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The financial markets are experiencing a profound transformation with the introduction of new sustainability-focused regulations. Large shifts often come with disruptions and confusion. This book introduces the operating system' for financial markets, exploring how changes are implemented across the capital value chain.
First, it presents the new operating system governing information and capital flows between the companies and the capital owners. While specific regulations differ, their general aim is remarkably similar: redirecting global capital flows.
Second, the book looks at how these regulations are implemented on the ground level. It analyzes how capital managers are taking decisions, considering the non-financial preferences of the capital owners. It also analyzes the new emerging IT landscape which helps companies to comply and leverage the new set of information provided by the new regulation.
This book offers a comprehensive look at the complex and multi-dimensional integration of sustainability into finance. The overview of the technological landscape will be an additional benefit for those looking to implement sustainability-related changes in their processes. The book will be of interest to students, researchers, and policymakers in sustainable finance and capital market regulation.
List of contents
1. Setting the Stage: The Why and What of Sustainable Finance.- 2. Foundations of Sustainable Finance: Theory and Practice.- 3. The Rulebook: Regulatory Frameworks and Policies.- 4. The Common Language: Disclosure, Materiality and Measurement.- 5. Financial Instruments.- 6. The Data Foundation of Sustainable Finance.- 7. Conclusion and Outlook.
About the author
Wolfgang Spiess-Knafl is Co-Director of the European Center for Social Finance and Managing Director of Next Generation Impact in Vienna. He has worked on the development of the social finance market for the European Commission and written studies on social finance for the European Parliament or the European Liberal Forum, among others. Recently, he has written a book on "Artificial Intelligence and Blockchain for Social Impact".
Barbara Scheck is the Professor for Entrepreneurship at Munich Business School and Co-Director of the European Center for Social Finance. Her research focuses on the financing of social enterprises, impact and mission-related investing and impact assessment. Prior to joining MBS, Barbara was assistant professor for social investment at Hamburg University.
Summary
The financial markets are experiencing a profound transformation with the introduction of new sustainability-focused regulations. Large shifts often come with disruptions and confusion. This book introduces the ‘operating system' for financial markets, exploring how changes are implemented across the capital value chain.
First, it presents the new operating system governing information and capital flows between the companies and the capital owners. While specific regulations differ, their general aim is remarkably similar: redirecting global capital flows.
Second, the book looks at how these regulations are implemented on the ground level. It analyzes how capital managers are taking decisions, considering the non-financial preferences of the capital owners. It also analyzes the new emerging IT landscape which helps companies to comply and leverage the new set of information provided by the new regulation.
This book offers a comprehensive look at the complex and multi-dimensional integration of sustainability into finance. The overview of the technological landscape will be an additional benefit for those looking to implement sustainability-related changes in their processes. The book will be of interest to students, researchers, and policymakers in sustainable finance and capital market regulation.
