Making the Financial System Sustainable

Description

The EU Action Plan on Financing Sustainable Growth is the most advanced and comprehensive policy agenda on sustainability in the world. But is it going in the right direction? Acting as a bridge between policy and academia, this up-to-date contribution to the global policy debate brings together some of the leading experts from the European Commission's High-Level Expert Group on Sustainable Finance, to discuss how the financial system needs to be reformed to promote sustainability. Finance has long been criticized for being short-term focused and concerned with maximizing returns to intermediaries, rather than with the interests of savers and borrowers. The financial system must now take into account environmental, social and governance considerations to support a sustainable economy and this volume offers new insights on the way forward. A must-read for anyone working on financial sector policy and sustainability.

Paul G. Fisher is a Fellow at the Cambridge Institute for Sustainability Leadership.

'Paul Fisher and co-authors provide a welcome and much-needed assessment of how the financial system must underpin sustainable economic growth. This is an important contribution to a rapidly changing landscape.' Andrew Bailey, Bank of England and Chair of the Monetary Policy Committee 'Practical. Candid. Timely. A must-read for finance practitioners who have heard the calls to action and are seeking the practical ways forward for finance to respond to the climate science.' Rhian-Mari Thomas, Green Finance Institute