Environmental finance: a guide to environmental risk assessment and financial products
Gespeichert in:
1. Verfasser: | |
---|---|
Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Hoboken, N.J.
Wiley
2002
|
Schriftenreihe: | Wiley finance
|
Schlagworte: | |
Online-Zugang: | Contributor biographical information Publisher description Table of contents Inhaltsverzeichnis |
Beschreibung: | Includes bibliographical references (p. 323-351) and index |
Beschreibung: | xviii, 366 p. ill., graph. Darst. 24 cm |
ISBN: | 0471123625 |
Internformat
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100 | 1 | |a Labatt, Sonia |e Verfasser |4 aut | |
245 | 1 | 0 | |a Environmental finance |b a guide to environmental risk assessment and financial products |c Sonia Labatt ; Rodney R. White |
264 | 1 | |a Hoboken, N.J. |b Wiley |c 2002 | |
300 | |a xviii, 366 p. |b ill., graph. Darst. |c 24 cm | ||
336 | |b txt |2 rdacontent | ||
337 | |b n |2 rdamedia | ||
338 | |b nc |2 rdacarrier | ||
490 | 0 | |a Wiley finance | |
500 | |a Includes bibliographical references (p. 323-351) and index | ||
650 | 7 | |a Economia (administração) |2 larpcal | |
650 | 7 | |a Finanças |2 larpcal | |
650 | 7 | |a Investimentos |2 larpcal | |
650 | 7 | |a Milieubescherming |2 gtt | |
650 | 7 | |a Milieueconomie |2 gtt | |
650 | 4 | |a aEnvironmental economics | |
650 | 4 | |a aEnvironmental management | |
650 | 4 | |a aEnvironmental protection | |
650 | 0 | 7 | |a Risikoanalyse |0 (DE-588)4137042-9 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Finanzmanagement |0 (DE-588)4139075-1 |2 gnd |9 rswk-swf |
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689 | 0 | 2 | |a Finanzmanagement |0 (DE-588)4139075-1 |D s |
689 | 0 | |5 DE-604 | |
700 | 1 | |a White, Rodney R. |e Sonstige |4 oth | |
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856 | 4 | |u http://www.loc.gov/catdir/description/wiley036/2002008984.html |3 Publisher description | |
856 | 4 | |u http://www.loc.gov/catdir/toc/wiley023/2002008984.html |3 Table of contents | |
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999 | |a oai:aleph.bib-bvb.de:BVB01-015027088 |
Datensatz im Suchindex
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---|---|
adam_text | contents
CHAPTER1
The Emerging World of EnviPonmentalRnance 1
Introduction 1
An Emerging Field 2
Why Is It Happening at This Particular Time? 3
Lessons Learned 7
How Might Environmental Finance Prepare Us for the
Challenges Ahead? 9
Conclusion 12
CHAPTER2
Concspts and Tools lor Dovdopnm Environmental Ffeiancs IS
Introduction 15
Environmental Management and Shareholder
Value Creation 17
Environmental Management Systems 22
Stakeholder Relationships 24
Looking Ahead: Scenarios and Simulations 28
Tools for Risk Transfer 30
Traditional Insurance Mechanisms 30
Tapping into the Capital Markets 30
Trading Atmospheric Emission Reduction Credits 31
Conclusion 32
CHAPTERS
The Ffciancial Services Sector 85
Introduction 35
Structure of the Global Market for Financial Capital 35
Forces Reshaping Financial Service Industries 38
Xl
Xfy CONTENTS
Globalization and Market Forces 38
Technology 40
Deregulation 41
Core Financial Services 47
Response of the Financial Services Sector
to Deregulation 49
Consolidation 49
Environmental Implications of Organizational Change 51
Delivery of Personal Financial Services 52
Financial Services Approach to Environmental Issues 53
Conclusion 57
Endnotes 58
CHAPTW4
Banking 58
Introduction 59
Commercial Banking 59
Direct Liability of Contaminated Land 60
United States 61
Canada 63
European Union 64
Asia and South America 65
Brownfield Redevelopment 65
Risk Management 67
Environmental Products and Services 69
Niche Markets and Microcredit 76
Internal Environmental Management 78
UNEP Financial Institutions Initiative 80
Measurements and Reporting of
Environmental Management 81
VfU 81
EPI Finance 2000 83
The Natural Step 83
Investment Banking 89
Climate Change: Risks and Opportunities for
the Banking Sector 90
Risks 90
Opportunities 91
Sustainable Energy Funds 93
Contents **
Pure Carbon Funds 94
Private Equity Funds with Carbon Credit Enhanced
Internal Rate of Return 95
Future Private Equity Funds 96
The Price of Carbon 97
Reputational Risk 98
Conclusion 101
Web Sites 102
CHAPTER 5
Insurance 108
Introduction 103
Angus Ross, Invited Author s Comment 109
Contaminants in the Environment 111
Landfills and Superfund HI
Underground Storage Tanks 114
Asbestos H4
Contaminated Land H
Lead Paint H8
Common Lessons from Asbestos and
Environmental Problems 121
Climate Change and Extreme Weather Events 124
Transferring Risk from the Insurance Industry to the
Capital Markets 130
Regional Variations in the Response of Insurance
Companies to the Environmental Challenge 137
Conclusion 139
Endnote 140
CHAPTERS
Investments 141
Introduction 141
Evolution of Screening for Social and
Environmental Responsibility 142
The Relationship between Environmental and
Financial Performance 143
Measures of Environmental Management 144
Measures of Environmental Expenditures 147
Sources of Information 149
Xyj_ CONTENTS
Performance of Environmentally Screened Funds 151
Variation in Research Results 152
Definition and Measurement 153
Data Selection 153
Analytical Approaches 154
Financial Measures 154
Socially Responsible Investment Portfolio Performance Ratings 155
Institutional Portfolio Managers 156
Shareholder Activism 159
Pension Funds 160
Mutual Funds 161
Corporate Perspective on Shareholder Activism 162
Environmental Products in Fund Management 163
Environmental Research and Rating Organizations 168
Liability Systems 169
Compliance Systems 170
Environmental and Social Strategic Systems 171
Weightings 177
Investable Indexes 179
Dow Jones Sustainability Indexes 179
FTSE4Good 180
Conclusion 181
Endnotes 181
Web Sites 182
GHMTOI7
CSmate Change and HnancialVirinepaHny 188
Introduction 183
Accepting Climate Change as a Real Phenomenon 183
Physical Impacts of Climate Change 192
Vulnerability by Economic Sector 195
Anticipating Human Response to Climate Change 201
Critical Factors in Human Response to Climate Change 202
The Future of the Kyoto Convention 202
Taxes on Energy and Carbon Emissions 204
Trading Credits for Carbon Dioxide Emissions Reduction 205
Other Flexible Mechanisms 207
Commitment from Developing Countries 210
Contents xwl
Conclusion 211
Web Sites 212
OUPTER8
Environmental Reporttag and Verification 213
Introduction 213
Trends in Environmental Reporting 213
Main Types of Environmental Reporting 218
Involuntary Reporting 218
Self Regulation and Voluntary Reporting 218
Mandated Reporting 220
Pollution Release and Transfer Registers 221
North America 221
Europe 222
Asia Pacific 223
Accounting Profession and Security Regulators 223
Accounting Disclosure Requirements 223
Securities and Exchange Commission 224
Environmental Reporting from the Preparer s Perspective 225
Environmental Reporting from the User s Perspective 227
Progress in Environmental Reporting 232
Environmental Measurements and Benchmarking 232
Verification of Environmental Performance and Reporting 235
Emergence of Internet Based Environmental Reporting 239
The Global Reporting Initiative 241
Alan Willis, Invited Author s Comment 243
Conclusion 246
Web Sites 246
CHMTHI9
Strategies fop Managing Emrironimiitai Change 247
Introduction 247
Greenhouse Gas Emission Targets: Rationale, Types,
and Methods 249
Green Housekeeping 255
Environmental Reporting 257
Global Monitoring 261
Climate Change Programs 263
Xv| CONTENTS
National Carbon Reduction Initiatives 263
Government/Private Sector Climate Change Initiatives 267
Private Sector Initiatives 268
New Weather Related Products 269
Catastrophe Bonds and Swaps 270
Weather Derivatives 272
Trading Pollution Reduction Credits 279
Conclusion 281
Endnotes 282
Web Sites 283
CHAPTER 10
The Way Ahead 285
Introduction 285
Business and Environmental Change: What s New? 285
The New Paradigm 287
Data Quality 288
Leadership 289
Environmental Change: From Challenge to Opportunity 293
The Environmental Learning Curve: Redefining Success 296
APPENNXA 801
UNEP Statement by Financial Institutions on the
Environment and Sustainable Development 301
List of Signatories to the UNEP Statement by
Financial Institutions on the Environment
and Sustainable Development 303
UNEP Statement of Environmental Commitment by the
Insurance Industry 308
Status of the UNEP Statement of Environmental
Commitment by the Insurance Industry 310
APPENDIX B 315
APPENUXC 319
ACRONYMS 321
luuvwtt 323
HEX 353
|
adam_txt |
contents
CHAPTER1
The Emerging World of EnviPonmentalRnance 1
Introduction 1
An Emerging Field 2
Why Is It Happening at This Particular Time? 3
Lessons Learned 7
How Might Environmental Finance Prepare Us for the
Challenges Ahead? 9
Conclusion 12
CHAPTER2
Concspts and Tools lor Dovdopnm Environmental Ffeiancs IS
Introduction 15
Environmental Management and Shareholder
Value Creation 17
Environmental Management Systems 22
Stakeholder Relationships 24
Looking Ahead: Scenarios and Simulations 28
Tools for Risk Transfer 30
Traditional Insurance Mechanisms 30
Tapping into the Capital Markets 30
Trading Atmospheric Emission Reduction Credits 31
Conclusion 32
CHAPTERS
The Ffciancial Services Sector 85
Introduction 35
Structure of the Global Market for Financial Capital 35
Forces Reshaping Financial Service Industries 38
Xl
Xfy CONTENTS
Globalization and Market Forces 38
Technology 40
Deregulation 41
Core Financial Services 47
Response of the Financial Services Sector
to Deregulation 49
Consolidation 49
Environmental Implications of Organizational Change 51
Delivery of Personal Financial Services 52
Financial Services' Approach to Environmental Issues 53
Conclusion 57
Endnotes 58
CHAPTW4
Banking 58
Introduction 59
Commercial Banking 59
Direct Liability of Contaminated Land 60
United States 61
Canada 63
European Union 64
Asia and South America 65
Brownfield Redevelopment 65
Risk Management 67
Environmental Products and Services 69
Niche Markets and Microcredit 76
Internal Environmental Management 78
UNEP Financial Institutions Initiative 80
Measurements and Reporting of
Environmental Management 81
VfU 81
EPI Finance 2000 83
The Natural Step 83
Investment Banking 89
Climate Change: Risks and Opportunities for
the Banking Sector 90
Risks 90
Opportunities 91
Sustainable Energy Funds 93
Contents **
Pure Carbon Funds 94
Private Equity Funds with Carbon Credit Enhanced
Internal Rate of Return 95
Future Private Equity Funds 96
The Price of Carbon 97
Reputational Risk 98
Conclusion 101
Web Sites 102
CHAPTER 5
Insurance 108
Introduction 103
Angus Ross, Invited Author's Comment 109
Contaminants in the Environment 111
Landfills and Superfund HI
Underground Storage Tanks 114
Asbestos H4
Contaminated Land H'
Lead Paint H8
Common Lessons from Asbestos and
Environmental Problems 121
Climate Change and Extreme Weather Events 124
Transferring Risk from the Insurance Industry to the
Capital Markets 130
Regional Variations in the Response of Insurance
Companies to the Environmental Challenge 137
Conclusion 139
Endnote 140
CHAPTERS
Investments 141
Introduction 141
Evolution of Screening for Social and
Environmental Responsibility 142
The Relationship between Environmental and
Financial Performance 143
Measures of Environmental Management 144
Measures of Environmental Expenditures 147
Sources of Information 149
Xyj_ CONTENTS
Performance of Environmentally Screened Funds 151
Variation in Research Results 152
Definition and Measurement 153
Data Selection 153
Analytical Approaches 154
Financial Measures 154
Socially Responsible Investment Portfolio Performance Ratings 155
Institutional Portfolio Managers 156
Shareholder Activism 159
Pension Funds 160
Mutual Funds 161
Corporate Perspective on Shareholder Activism 162
Environmental Products in Fund Management 163
Environmental Research and Rating Organizations 168
Liability Systems 169
Compliance Systems 170
Environmental and Social Strategic Systems 171
Weightings 177
Investable Indexes 179
Dow Jones Sustainability Indexes 179
FTSE4Good 180
Conclusion 181
Endnotes 181
Web Sites 182
GHMTOI7
CSmate Change and HnancialVirinepaHny 188
Introduction 183
Accepting Climate Change as a Real Phenomenon 183
Physical Impacts of Climate Change 192
Vulnerability by Economic Sector 195
Anticipating Human Response to Climate Change 201
Critical Factors in Human Response to Climate Change 202
The Future of the Kyoto Convention 202
Taxes on Energy and Carbon Emissions 204
Trading Credits for Carbon Dioxide Emissions Reduction 205
Other Flexible Mechanisms 207
Commitment from Developing Countries 210
Contents xwl
Conclusion 211
Web Sites 212
OUPTER8
Environmental Reporttag and Verification 213
Introduction 213
Trends in Environmental Reporting 213
Main Types of Environmental Reporting 218
Involuntary Reporting 218
Self Regulation and Voluntary Reporting 218
Mandated Reporting 220
Pollution Release and Transfer Registers 221
North America 221
Europe 222
Asia Pacific 223
Accounting Profession and Security Regulators 223
Accounting Disclosure Requirements 223
Securities and Exchange Commission 224
Environmental Reporting from the Preparer's Perspective 225
Environmental Reporting from the User's Perspective 227
Progress in Environmental Reporting 232
Environmental Measurements and Benchmarking 232
Verification of Environmental Performance and Reporting 235
Emergence of Internet Based Environmental Reporting 239
The Global Reporting Initiative 241
Alan Willis, Invited Author's Comment 243
Conclusion 246
Web Sites 246
CHMTHI9
Strategies fop Managing Emrironimiitai Change 247
Introduction 247
Greenhouse Gas Emission Targets: Rationale, Types,
and Methods 249
Green Housekeeping 255
Environmental Reporting 257
Global Monitoring 261
Climate Change Programs 263
Xv| CONTENTS
National Carbon Reduction Initiatives 263
Government/Private Sector Climate Change Initiatives 267
Private Sector Initiatives 268
New Weather Related Products 269
Catastrophe Bonds and Swaps 270
Weather Derivatives 272
Trading Pollution Reduction Credits 279
Conclusion 281
Endnotes 282
Web Sites 283
CHAPTER 10
The Way Ahead 285
Introduction 285
Business and Environmental Change: What's New? 285
The New Paradigm 287
Data Quality 288
Leadership 289
Environmental Change: From Challenge to Opportunity 293
The Environmental Learning Curve: Redefining Success 296
APPENNXA 801
UNEP Statement by Financial Institutions on the
Environment and Sustainable Development 301
List of Signatories to the UNEP Statement by
Financial Institutions on the Environment
and Sustainable Development 303
UNEP Statement of Environmental Commitment by the
Insurance Industry 308
Status of the UNEP Statement of Environmental
Commitment by the Insurance Industry 310
APPENDIX B 315
APPENUXC 319
ACRONYMS 321
luuvwtt 323
HEX 353 |
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illustrated | Illustrated |
index_date | 2024-07-02T15:52:08Z |
indexdate | 2024-07-09T20:45:16Z |
institution | BVB |
isbn | 0471123625 |
language | English |
lccn | 2002008984 |
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physical | xviii, 366 p. ill., graph. Darst. 24 cm |
publishDate | 2002 |
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spelling | Labatt, Sonia Verfasser aut Environmental finance a guide to environmental risk assessment and financial products Sonia Labatt ; Rodney R. White Hoboken, N.J. Wiley 2002 xviii, 366 p. ill., graph. Darst. 24 cm txt rdacontent n rdamedia nc rdacarrier Wiley finance Includes bibliographical references (p. 323-351) and index Economia (administração) larpcal Finanças larpcal Investimentos larpcal Milieubescherming gtt Milieueconomie gtt aEnvironmental economics aEnvironmental management aEnvironmental protection Risikoanalyse (DE-588)4137042-9 gnd rswk-swf Finanzmanagement (DE-588)4139075-1 gnd rswk-swf Umweltökonomie (DE-588)4061638-1 gnd rswk-swf Umweltökonomie (DE-588)4061638-1 s Risikoanalyse (DE-588)4137042-9 s Finanzmanagement (DE-588)4139075-1 s DE-604 White, Rodney R. Sonstige oth http://www.loc.gov/catdir/bios/wiley043/2002008984.html Contributor biographical information http://www.loc.gov/catdir/description/wiley036/2002008984.html Publisher description http://www.loc.gov/catdir/toc/wiley023/2002008984.html Table of contents HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015027088&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Labatt, Sonia Environmental finance a guide to environmental risk assessment and financial products Economia (administração) larpcal Finanças larpcal Investimentos larpcal Milieubescherming gtt Milieueconomie gtt aEnvironmental economics aEnvironmental management aEnvironmental protection Risikoanalyse (DE-588)4137042-9 gnd Finanzmanagement (DE-588)4139075-1 gnd Umweltökonomie (DE-588)4061638-1 gnd |
subject_GND | (DE-588)4137042-9 (DE-588)4139075-1 (DE-588)4061638-1 |
title | Environmental finance a guide to environmental risk assessment and financial products |
title_auth | Environmental finance a guide to environmental risk assessment and financial products |
title_exact_search | Environmental finance a guide to environmental risk assessment and financial products |
title_exact_search_txtP | Environmental finance a guide to environmental risk assessment and financial products |
title_full | Environmental finance a guide to environmental risk assessment and financial products Sonia Labatt ; Rodney R. White |
title_fullStr | Environmental finance a guide to environmental risk assessment and financial products Sonia Labatt ; Rodney R. White |
title_full_unstemmed | Environmental finance a guide to environmental risk assessment and financial products Sonia Labatt ; Rodney R. White |
title_short | Environmental finance |
title_sort | environmental finance a guide to environmental risk assessment and financial products |
title_sub | a guide to environmental risk assessment and financial products |
topic | Economia (administração) larpcal Finanças larpcal Investimentos larpcal Milieubescherming gtt Milieueconomie gtt aEnvironmental economics aEnvironmental management aEnvironmental protection Risikoanalyse (DE-588)4137042-9 gnd Finanzmanagement (DE-588)4139075-1 gnd Umweltökonomie (DE-588)4061638-1 gnd |
topic_facet | Economia (administração) Finanças Investimentos Milieubescherming Milieueconomie aEnvironmental economics aEnvironmental management aEnvironmental protection Risikoanalyse Finanzmanagement Umweltökonomie |
url | http://www.loc.gov/catdir/bios/wiley043/2002008984.html http://www.loc.gov/catdir/description/wiley036/2002008984.html http://www.loc.gov/catdir/toc/wiley023/2002008984.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015027088&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT labattsonia environmentalfinanceaguidetoenvironmentalriskassessmentandfinancialproducts AT whiterodneyr environmentalfinanceaguidetoenvironmentalriskassessmentandfinancialproducts |