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Hardcover | Out of Print | 235 pp. | 5.9 x 8.9 in | January 1996 | ISBN: 9780262193702
Paperback | $6.75 Short | £5.95 | 235 pp. | 5.9 x 8.9 in | March 1998 | ISBN: 9780262692076
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Financing Change

The Financial Community, Eco-efficiency, and Sustainable Development


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.


“"Financing Change documents the emerging focus within the capital markets on environmental performance. Stephan Schmidheiny and Federico zorraquin show why ecoefficiency is becoming of financial value."”
Jonathan Lash, President, World Resources Institute
“"Financing Change reads like a vade mecum to forge modern company philosophies. It represents an important step ahead in the process started at the United Nations Conference on Environment and Development in Rio in 1992, now carried on by the WBCSD. It opens new avenues for partnerships with NGOs such as ours."”
Dr. Claude Martin, Director General, World Wide Fund for Nature
“"Discussions of sustainable development tend to be warm and fuzzy. Any move toward precision is to be applauded. This book tries to get bankers, insurers and other financial players into the act, in the hope of achieving a clearer view of the bottom line. Quite interesting!"”
Robert M. Solow, Institue Professor, Department of Economics, MIT