The European Central Bank as a sustainability role model: philosophical, ethical and economic perspectives

This book examines selected actions and investments of the European Central Bank (ECB) from a climate and sustainability standpoint. Shedding new light on the topic from various angles - ethical, philosophical, political, economical and legal - it situates sustainability mainstreaming in the finance...

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Format: Buch
Sprache:English
Veröffentlicht: Cham Springer International Publishing 2021
Schriftenreihe:Sustainable finance
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Zusammenfassung:This book examines selected actions and investments of the European Central Bank (ECB) from a climate and sustainability standpoint. Shedding new light on the topic from various angles - ethical, philosophical, political, economical and legal - it situates sustainability mainstreaming in the finance and investment field at all levels. The former ECB President Mario Draghi once said that he considered sustainable development and an intact environment to be human rights, and therefore enshrined in the EU Charter of Fundamental Rights. The acting ECB President Christine Lagarde added that the future path for the climate is uncertain, but it would remain within our power to influence it. However, with all that in mind the ECB's policy of buying assets as securities is often questionable. This volume analyzes these actions in connection with sustainability, and puts forward practical recommendations for improving the ECB's investment strategy on its way creating a sustainable financial market
Beschreibung:Where do we stand when it comes to Sustainable Financial Markets? -- Ethical Standards beyond Monetary Policy: Approaches to a Philosophical Foundation -- Fundamental rights in the core business of the ECB: No issue?! Experience with the EU petition 429/2017 -- On the role of the ECB in sustainable finance -- Legal approaches to encouraging the ECB to comply with human rights aspects when establishing the list of marketable assets -- Central Banks in Europe: On the Road to more Sustainability
Beschreibung:VII, 83 Seiten
ISBN:9783030554521
9783030554491