Sustainable Finance and Banking by Marcel Jeucken pdf free download

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Sustainable Finance and Banking by Marcel Jeucken pdf free download

Sustainable Finance and Banking by Marcel Jeucken pdf free download. Sustainable development has featured more and more prominently on the international agenda for governments and business over the last few decades. Environmental policy in The Netherlands originally focused on business, the main source of environmental damage. The financial sector was explicitly brought on board for the first time in the late 1990s. The 1997 policy document on the environment and the economy was the first to describe a role for the financial sector.

Sustainable Finance and Banking by Marcel Jeucken pdf free download

It states that capital and financiers will need to be involved in integrating the environment into business practice and the economy.
Three initiatives that have strengthened the role of the financial sector in environmental policy are:
1 The Green Investment Incentive Scheme, launched in 1995, which offers individuals, companies and public authorities loans at 2 or more per cent below market rates for green or environmentally friendly projects.
2 The Netherlands Bankers’ Federation and the government’s multi-year energy conservation agreement, concluded in 1996, which aims to increase energy efficiency by 25 per cent over 1995 levels by 2006.
3 An Environmental Council for the Banking Sector, set up in 1999, which enables the banking world and the government to consult on how the financial sector can do more to promote sustainable development.

Sustainable Finance and Banking by Marcel Jeucken pdf free download

Topics debated include how banks can get involved in the clean development mechanism and joint implementation, and what banks are contributing to funding for soil remediation. There have also been sustainable banking initiatives at the international level, including UNEP’s important declaration on banking and the environment. Financial institutions which sign up to this declaration recognize their duty to stimulate sustainable development and commit themselves to integrating environmental considerations into their internal management and commercial decisions. So far some 175 financial institutions around the world have signed the declaration.

Sustainable Finance and Banking by Marcel Jeucken pdf free download

It is vital that sustainable banking should not be confined to just a few countries, as banking activities and capital flows are not confined by national borders.
Sustainable Banking 10/9 12/9/01 1:30 pm Page ix
The financial sector is involved in the environment in many ways:
• as investors, providing businesses with capital for investment;
• as developers of financial products that can strengthen sustainable development, such as energy-saving or green investment funds;
• as stakeholders who have an interest in preventing businesses running environmental risks; and
• as polluters.

Sustainable Finance and Banking by Marcel Jeucken pdf free download

The financial sector used to view the environment as a source of financial risk, for example when companies discover their site is polluted. Nowadays, the opportunities presented by the environment are also being discovered. Banks in The Netherlands and elsewhere are increasingly developing sustainable banking products, such as environment-related investment funds, green mortgages and sustainable insurance policies. Trailblazers began on a small scale in the 1960s and 1970s. New challenges lie in climate issues and in coming up with financial innovations and ideas to help businesses manage carbon dioxide in a cost-effective way.

Sustainable Finance and Banking by Marcel Jeucken pdf free download

Sustainable Finance and Banking by Marcel Jeucken pdf free download

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