Sustainable Finance and Banking

Notes

CHAPTER 1

1 Unless otherwise defined, ‘environment’ is used as a collective term in this book for the stock of natural resources, ‘pure’ nature and the pollution of the ecological system.

2 Sustainable business (or banking) is not a static concept. It is a concept whose intrinsic value will be continually adjusted in terms of the demands and issues of the time.

3 In the 1970s and 1980s, the environmental policy of the government and nongovernmental organizations (NGOs) focused on the polluter. Since the 1990s, environmental issues have been considered more in terms of the chain in which financial service providers play a role. One of the first publications on banking and environmental issues was a paper by Sarokin and Schulkin (1991). ...