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The Role of Finance in Achieving Sustainability

In: The Financial Ecosystem

Author

Listed:
  • Satyajit Bose

    (Columbia University)

  • Guo Dong

    (Columbia University)

  • Anne Simpson

    (CalPERS)

Abstract

We describe trends which have led to calls on the financial system to aid in global efforts to ensure sustainable development. We outline the three traditional roles of the financial sector: allocation of scarce capital to its highest-valued use, the matching of savers to investors, and the generation of the most accurate possible signals of scarcity and abundance. We outline modes of analysis which can extend the traditional functions of the financial system to advance sustainability through the identification and evaluation of sources of long-term value creation that accounts for natural and human capital, the development of appropriate investment products for responsible investors, and the search for risks and opportunities arising from the potential transgression of planetary boundaries.

Suggested Citation

  • Satyajit Bose & Guo Dong & Anne Simpson, 2019. "The Role of Finance in Achieving Sustainability," Palgrave Studies in Impact Finance, in: The Financial Ecosystem, chapter 0, pages 1-18, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-030-05624-7_1
    DOI: 10.1007/978-3-030-05624-7_1
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    Cited by:

    1. Herwig Buchholz & Thomas Eberle & Manfred Klevesath & Alexandra Jürgens & Douglas Beal & Alexander Baic & Joanna Radeke, 2020. "Forward Thinking for Sustainable Business Value: A New Method for Impact Valuation," Sustainability, MDPI, vol. 12(20), pages 1-16, October.
    2. Vuk Mirčetić & Tatjana Ivanović & Snežana Knežević & Vesna Bogojević Arsić & Tijana Obradović & Darjan Karabašević & Svetlana Vukotić & Tomislav Brzaković & Miljan Adamović & Stefan Milojević & Marko , 2022. "The Innovative Human Resource Management Framework: Impact of Green Competencies on Organisational Performance," Sustainability, MDPI, vol. 14(5), pages 1-19, February.

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