ABSTRACT

Routledge Handbook of Social and Sustainable Finance brings together an international cast of leading authorities to map out and display the disparate voices, traditions and professional communities engaged in social finance activity.

With a clear societal or environmental mission, foundations, individual and group investors, as well as public bodies around the world have become increasingly eager to finance and support innovative forms of doing business. Together, founders and established businesses alike are embracing new sustainable business models with a distinct stakeholder approach to tackle social or environmental problems in what they see as a failed economic system in crisis. As a result, the topic of social and sustainable finance is at the forefront of financial economic thought.

This Handbook is divided up into three parts. The first, "The Landscape of Social and Sustainable Finance and Investments", comprises of chapters from a multitude of perspectives in an effort to grasp the entirety of the landscape. The second, "Challenges, Suggestions, Critiques and Debates", focuses on areas ranging from sociological underpinnings to critical takes on markets, and the identification of specialized business models. Amongst ethical considerations, topics include the scaling of impact, an analysis of sustainability as risk prevention and comparative analyses of various methods of justification and measurement. In the third and final section, "Markets and Institutions", contributions range from various perspectives on sustainable banking to environmental marketplaces, and finally on to practical cases and country specific observations.

This volume is essential reading for both academics and students in economics and finance. It is also of interest to those who study environmental economics, microeconomics and banking.

part I|188 pages

The Landscape of Social and Sustainable Finance and Investments

part I.1|80 pages

Introducing Social and Sustainable Finance

part 1.2|54 pages

Introducing Impact Investing

chapter 6|17 pages

Impact Investing

chapter 8|12 pages

Impact Investing

Funding social innovation

part 2.1|52 pages

Special Instruments

chapter 9|22 pages

Crowdfunding Social Ventures

A model and research agenda

chapter 10|16 pages

Social Impact Bonds

Exploring and understanding an emerging funding approach

chapter 11|12 pages

Lending To Social Ventures

Existing demand for finance and the potential roles of social investment

part II|274 pages

Challenges, Suggestions, Critiques, and Debates

part II.1|132 pages

Social Responsibility in Finance: ideology, risk, and new models

chapter 13|18 pages

Seeing Ourselves As Others See Us

Incorporating reflexivity in Corporate Social Responsibility

part II.2|58 pages

Critical Perspectives on Markets, Institutions, and Ideology

chapter 19|17 pages

Studying Crowdfunding Through Extreme Cases

Cursory reflections on the social value creation process of a potato salad project

chapter 21|17 pages

The Convergence Paradox of Islamic Finance

A sociological reinterpretation, with insights for proponents of social finance

part II.3|82 pages

Hybridity, Business Models, and Measurement

chapter 23|19 pages

Organizational Hybridity In Social Finance

A comparative analysis

chapter 24|15 pages

Measuring And Comparing Social Value Creation

Advantages and disadvantages of a new comparability method, IRIS, GIIRS, and SROI

chapter 26|15 pages

Opening The Market For Impact Investments

The need for adapted portfolio tools

part III|265 pages

Markets and Institutions

part III.1|104 pages

Social and Sustainable Banking

chapter 29|13 pages

Common Good Disclosure

A framework for analysis

chapter 30|18 pages

The Quality Of Bank Capital In Cooperative Banks

Lessons from history and the current financial crisis

part III.2|52 pages

Trading the Environment

chapter 34|16 pages

Trading Under Uncertainty

An investigation of the Australia emissions market

chapter 35|12 pages

Credit Risk And Ecosystem Services

A review of small-scale emission-certified agroforestry

chapter 36|8 pages

Evolution Of The Eu Emissions Trading System

A new emphasis on distributional and scaling-up dimensions

chapter 37|14 pages

Climate Change Mitigation

Are carbon markets the “silver bullet” solution?

part III.3|107 pages

Country Specifics and Cases

chapter 41|21 pages

Building The Impact Investing Market

Drivers of demand and the ecosystem conditioning supply

chapter 42|17 pages

Formative Dynamics In The Uk Social Investment Market, 2000–2015

An “organization rich” agenda on how markets form

chapter 43|18 pages

Regional Impact Investing For Institutional Investors

The Bay Area Impact Investing Initiative