Beatrice Crona, Carl Folke, Victor Galaz. "The Anthropocene Reality of Financial Risk". One Earth. Accessed June 16, 2024. https://www.sciencedirect.com/...
Financial services are critical for corporate activities to regenerate and promote biosphere resilience as a key strategy to confront the new risk landscape and are essential to the transformation needed for a sustainable future. Current financial risk frameworks focus mainly on financial materiality and risks to the financial sector while failing to account for investment externalities that aggravate climate and other environmental changes and set the sustainable finance initiatives off course. This analysis of environmental, social, and governance ratings and estimates of global green investments shows the Anthropocene reality of financial risk and what this means for the ability of society at large, and finance in particular, to deliver on sustainability ambitions and global goals.
Posted on 16/06/24
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