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Sustainable Finance: New Strategy in the Financial Sector Despite Coronavirus Crisis?

Author

Listed:
  • Alexander Bassen
  • Kerstin Lopatta
  • Karsten Löffler
  • Sebastian Rink
  • Christa Hainz
  • Tanja Stitteneder
  • Johann Wackerbauer
  • Sylvie Goulard
  • Sabine Mauderer
  • Andreas Dombret
  • Michael Leister
  • Ingo Speich

Abstract

Business and society are currently in the middle of the worldwide coronavirus crisis. However, climate protection and the promotion of sustainable development are still on the political agenda, and the topic of “sustainable finance” is growing in importance. The financial sector can be a lever for transforming the economy towards greater sustainability by channeling funds specifically into “green” investments. Will the importance of sustainable finance continue to grow for the capital market despite the coronavirus crisis? What does this mean for companies and investors? And how do financial institutions see the balancing act between green finance and returns?

Suggested Citation

  • Alexander Bassen & Kerstin Lopatta & Karsten Löffler & Sebastian Rink & Christa Hainz & Tanja Stitteneder & Johann Wackerbauer & Sylvie Goulard & Sabine Mauderer & Andreas Dombret & Michael Leister & , 2020. "Sustainable Finance: New Strategy in the Financial Sector Despite Coronavirus Crisis?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(10), pages 03-29, October.
  • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:10:p:03-29
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    References listed on IDEAS

    as
    1. Patrick Bolton & Morgan Després & Luiz A. Pereira da Silva & Frédéric Samama & Romain Svartzman, 2020. "Penser la stabilité financière à l'ère des risques écologiques globaux – Vers de nouveaux arbitrages entre efficience et résilience des systèmes complexes," Revue d'économie financière, Association d'économie financière, vol. 0(2), pages 41-54.
    2. Editorial, 2020. "Covid-19 and Climate Change," Journal, Review of Agrarian Studies, vol. 10(1), pages 5-6, January-J.
    3. Gunnar Friede & Timo Busch & Alexander Bassen, 2015. "ESG and financial performance: aggregated evidence from more than 2000 empirical studies," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 5(4), pages 210-233, October.
    4. Patrick Bolton & Morgan Després & Luiz Awazu Pereira da Silva & Frédéric Samama & Romain Svartzman, 2020. "The green swan," BIS Books, Bank for International Settlements, number 31.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Nachhaltige Entwicklung; Regulierung; Finanzwirtschaft; Finanzmarkt;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General

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