it. Moreover, if sustainable business is to be realized at the macro level, the stance of banks will be critical. Their role in economies is an intermediary one, transforming money by space, term, scale and risk. This function thus affects the development and direction of the economy; its ...
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