Global S&T Development Trend Analysis Platform of Resources and Environment
Stimulating Non-Bank Financial Institutions’ Participation in Green Investments | |
[unavailable] | |
2018-08-13 | |
出版年 | 2018 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
![]() Most non-bank financial institutions are ideally positioned to steer corporate capital allocation toward more sustainable uses. We analyze the approaches adopted by institutional investors to manage climate risk in their portfolios and propose policies to increase climate awareness in this large segment of the capital markets. Because of their size and their role as conduit of savers’ climate concerns to the capital markets, most non-bank financial institutions are ideally positioned to steer corporate capital allocation toward more sustainable uses. Over the past decades, an increasing number of institutional investors have adopted strategies to mitigate climate exposure. These include negative screening, positive screening, active ownership, sustainability ratings, and hedging of climate risks. These strategies reflect specific fund manager mandates and the recognition that climate risks can have a tangible impact on financial assets’ valuations and, as a result, institutional fund performance. We review the evidence about the adoption of these strategies, in both advanced and developing capital markets. We then analyze the pros and cons of each strategy in promoting more sustainable climate practices and identify best practices. We conclude with policy recommendations for capital markets regulators to incentivize the adoption of sustainable practices among institutional investors. WORKING PAPER NO: 860 |
URL | 查看原文 |
来源平台 | Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/235646 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Stimulating Non-Bank Financial Institutions’ Participation in Green Investments,2018. |
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文件名称/大小 | 文献类型 | 版本类型 | 开放类型 | 使用许可 | ||
adbi-wp860.pdf(402KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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