We consider a framework in which both a principal and an agent care about a social mission, such as addressing social or environmental concerns. The agent requires financing and must satisfy a budget constraint. Under incomplete information, in addition to the usual quantity distortions for...

It will be impossible to contain the global temperature rise to 1.5 to 2 degrees Celsius above pre-industrial levels unless emerging market and developing economies (EMDEs) decarbonise much more rapidly. This policy brief examines the economic case for advanced-country financial support for...

In recent years the transition towards a model of sustainable economic development has assumed central importance for the financial system. The inclusion of environmental, social and governance aspects (ESG - Environmental, Social and Governance) is taking an important role in the investment and...

This publication, developed in collaboration with Tameo, analyzes insights from the SSF Swiss Sustainable Investment Market Study 2024 and Swiss-specific data from the Tameo Private Asset Impact Fund Report 2023. Together, they provide a comprehensive view of the Swiss impact investing landscape...

This research examines the incorporation of Environmental, Social, and Governance (ESG) factors into portfolio construction, focusing on identifying companies with strong ESG practices and their relationship with financial performance. Drawing on a US sample of companies and timely ESG data...

Impact investing is a class of investments that are designed to meet the non-pecuniary preferences of investors (or beneficiaries) and aim to generate a positive externality actively and causally through their ownership and/or governance of the companies they invest in. Impact investing emerged...

Impact investing is based on using the ESG framework as a tool to evaluate firms that engage in generating positive impact. Most impact investors and fund managers now integrate the ESG framework in their investment and stock-picking process. However, due to lack of standardisation of ESG...

Green bonds are financial instruments that deliver both returns and environmentally positive outcomes. They can be a key part of strategies to incorporate climate action into financial decision-making and help developing countries meet their Paris Agreement and Sustainable Development Goal...

In this paper we investigate the opportunity to issue a Special Purpose Vehicle with a mixed capital structure dedicated to the development of green and social infrastructure in less developed areas of the European Union

These lectures notes have been written for the course in Sustainable Finance given at the University of Paris-Saclay. The slides cover the following topics: (1) Introduction, (2) ESG Investing, (3) Impact of ESG Investing on Asset Prices and Portfolio Returns, (4) Equity Portfolio Optimization...

The rise of sustainable finance, ESG investment, and sustainability reporting, has gradually led to a growing disconnect among many financial-sector and corporate stakeholders, which can be observed between their positive sustainability performance claims and the organizational resources and...

We consider a framework in which both a principal and an agent care about a social mission, such as addressing social or environmental concerns. The agent requires financing and must satisfy a budget constraint. Under incomplete information, in addition to the usual quantity distortions for...

"This essential book provides a comprehensive overview of early-stage impact investing, discussing best practices and equipping readers with the resources to make effective investments that achieve financial returns and societal or environmental benefits. The book's co-authors, who are...

"The Little Book of Impact Investing will be an introduction to impact investing for all types of investors who aspire to do a little more than just profit from their investments.. It will explore some of the more fundamental questions like what impact investing is and isn't; who are today's...

TABLE OF CONTENT -- PREFACE -- ACKNOWLEDGEMENTS -- INTRODUCTION TO ESG APPROACH -- ENVIRONMENTAL FACTORS IN ESG INVESTING -- SOCIAL AND CORPORATE GOVERNANCE FACTORS IN ESG INVESTING -- ESG INTEGRATION IN INVESTMENT ANALYSIS -- ESG DATA AND METRICS -- IMPACT INVESTING AND THE EFFECTIVENESS OF...

Chapter 1: Introduction to Corporate Finance under Climate Crisis -- Chapter 2: Climate Change: Key Concepts for the Corporate Sector -- Chapter 3: Climate Change and the Challenges for Central Banks: Implications for Monetary Policy and Financial Stability -- Chapter 4: Non-Financial...

Introduction to alternative finance / Hasnan Baber, Mina Fanea-Ivanovici -- Innovative entrepreneurship through alternative finance : a framework for sustainable and innovative business models / Pitshou Moleka -- A nexus of digital entrepreneurship and industry 5.0 / Hajar Fatorachian, Chase...

"Sustainable Development Sustainable finance involves making investment decisions that consider not only financial returns, but also environmental, social, and governance factors. Additionally, the role and contribution of sustainable finance mechanisms in the transition to a resilient,...

There are many studies confirming the relationship between financial systems and economic development, but there are few which examine the degree to which financial systems a. impact the quality of information, b. influence sound corporate governance, c. ensure effective mechanisms of risk...

These lectures notes have been written for the course in Sustainable Finance given at the University of Paris-Saclay. The 725 slides cover the following topics: (1) the Market of ESG Investing, Ecosystem of Responsible Investing (2) ESG Scoring & Ratings, Performance of ESG Investing, ESG...