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Author: Ifedayo Adeniyi Publisher: ISBN: Category : Finance Languages : en Pages : 102
Book Description
As a result of the key roles financial institutions play in the world today, they are pivotal in addressing arguably the biggest challenge the world faces today - sustainable development. Several pioneering financial institutions, some with the collaboration of non-governmental organisations, have developed key initiatives to act as roadmap towards ensuring intra and intergenerational equity. These initiatives are referred to as codes of conduct, and take on the name voluntary, because organizations are not mandated to adopt them. Nonetheless, these self-regulatory codes inadvertently act as soft laws to which adopters must abide by. This research describes the more prevalent codes in the financial sector - the Equator Principles, Global Alliance on Banking Values, United Nations Environmental Programme Finance Incentive, United Nations Principles for Responsible Investment - with the latter three used as a case study to determine if significant differences exist between signatories and non-signatories. Via quantitative techniques, results indicate that there is indeed a noteworthy difference between both groups of banks, suggesting that signatories address sustainability concerns in their reports more often than their non-signatory counterparts. The research concludes by noting that even though more reporting does not necessarily translate to enhanced performance, it is a step in the right direction, and exudes the qualities of the codes that may have been responsible for this development.
Author: Ifedayo Adeniyi Publisher: ISBN: Category : Finance Languages : en Pages : 102
Book Description
As a result of the key roles financial institutions play in the world today, they are pivotal in addressing arguably the biggest challenge the world faces today - sustainable development. Several pioneering financial institutions, some with the collaboration of non-governmental organisations, have developed key initiatives to act as roadmap towards ensuring intra and intergenerational equity. These initiatives are referred to as codes of conduct, and take on the name voluntary, because organizations are not mandated to adopt them. Nonetheless, these self-regulatory codes inadvertently act as soft laws to which adopters must abide by. This research describes the more prevalent codes in the financial sector - the Equator Principles, Global Alliance on Banking Values, United Nations Environmental Programme Finance Incentive, United Nations Principles for Responsible Investment - with the latter three used as a case study to determine if significant differences exist between signatories and non-signatories. Via quantitative techniques, results indicate that there is indeed a noteworthy difference between both groups of banks, suggesting that signatories address sustainability concerns in their reports more often than their non-signatory counterparts. The research concludes by noting that even though more reporting does not necessarily translate to enhanced performance, it is a step in the right direction, and exudes the qualities of the codes that may have been responsible for this development.
Author: Thomas Walker Publisher: Springer ISBN: 3319663879 Category : Business & Economics Languages : en Pages : 431
Book Description
This edited collection brings together leading theoretical and applied research with the intent to design a sustainable global financial future. The contributors argue that our world cannot move toward sustainability, address climate change, reverse environmental degradation, and improve human well-being without aligning the financial system with sustainable development goals like those outlined by the United Nations. Such a system would: a) be environmentally and socially responsible; b) align with planetary boundaries; c) manage natural resources sustainably; d) avoid doing more harm than good; and e) be resilient and adaptable to changing conditions. The overarching theme in this collection of chapters is a response to the worldwide, supranational sustainable finance discussions about how we can transition to a new socio-ecological system where finance, human well-being, and planetary health are recognized as being highly intertwined.
Author: Andrew Walker Publisher: ISBN: Category : Languages : en Pages :
Book Description
Can there be a world-wide "race to the top" in financial regulatory practices? The international standards and codes issued by major international institutions in recent years assumes this is possible. In this paper, I consider to what extent this effort has been successful in East Asia. East Asia is a good case study of compliance with this new regime for at least three reasons. First, East Asian countries were a particular focus of this international convergence strategy because of the widely accepted view that inadequate financial sector supervision was a fundamental cause of the Asian crisis of the late 1990s. Second, the standards and codes themselves are largely based upon a western, even Anglo-Saxon, model of financial sector governance that poses special difficulties for many East Asian economies. Third, as I demonstrate below, there are considerable differences within East Asia relating to the degree of success in compliance with the standards and codes, and across different standards. Exploring these differences can help to illuminate the causes of failure and success in compliance in general.
Author: Adeboye Oyegunle Publisher: ISBN: Category : Languages : en Pages : 138
Book Description
The drive for sustainable finance practice is growing globally. This development is being driven by the growing global interest in Environmental and Social Governance (ESG) which has compelled banks to take Environmental and Social (E&S) considerations seriously in their business decisions and relationships with clients. Though this started as voluntary corporate efforts, particularly among leading players in the global financial sector, it soon became popular in leading economies, evolving into collaborations and frameworks that have helped set new standards, codes and legislations. However, this success was not replicated in developing and emerging markets due to several mitigating factors. Interestingly, in the last few years, African, Asian and Latin American financial institutions are beginning to show increasing interest in developing and embedding E&S considerations and governance into their internal system and lending processes. One remarkable deviation here is the involvement of regulators in the design and implementation of ESG standards that drive this process. This is contrary to the voluntary practices that are common among leading economies. This research is focused on assessing the development of this evolving ESG practices, by undertaking an analysis of existing regulations in emerging economies and the role of regulators in the integration of E&S considerations in the banking sector. It also takes a look at the key drivers of the practice, the state of implementation, its strengths and weaknesses, future and if this can be applied to leading global financial systems.
Author: Deborah C Poff Publisher: Springer Nature ISBN: 3030227677 Category : Business & Economics Languages : en Pages : 1944
Book Description
This encyclopedia, edited by the past editors and founder of the Journal of Business Ethics, is the only reference work dedicated entirely to business and professional ethics. Containing over 2000 entries, this multi-volume, major research reference work provides a broad-based disciplinary and interdisciplinary approach to all of the key topics in the field. The encyclopedia draws on three interdisciplinary and over-lapping fields: business ethics, professional ethics and applied ethics although the main focus is on business ethics. The breadth of scope of this work draws upon the expertise of human and social scientists, as well as that of professionals and scientists in varying fields. This work has come to fruition by making use of the expert academic input from the extraordinarily rich population of current and past editorial board members and section editors of and contributors to the Journal of Business Ethics.
Author: International Monetary Fund. Monetary and Capital Markets Department Publisher: International Monetary Fund ISBN: 1498336930 Category : Business & Economics Languages : en Pages : 31
Book Description
Integration of financial sector issues into bilateral surveillance has been a long-standing challenge. Financial stability is a key component of the domestic and external stability of members and is important for the promotion of the “stable system of exchange rates” envisaged under Article IV. But although financial sector issues and policies are at the core of the Fund’s surveillance mandate, their effective integration has been a challenge. To address this challenge, it is proposed to adopt a more risk-based approach to financial sector surveillance by making FSAP stability assessments part of Article IV surveillance for members with systemically important financial sectors.
Author: Olaf Weber Publisher: University of Toronto Press ISBN: 1442629339 Category : Business & Economics Languages : en Pages : 256
Book Description
Sustainable Banking introduces business leaders and students to the many ways in which financial institutions can manage their environmental and social impact and meet the needs of the current generation without compromising the needs of future generations. Olaf Weber and Blair Feltmate go beyond the business case for sustainability: how managing environmental, social, and governance risk can contribute to a bank’s bottom line – to make the sustainability case for banking: how banks and other financial institutions can make a positive impact on society. In their book, Weber and Feltmate discuss the key aspects involved in making a financial institution sustainable: how to manage the direct and indirect impacts of banking activities on the community and the environment, how to minimize and mitigate the environmental footprint of internal operations, and how to account for various types of environmental and social risk in lending and project finance. They also introduce sustainable banking products and strategies being adopted by industry leaders, such as responsible investing, social finance, and impact lending.
Author: Ifedayo Adeniyi
Author: Ifedayo Adeniyi
Author: Thomas Walker
Author: 
Author: Andrew Walker
Author: Adeboye Oyegunle
Author: Deborah C Poff
Author: Financial System Inquiry (Australia)
Author: International Monetary Fund. Monetary and Capital Markets Department
Author: Editor : Sona Kapila
Author: Olaf Weber