Editorial Reviews
Midwest Book Review
There is reason to believe that financial markets, in pursuit of short-term goals, undervalue environmental resources, discount the future, and favor accounting and reporting systems that do not reflect environmental risks and opportunities. Companies outside the financial sector that use natural resources and cause pollution have had to grapple with environment and sustainability issues longer than those companies in the financial community. It may now be the financial sector's turn to face the threat of various types of environment-related liabilities. Largely descriptive rather than prescriptive, Financing Change: The Financial Community, Eco-Effici-ency, And Sustainable Development is the first study to examine questions that will become increasingly important as populations burgeon and the developing countries enter financial markets. It examines these issues in separate chapters covering viewpoints of the financial market participants, company directors, investors and analysts, bankers, insurers, accountants, and raters. The Financial Community is an important contribution to economic studies programs and is a highly recommended addition for all financial management and economics reading lists.
Book Description
Prominent industrialist Stephan Schmidheiny, coauthor of the influential book, Changing Course: A Global Business Perspective on Development and the Environment, joins Argentinean business leader Federico J. L. Zorraquín and the other 123 members of the World Business Council for Sustainable Development in taking a close look at whether the workings of financial markets (stocks, bonds, banks, and insurance companies) do, or should, support sustainable development.
Largely descriptive rather than prescriptive, Financing Change is the first study to examine questions that will become increasingly important as populations burgeon and the developing countries enter financial markets. It examines these issues in separate chapters covering the viewpoints of the financial market participants: company directors, investors and analysts, bankers, insurers, accountants, and raters.
--This text refers to the
Paperback
edition.
Financing Change
Financing Change,Stephan Schmidheiny,Federico Zorraquin,World Business Council for Sustainable Development,MIT Press,0262193701,Banks & Banking,Business / Economics / Finance,Business/Economics,Development - Economic Development,Economic Development,Economics,Economics - General,Environmental Economics,Environmental aspects,Financial services industry,Moral and ethical aspects,Social responsibility of business
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