The aim of this volume is to foster more sustainable business models through financial markets. To that end, it is necessary to know the main global challenges facing financial markets and their impact on creating sustainable value in business models of enterprises in the context of sustainable adaptation. The book focuses on assessing the decision criteria adopted by financial markets in the process of transaction risk valuation, in terms of the presence of Environmental, Social, and Governance (ESG) criteria, and by assessing the impact of including these criteria in the risk assessment process by financial markets in business decisions, leading as a consequence to building new value in the form of a sustainable business model.The book presents global ESG risks facing the financial markets, and discusses how ESG risks are managed and monitored, and how financial markets can measure and operationalize extra-financial risks in its assessment process. The book also analyses ESG risk implications and influences on company behavior, and the actions that companies should take considering the ESG assessment requirements of financial markets. Finally, it provides a comprehensive, structured, and systematic view of how financial markets and companies should adapt and improve their business models. The book provides unique challenges for investors, companies, financial markets, and for our society as a whole, advancing traditional risk management approaches to address global risks.
Chapter1. Addressing the new global challenges and risks in financial market .-Chapter2. Interdependencies between sustainable financial market and sustainable business.- Chapter3. Corporate Sustainability and value creation. A perspective of companies and the financial market.- Chapter4. ESG risk in financial decisions of financial markets’ and companies.- Chapter5. Analysing the links between financial markets’ ESG risk assessment process and corporate sustainability.- Chapter6. Business models for sustainable value creation in companies and financial markets.- Chapter7. Sustainable adaptation of companies through financial markets.
Magdalena Ziolo is Associate Professor, PhD at University of Szczecin, Poland. Her research and teaching scope focus on finance and banking, especially sustainable finance, sustainable financial systems, financial markets. She has received scholarships from the Dekaban-Liddle Foundation (University of Glasgow, Scotland, 2013), Impakt Erasmus + (Ulan Bator, Mongolia, 2017) and CEEPUS (University of Prishtina, Kosovo, 2015-2018). She curries out research supported by National Science Centre Poland in the scope of financing sustainable development. She has published scientific papers in high-impact international academic journals inter alia Data in Brief, Omega, International Journal of Business and Globalisation. She servs as an editor and a reviewer for several national and international publications and regularly attends international scientific conferences in her fields of research. Her achievements encompass more than 120 reviewed papers and academic books.
Elena Escrig-Olmedo is Associate Professor at the Finance and Accounting Department of the Universitat Jaume I, Spain; PhD in Sustainability of the Organisations from the Universitat Jaume I (2013). Her research interests include issues related to sustainability in financial markets and ESG assessment methodologies. She has published scientific papers in high-impact international academic journals like Journal of Business Ethics, Journal of Environmental Planning and Management, Journal of Environment, Development and Sustainability, Review of Managerial Science, Sustainability, Business Strategy and the Environment, Corporate Social Responsibility and Environmental management or Journal of Cleaner Production. Moreover, she has involved in several externally funded research projects such as Sustainable Market Actors for Responsible Trade (SMART) (2016-2020), funded by the EU’s framework programme for research and innovation Horizon-2020. She is a member of the research group “SoGReS -MF”, and she also teaches sustainable finance and accounting related subjects at postgraduate and undergraduate levels.
Rodrigo Lozano is Professor of Organisational Sustainability and co-director of the Center of Logistics and Innovative Production (CLIP) at the University of Gävle, Sweden. He is Specialty Chief Editor of Frontiers in Organisations for Sustainability. He is a visiting professor at Central University of Technology, Bloemfontein, South Africa. He was Editor-in-Chief for the Journal of Cleaner Production. He was previously Assistant Professor at the Copernicus Institute of Sustainable Development, Utrecht University, the Netherlands, and programme leader of the BA Environment and Business at the Sustainability Research Institute, University of Leeds, UK. For over twenty years Rodrigo has been working towards Sustainability in NGO's, universities, and corporations. Rodrigo holds a BSc in Chemical Engineering (graduated with honours) from Monterrey Tec, Mexico; a MSc in Environmental Management and Policy, from the International Institute for Industrial Environmental Economies (IIIEE) at Lund University, Sweden; and a PhD on organisational change management for Corporate Sustainability at Cardiff University, Cardiff, UK.
The aim of this volume is to foster more sustainable business models through financial markets. To that end, it is necessary to know the main global challenges facing financial markets and their impact on creating sustainable value in business models of enterprises in the context of sustainable adaptation. The book focuses on assessing the decision criteria adopted by financial markets in the process of transaction risk valuation, in terms of the presence of Environmental, Social, and Governance (ESG) criteria, and by assessing the impact of including these criteria in the risk assessment process by financial markets in business decisions, leading as a consequence to building new value in the form of a sustainable business model.
The book presents global ESG risks facing the financial markets, and discusses how ESG risks are managed and monitored, and how financial markets can measure and operationalize extra-financial risks in its assessment process. The book also analyses ESG risk implications and influences on company behavior, and the actions that companies should take considering the ESG assessment requirements of financial markets. Finally, it provides a comprehensive, structured, and systematic view of how financial markets and companies should adapt and improve their business models. The book provides unique challenges for investors, companies, financial markets, and for our society as a whole, advancing traditional risk management approaches to address global risks.