How to sensitize the financial industry to resource efficiency considerations and climate change related risks
- Increasing resource efficiency can potentially deliver important economic and environmental benefits. Many of these benefits are regularly foregone because the financial sector's capacity to adequately take the opportunities and risks arising from resource utilization and related climate change aspects into account has so far remained relatively undeveloped. Focusing on the case of Germany, a number of barriers to the inclusion of resource efficiency and climate change aspects into financial services' considerations are presented. Corresponding measures for improving the capacity of the financial sector to better integrate resource efficiency considerations and climate change related risks into its operating procedures are introduced. TheIncreasing resource efficiency can potentially deliver important economic and environmental benefits. Many of these benefits are regularly foregone because the financial sector's capacity to adequately take the opportunities and risks arising from resource utilization and related climate change aspects into account has so far remained relatively undeveloped. Focusing on the case of Germany, a number of barriers to the inclusion of resource efficiency and climate change aspects into financial services' considerations are presented. Corresponding measures for improving the capacity of the financial sector to better integrate resource efficiency considerations and climate change related risks into its operating procedures are introduced. The measures encompass the areas of risk controlling, company reporting, institutional reporting requirements, as well as additional supporting measures.…
Document Type: | Peer-Reviewed Article |
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Author: | Mathias Onischka, Christa LiedtkeORCiDGND, Nino David Jordan |
URN (citable link): | https://nbn-resolving.org/urn:nbn:de:bsz:wup4-opus-45807 |
DOI (citable link): | https://doi.org/10.1142/S1464333212500172 |
Year of Publication: | 2012 |
Language: | English |
Source Title (English): | Journal of environmental assessment policy and management |
Volume: | 14 |
Issue: | 3 |
Divisions: | Nachhaltiges Produzieren und Konsumieren |
Dewey Decimal Classification: | 330 Wirtschaft |
Licence: | In Copyright - Urheberrechtlich geschützt |