The Financial Community, Eco-efficiency, and 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.
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.
HardcoverOut of Print ISBN: 9780262193702 235 pp. | 5.9 in x 8.9 in
Paperback$6.75 S ISBN: 9780262692076 235 pp. | 5.9 in x 8.9 in
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.
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