Sustainable Financial
Innovations
Editor
Karen Wendt
External Lecturer
Modul University, Vienna, Austria
Munich, Germany
A SCIENCE PUBLISHERS BOOK
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A SCIENCE PUBLISHERS BOOK
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Library of Congress Cataloging-in-Publication Data
Names: Wendt, Karen, editor.
Title: Sustainable financial innovations / editor, Karen Wendt, External
Lecturer, Modul University, Vienna, Austria, Munich, Germany.
Description: First Edition. | Boca Raton, FL : Taylor & Francis, [2018] |
Includes bibliographical references and index.
Identifiers: LCCN 2018002461 | ISBN 9781498796736 (hardback)
Subjects: LCSH: Financial engineering. | Sustainable development. | Risk
management. | Capitalism--Social aspects.
Classification: LCC HG176.7 .S87 2018 | DDC 332--dc23
LC record available athttps://lccn.loc.gov/2018002461
Preface
It was a formidable task to assemble such an authoritative set of
contributors’ for this publication. It could also be seen as the coming of
age of
Innovation and Impact Investing
. Many volumes have concentrated
on global and professional perspectives of sustainable investing using
concepts like the UN Principles for Responsible Investment or Socially
Responsible Investing. This book focuses on investment and fnance
reinvention with new concepts, new products and emphasises on
innovation, which is now in the eye of the storm.
The book as should be recommended reading for all business leaders,
investment bankers, intermediaries, pension fund managers and Phd
students and for all who are preparing for careers in fnancial services,
technology or social science. All service professionals should be required
to refect on the issues and cases presented herein and to respond in
writing, describing their own practice against such a background.
While the social welfare state has been the answer of the 20th century
to aforementioned problems, sustainable fnancial innovation and impact
investing using an integral approach may prove helpful in delivering
the answers to the challenges of the 21st century. Sustainable Financial
Innovation has a potential to create value for humanity. Following the
fnancial crisis of 2008, corporates, banks and national governments have
come to realized that they need to increase fnancial stability, reduce systemic
risk, strengthen governance and reinvent the industry in a sustainable
cooperative manner inviting innovation for social and environmental
good while addressing social and environmental challenges in business
through a new approach in investment and fnance. Social entrepreneurs
and civil action is growing all over the planet. These new entrepreneurs,
however, need structured business models and access to capital. The
World Bank and the United Nations have estimated that the investment
gap is as large as 7 trillion US Dollars. What investors have to create
through clever structures is access to capital for those entrepreneurs who
are in a nascent stage and need support and capital to grow and become
stars of the future—the share companies of the future. This gap will not be
solved by socially responsible investing or any tool or fltering approach
like governance and ESG. This gap will not be addressed by just investing。