Sustainable Banking and Finance: People-The Financial Sector and the Future of the Planet

Contents......Page 4
List of boxes, figures and tables......Page 7
Foreword by Jan Pronk......Page 10
Foreword by Hans Smits......Page 12
Acknowledgements......Page 14
List of acronyms and abbreviations......Page 16
Trends......Page 20
General structure of the book......Page 22
Structure by chapter......Page 24
Part I Sustainability: A General Introduction......Page 28
Introduction......Page 30
Environmental issues......Page 31
Environmental consciousness......Page 35
Sustainable development......Page 40
Environmental policy......Page 46
Conclusion......Page 53
Introduction......Page 56
Corporate governance and sustainable development......Page 57
Sustainable business......Page 60
Accountability and reporting......Page 64
Conclusion......Page 67
Introduction......Page 71
Banks and their function in an economy......Page 72
The drive behind sustainability at banks......Page 80
Intermediation and sustainability......Page 86
Sustainable banking......Page 90
Conclusion......Page 93
Part II Banking and Sustainability......Page 100
Introduction......Page 102
Sustainable investment funds......Page 103
Fiscal green funds......Page 111
New, more sustainable financial products: Committed resources......Page 116
New, more sustainable financial products: Investments......Page 121
Sustainability and advice from banks......Page 128
The financial sector and the Kyoto Protocol......Page 130
Conclusion......Page 135
Introduction......Page 137
Environmental risks for clients......Page 139
Indirect environmental risks for banks......Page 148
Direct environmental risks for banks......Page 154
Risks to banks’ reputations......Page 158
Instruments for analysing environmental risk......Page 162
Conclusion......Page 165
Introduction......Page 167
Energy......Page 168
Waste......Page 172
Sustainable building......Page 173
Supply and distribution chain management......Page 174
Conclusion......Page 175
Introduction......Page 179
The organization of sustainability within banks......Page 180
The role of internal communication......Page 188
The role of external communication......Page 191
External accountability and the risks of external communication......Page 197
Conclusion......Page 200
Part III In Reflection......Page 202
Introduction......Page 204
Codes of conduct, environmental reporting and environmental management systems (EMSs)......Page 207
Environmental care in practice: Reported policy, objectives and data......Page 209
Environmental care in practice: Products and risk management......Page 211
Socioeconomic activities and sponsoring......Page 216
Integral score of sustainable banking......Page 218
Conclusion......Page 219
Introduction......Page 223
Are incremental steps sufficient?......Page 225
The existing economic system......Page 226
Are there shortcomings associated with the current economic paradigm?......Page 230
Sustainable development as a paradigm shift......Page 232
Sustainable development: Another way of seeing......Page 235
Introduction......Page 239
The trends: A summary......Page 240
A link to the future......Page 242
The role of banks in a sustainable future......Page 245
Conclusion......Page 247
Appendix I Environmental Performances of Developed Countries......Page 250
Appendix II Sectoral Changes in the Pursuit of Sustainability: A Dutch Scenario......Page 252
Appendix III IFC Project Classification for Environmental Assessments......Page 254
Appendix IV Example of an Environmental Risk Checklist......Page 256
Appendix V The ICC Business Charter for Sustainable Development: Principles for Environmental Management......Page 258
Appendix VI UNEP Statement by Financial Institutions on the Environment and Sustainable Development......Page 261
Appendix VII List of Signatories to the UNEP Statement by Financial Institutions on the Environment and Sustainable Development......Page 263
Appendix VIII Overview of Characteristics of Selected Banks......Page 270
Appendix IX An Integral Score for Sustainable Banking......Page 274
Appendix X Ecological Economics......Page 277
Appendix XI Zero Growth and Other Solutions?......Page 278
Appendix XII The Prisoner’s Dilemma......Page 280
Glossary......Page 282
Notes......Page 286
References......Page 314
Index......Page 329