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Environmental responsibility and exposure of finance: Combining environmentally-extended input-output and balance sheet approaches

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  • Hadji-Lazaro, Paul

Abstract

Finance both contributes to environmental degradation and is vulnerable to environmental degradation. This article sets the methodological groundwork for assessing both concerns in an integrated macroaccounting framework. It presents how the combination of environmentally extended Input-Output analysis and balance sheet methods and data can be used to evaluate the contribution of finance to environmental degradation (responsibility) and the vulnerability of finance to environmental risks (exposure). In doing so, the article contributes to the development of a disaggregated ecological macroeconomics integrating monetary and biophysical flows and stocks.

Suggested Citation

  • Hadji-Lazaro, Paul, 2025. "Environmental responsibility and exposure of finance: Combining environmentally-extended input-output and balance sheet approaches," Ecological Economics, Elsevier, vol. 228(C).
    • Handle: RePEc:eee:ecolec:v:228:y:2025:i:c:s092180092400363x
    DOI: 10.1016/j.ecolecon.2024.108466
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    Keywords

    Environmental footprint; Material flow analysis; Environmental risks; Financial risks; Double materiality; Input-Output analysis; Balance Sheet analysis;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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