This book challenges current financial models and practices, and suggests that a new paradigm is emerging, which makes sustainability a realistic approach for financial institutions and markets. It provides a broad outlook of the integration of sustainability in the financial sector. It has thematic diversity: various subjects are covered in this rich set of original essays. The depth of analysis is innovative and forward-looking, and spans a wide range of issues and countries. It suggests that a paradigm shift has already started in the financial world and is visible in many ways. It brings together contributions written by academics and practitioners, in order to provide the reader with several viewpoints originating from different spheres.What has prompted the shift toward sustainability in numerous financial areas? Can investors' mindsets be changed to embrace a long-term view? Can shareholders and activists play a greater role in encouraging financial actors to behave more responsibly? These are some of the relevant topics that are explored in this forward-looking set of essays.
Explaining the Take-Off of Socially Responsible Investment; P. Arena; Insurers' Corporate Responsibility Policies: A Response to the Industry's Bad Image?; H-C. de Bettignies; Is Financial Pressure for Sustainability, Sustainable?; P. Dembinski; The Relative Valuation of Socially Responsible Firms: An Exploratory Study; A. Fatemi, I. Fooladi and D. Wheeler; Microfinance, Financial Inclusion and Social Responsibility; I. Guerin, M. Roesch and J-M. Servet; The future of finance? Sustainable Banking and the Banco Real Model; L. Johnson and C. Scholten; Putting Human Rights on the Agenda: The Use of Shareholder Proposals to Address Corporate Human Rights Performance; A. Kanzer; Socially Responsible Investment: Global Convergence or Local Divergence?; C. Louche; Building the Case for Long-Term Investing in Stock Markets: Breaking Free from the Short-Term Measurement Dilemma; S. Lydenberg; Financing Agriculture in Developing Countries: Governance Models Promoting Sustainability; S. Morvant-Roux; Disarming Finance: the Case of the Financing of a Human Right, Access to Water Resources; R. Petrella; Investments for Sustainability: The Business Case in Support of Innovation, Development and Implementation of Sustainable Development Solutions in the 21st Century; A. White.