IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-45689-3_3.html
   My bibliography  Save this book chapter

Sustainability in Finance: Frameworks, Standards, and Scores

In: Hardwiring Sustainability into Financial Mathematics

Author

Listed:
  • Armen V. Papazian

    (University of Cambridge)

Abstract

This chapter discusses a number of key developments in the sustainable finance field and argues that the frameworks and standards of reporting climate and sustainability related information fall short of penetrating finance theory and do not transform our core equations in the field. The standards and frameworks of sustainability, built around ESG factors, do not elaborate nor provide the broader transformations through which the reported information must be used/interpreted/applied by investors. In other words, our spaceless equations remain intact and ESG integration is tantamount to adjusting variables in our existing models. Moreover, the chapter reveals that across the many strands of the sustainable finance field today, the logic and principles that govern money mechanics, i.e., money creation, are left out of the debate and assumed to be exogenous—as if our monetary architecture is immaterial to the sustainability challenge/opportunity.

Suggested Citation

  • Armen V. Papazian, 2023. "Sustainability in Finance: Frameworks, Standards, and Scores," Springer Books, in: Hardwiring Sustainability into Financial Mathematics, chapter 0, pages 29-67, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-45689-3_3
    DOI: 10.1007/978-3-031-45689-3_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    Sustainability; Financial mathematics; Money; Value; Risk; Time; Space; Impact; ESG;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G00 - Financial Economics - - General - - - General
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-45689-3_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.