دانلود کتاب جنبه های جهانی تامین مالی پایدار در زمان بحران

Sustainable finance is increasingly becoming one of the most researched academic subjects in the area of economics and finance. Environmental, Social and Governance (ESG) practices are also becoming decisive in today’s business environment. ESG practices play a key role in a company’s financial performance and “good-citizen” performance. As expected, sustainable finance, as a new research subject, raises a lot of questions and generates many debates. On the one hand, academics design models to explain the causes for this interest in sustainable finance and analyze its implications for long-term growth and prosperity. On the other hand, businesses discover the virtues of sustainable finance and adopt the ESG principles either to make a real contribution to corporate and social sustainability or to improve how they are perceived by environmentally conscious consumers and other interested parties, thereby distinguishing themselves from competition. Arguably, corporations respond to society’s demands for more transparency, better management practices and accountability with respect to the environment and other ESG aspects. Few academics doubt that sustainable finance could be a real motive for business practices. To put it differently, they believe that sustainable finance strategies simply cannot be profitable. They argue that to satisfy the new trends in sustainable finance, corporations would rather adopt less costly strategies, like “greenwashing”, i.e. strategy aiming at trumping up a company’s green credentials, which do not actually contribute to economic growth and sustainability.