1.

Record Nr.

UNINA9910468251003321

Titolo

Sustainability and financial risks : the impact of climate change, environmental degradation and social inequality on financial markets / / Marco Migliorelli; Philippe Dessertine

Pubbl/distr/stampa

Cham, Switzerland : , : Palgrave Macmillan, , [2020]

©2020

ISBN

3-030-54530-X

Edizione

[1st ed. 2020.]

Descrizione fisica

1 online resource : illustrations

Collana

Palgrave Studies in Impact Finance, , 2662-5105

Disciplina

332.04

Soggetti

Sustainability

Climatic changes

Financial institutions

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

1. An Overview of the Sustainability-Financial Risk Nexus -- 2. The Impact of Climate Change on the Banking and Insurance Industries -- 3. The Transition to a Low-carbon Economy and Stranded Assets -- 4. Sustainability-related Risks, Risk Management Frameworks and Financial Disclosure -- 5. Potential Solutions for Tackling the Sustainability-Financial Risk Nexus -- 6. Sustainability-related Risks and Financial Stability: A Systemic View and Preliminary Conclusions.

Sommario/riassunto

Despite growing discussions on the relationship between sustainability and finance, so far little attention has been given to the relation linking sustainability-related risks and financial risks. Climate change, environmental degradation and social inequality, among others factors, may indeed have considerable adverse impacts on financial actors and markets, and even have the potential to harm financial stability. Shedding light on the importance of the nexus between sustainability and financial risks, this book addresses the need for new industry and policy approaches. With insights from a skilled set of scholars in the finance field, this edited collection explores the effects of climate risks on the banking and insurance industries, the problem of stranded assets, the possible corporate risk management frameworks that could



be used to control sustainability-related risks, the role of non-financial disclosure in fostering market discipline, and the policy actions needed to integrate sustainability considerations into prudential supervision. Tackling an interdisciplinary topic, this book will appeal to academics and practitioners within the finance, business and sustainability fields.