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8 - Financing Sustainable Value Creation

from Part III - Ways Forward in the Promotion of Value Creation

Published online by Cambridge University Press:  01 December 2022

Beate Sjåfjell
Affiliation:
University of Oslo
Georgina Tsagas
Affiliation:
Brunel University London
Charlotte Villiers
Affiliation:
University of Bristol
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Summary

Addressing the contribution of EU financial markets to unsustainable business practices is vital to realising the EU’s commitments on sustainability. In this chapter, we assess recent EU legislative progress in this field. We argue that legislative and regulatory mechanisms in the field of financial regulation are progressing too slowly to meet the EU’s self-imposed targets for sustainability. We argue that, on current trajectories, a fundamental recalibration of reform efforts is required in relation to financial system participants if a reduction in the funding of activities that cause damage to the environment and to the social foundation of humanity is to be achieved. To this end, we provide a menu of rapid and meaningful policy interventions.

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Chapter
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Sustainable Value Creation in the European Union
Towards Pathways to a Sustainable Future through Crises
, pp. 185 - 208
Publisher: Cambridge University Press
Print publication year: 2022

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