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2022 | OriginalPaper | Buchkapitel

3. Information as a Driver of Sustainable Finance

verfasst von : Claudia Guagliano, Nadia Linciano, Paola Soccorso

Erschienen in: Information as a Driver of Sustainable Finance

Verlag: Springer International Publishing

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Abstract

The development of sustainable finance builds on an efficient ecosystem of sustainability-related information. The incorporation into market prices of sustainability-related risks and opportunities is essential to efficiently channel resources to sustainable projects and to mitigate the risk of abrupt repricing of financial assets exposed to climate changes as well as the risk of a misvaluation of sustainable assets. To this end, availability of high-quality data and information is fundamental. However, this is only a necessary although not a sufficient precondition, as markets seem to be still unable to correctly price sustainability regardless of the information available. It is therefore key to understand the roots of market inefficiencies and whether they can be removed with adequate policy actions, starting from a reflection on the need to switch to an asset pricing paradigm alternative to the efficient market hypothesis.

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Metadaten
Titel
Information as a Driver of Sustainable Finance
verfasst von
Claudia Guagliano
Nadia Linciano
Paola Soccorso
Copyright-Jahr
2022
DOI
https://doi.org/10.1007/978-3-030-93768-3_3