| Description |
1 online resource (158 pages) |
| Series |
Palgrave Studies in Impact Finance |
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Palgrave studies in impact finance.
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| Contents |
Intro -- Preface -- Contents -- Notes on Contributors -- List of Figures -- List of Tables -- 1 The Sustainability-Financial Risk Nexus -- 1.1 Introduction -- 1.2 The Role of Finance in Fostering Sustainability -- 1.2.1 The Sustainable Development Goals (SDG) and the Paris Agreement -- 1.2.2 The Rise of Sustainable Finance -- 1.3 Sustainability and Finance: A Two-Way Relationship -- 1.3.1 Positioning the Sustainability-Financial Risk Nexus -- 1.3.2 Sustainability-Related Risks and Observed Channels of Transmission to the Financial Markets |
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1.3.2.1 Climate Change: Physical Risk, Transition Risk and Liability Risk -- 1.3.2.2 Distressed Commodity Markets -- 1.3.2.3 Environmental Degradation and Social Inequality -- 1.4 A Wider Look at the Sustainability-Financial Risk Nexus -- 1.5 Pricing the Sustainability-Related Risks and New Market Failures -- References -- 2 The Impact of Climate Risks on the Insurance and Banking Industries -- 2.1 Introduction -- 2.2 Impacts on the Insurance Industry -- 2.2.1 Types of Risks -- 2.2.2 Uninsurable Risks and Losses -- 2.2.3 Business Models and Pricing Adjustments -- 2.2.4 Third-Party Liability Risks |
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2.2.5 Reinsurance of Climate Risks -- 2.3 Impacts on the Banking Industry -- 2.3.1 Lack of Data on the Impact of Climate Risks -- 2.3.2 Possible Pricing Adjustment Strategies -- 2.3.3 Systemic Impact and Market Failures -- 2.4 The Problem of Measuring the Exposure to Climate-Related Risks -- 2.5 Conclusions -- References -- 3 Stranded Assets and the Transition to Low-Carbon Economy -- 3.1 Introduction -- 3.2 The History of Stranded Assets -- 3.2.1 The Low-Carbon Transition and "Unburnable" Carbon -- 3.3 The State of Literature on Stranded Assets -- 3.3.1 Factors of Stranded Assets Risk |
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3.4 A Typology for Identifying and Measuring Stranded Assets Risk -- 3.4.1 Types of Stranded Assets -- 3.4.2 Regions and Industries -- 3.4.3 Stakeholders -- 3.5 Case Study: Stranded Assets by Region -- 3.5.1 Approach to Stranded Assets by Different Economies -- 3.5.2 Case Study Review and Assessment -- 3.5.3 INCDs and Sector Breakdown -- 3.5.3.1 Global Outlook for Assets at Risk -- 3.5.3.2 Africa -- 3.5.3.3 EU, Asia and North America -- 3.5.3.4 SIDS-Caribbean and Pacific -- 3.5.3.5 Middle East -- 3.6 A Research Agenda for Stranded Assets Risk -- References |
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4 Sustainability-Related Risks, Risk Management Frameworks and Non-financial Disclosure -- 4.1 Introduction -- 4.2 Risk Management and Sustainability-Related Risks -- 4.2.1 Including Sustainability-Related Risks in the Risk Management Framework -- 4.2.2 Identifying the Risk Context -- 4.2.3 Assessing the Risks (Definition of Risk Scenarios) -- 4.2.4 Setting the Risk-Taking Strategy -- 4.2.5 Implementing the Risk-Taking Strategy -- 4.3 Disclosure of Sustainable Activities and Related Risks -- 4.3.1 Materiality of Sustainability-Related Risks and Disclosure |
| Summary |
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 |
| Notes |
4.3.2 Main Existing Standards and Frameworks |
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Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force. WlAbNL |
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Print version record |
| Subject |
Financial institutions.
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Sustainability.
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Climatic changes.
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Climate Change
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climate change.
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financial institutions (institutions)
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Finance.
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Central government policies.
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Sociology.
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Sustainability.
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Financial services industry.
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Management & management techniques.
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Business & Economics -- Finance.
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Political Science -- Public Policy -- Environmental Policy.
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Social Science -- Sociology -- General.
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Science -- Environmental Science.
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Business & Economics -- Insurance -- Risk Assessment & Management.
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Climatic changes
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Financial institutions
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Sustainability
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| Form |
Electronic book
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| Author |
Migliorelli, Marco
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Dessertine, Philippe
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| ISBN |
9783030545307 |
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303054530X |
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