The Cambridge Handbook of EU Sustainable Finance

Auteur
Kern Alexander holds the Professorial Chair in International Financial Law and Corporate Governance at the Faculty of Law, University of Zurich. He is the author of many research articles and books, including Principles of Banking Regulation (2019) and Global Governance of Financial Systems (2006). His report Stability and Sustainability in Banking Reform: Are Environmental Risks Missing in Basel III? (2014) was the first study of the interrelationship between banking regulation, environmental sustainability and climate change.Matteo Gargantini is Assistant Professor (tenure track) of Business Law at the University of Genoa. Previously, he worked at the University of Utrecht and at the Max Planck Institute Luxembourg for Procedural Law. Before joining academia, Matteo served at CONSOB, the Italian financial markets authority. He is an academic member of the Consultative Working Group for Corporate Finance of the Issuers Standing Committee at the European Securities and Markets Authority (ESMA). He is a regular lecturer at the LLM programme of Luigi Bocconi University and at the Frankfurt School of Finance and Management.Michele Siri is Professor of Corporate Law and Financial Regulation at the University of Genoa and Director of EUSFIL, the Jean Monnet Centre of Excellence on European Union Sustainable Finance and Law. He has held a Jean Monnet Chair on the EU regulation of financial and insurance markets. Since 2018, he has been a member of the Joint Board of Appeal of the European Supervisory Authorities, which he has been appointed to chair in 2021. He is a regular lecturer at the LLM programme of Luigi Bocconi University and at the Frankfurt School of Finance and Management. He is an academic member of the Advisory Committee of the Italian Financial Markets Authority.

Résumé
This essential reference work explores the role of finance in delivering sustainability within and outside the European Union. With sustainability affecting core elements of company, banking and capital markets law, this handbook investigates the latest regulatory strategies for protecting the environment, delivering a fairer society and improving governance. Each chapter is written by a leading scholar who provides a solid theoretical approach to the topic while focussing on recent developments. Looking beyond the European Union, the book also covers relevant developments in the United States, the United Kingdom and other major jurisdictions. Thorough and comprehensive, this volume is a crucial resource for scholars, policymakers and practitioners who aim for a greener world, a more equitable society and better-managed corporations.

Contenu

1. Introduction Kern Alexander, Michele Siri and Matteo Gargantini; 2. Taking finance seriously: understanding the financial risks of unsustainability Beate Sjåfjell; 3. Firm value versus social value: dealing with the Trade-offs Guido Ferrarini; 4. The hardening of corporate ESG Geneviève Helleringer and Christina Parajon Skinner; 5. Stakeholder engagement Monika Marcinkowska; 6. Bank governance and sustainability Kern Alexander; 7. Risk culture and sustainability Paola Schwizer, Simona Cosma and Lorenzo Nobile; 8. Conduct risk as a possible approach for enhancing ESG-related risks' awareness and management Antonella Sciarrone Alibrandi, Claudio Frigeni and Giulia Schneider; 9. Sustainability and executive compensation Roberto Barontini, Jennifer Hill; 10. Sustainability-related materiality in the SFDR Nathan de Arriba-Sellier and Arnaud Van Caenegem; 11. Information intermediaries and sustainability: the case of ESG ratings and benchmarks Matteo Gargantini and Michele Siri; 12. Integrating sustainable finance into the MiFID II and IDD investor protection frameworks Veerle Colaert; 13. The EU taxonomy regulation and the prevention of greenwashing Marleen Och; 14. Integrating sustainable finance into the prospectus regulation Iris Chiu and Pierre Schammo; 15. Disclosure regulation and sustainability Kern Alexander and Aline Darbellay; 16. Institutional Investors as the Primary Users of Sustainability Reporting Gaia Silvia Balp and Giovanni Strampelli; 17. The role of non-financial disclosure and liability in sustainable finance Sebastian Mock; 18. Macroprudential policies and climate risks Seraina Grünewald; 19. Integrating climate risk in banking regulation David Ramos Munoz; 20. Prudential requirements framework and sustainability Jens-Hinrich Binder; 21. Sustainable finance under EU Law: the gradual shift from capital markets to banking regulation Christos Gortsos; 22. Sustainability and fit and proper testing in the boards of banks, insurers and investment companies Iris Palm-Steyerberg; 23. Integration of sustainability risks and sustainability factors into insurance regulation Arthur Van den Hurk; 24. Sustainability enforcement through multilevel financial tools Tomasz Braun; 25. Capital markets legislation and emission allowances: a fruitful marriage? Filippo Annunziata; 26. Climate risk and the markets: the case of green derivatives Paolo Saguato; 27. The skin-in-the-game bond: a novel sustainable capital instrument Katrien Antonio, Jan De Spiegeleer, Wim Schoutens and Eva Verschueren; 28. Financial innovation in the process of financial inclusion Iwa Kuchciak; 29. Sustainable finance and fintech. A focus on capital raising Eugenia Macchiavello.