We initiate an project about green finance, especially in the emerging and frontiers countries: climate action, green innovation, political and socio-economic decisions, financial markets, carbone markets, financial and accounting disclosures, green washing, tax, management decision, marketing & health goals and costs, entrepreneurship ....
What research questions can we ask? what hypothesis? Is there an original theory or should we go through the traditional theories (signalling, agency, contracts...)? what is the relationship with information asymmetry? what about innivation?
Let us try to think from a point of view of human and social principles and ethics, do you think that there is a new trend of business leaders and bankers to practice green finance, as a vital constraint , where it still remains a financial game where we add this new parameter to the others, with benefits and its risks?
"As part of a crackdown on "greenwashing", the UK's Financial Conduct Authority has proposed rules restricting investment managers from using terms like "green" and "ESG" in fund marketing. The keys points: > the regulator has suggested new sustainable investment labels that would be more consumer-friendly and make it easier to distinguish between actual holdings and future investment intentions. > The FCA joins regulators worldwide in preventing investment managers from making unsupported environmental claims about their products. > Since the UK framework is designed as a labelling regime, with detailed criteria to determine eligibility, its starting point is different to both the SFDR and the SEC’s proposals. Products that do not meet the qualifying criteria under the proposals will not be able to use any of the sustainable investment labels under the proposed regime. > there are steps firms will need to consider when determining how a product categorised under the SFDR or SEC’s proposals would be treated under the proposals. > greater clarity in the proposal on the use of “impact” and the associated principles of such a category (measurability, additionality) > guidance on securities lending, short-selling and use of derivatives."