By Sonia Labatt, Rodney R. White
Eventually, a booklet that includes company responsiblity for the surroundings whereas protecting the practicality of shock for the base line. It covers the entire bases with admire to how in the monetary area businesses can comply with environmental switch, comprise environmental reporting of their stability ledgers, and know about the big variety of funding items with origins in environmental matters being brought into the marketplace. actually a pioneer in a box that instructions awareness.
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Extra resources for Environmental Finance: A Guide to Environmental Risk Assessment and Financial Products
We are no longer tying ourselves to the old assumption that a clean environment is bad for proﬁts. Thus, there is growing conﬁdence that environmental quality is justiﬁed by the bottom line. However, because environmental quality cannot be packaged like a physical commodity and sold in a traditional marketplace, innovation has been required to develop new ﬁnancial instruments that recognize and reward environmental virtue in the private sector. All this is happening at a time when our biggest environmental challenge—climate change—is injecting both uncertainty and urgency into the global situation.
Although the stock price changes are asymmetrical, it is clear that the stock market does value environmental events. For the case of a ﬁrm that has won an environmental award, this impact can be signiﬁcant. This lift in stock price may be due to the perceived reduction in risk level that the environmental award signals to the market. In addition to this change in risk level, strong environmental performance may give positive indications about the quality of management in general. Clearly, strong or weak environmental management is creating or destroying shareholder value in the ﬁrms under study.
Many regulatory systems governing ﬁnancial institutions that existed until the ﬁnal decades of the twentieth century were rendered unwieldy, if not out-of-date, by such technological advances. The introduction of electronic delivery channels for retail banking, such as phone centers, online banking, and automated teller machines (ATMs), has created greater economies of scale than traditional branching networks (Flur et al. 1997; Radecki et al. 1997; White 1998). When funds can be transferred instantly, regulated differentiation between ﬁnancial accounts and institutions becomes onerous and affects competitiveness.
Environmental Finance: A Guide to Environmental Risk Assessment and Financial Products by Sonia Labatt, Rodney R. White