Natixis Investment Managers

Menu

Sustainable Finance: Ringing in a Second Chance

There can be no Green Deal without sustainable finance. The good news is that the sustainable finance entered the Covid-19 crisis holding a strong hand. Since 2008, sustainable finance has overcome its first hurdle by taking shape, earning its stripes and demonstrating its ability to create value. Today, a new opportunity stands out against the backdrop of the global pandemic – to become the central axis in a transformation of the financial system, a critical component to renewing the rest of the economy.

In his new book ‘Sustainable finance: ringing in a second chance’, Mirova’s Philippe Zaouati argues that sustainable finance should underpin a green and inclusive economic reset and outlines what a roadmap to effective transformation might look like.



Key Highlights

  • In 2008, it was finance that precipitated the crisis. Roundly castigated for its opacity, its arcane complexity and its lack of connection with the real economy, finance found itself alone in the dock.
  • The crisis we are currently experiencing is somewhat different, as it is due to an exogenous shock. Once again, however, it highlights the shortcomings of financial capitalism.
  • Market finance remains the symbol of these malfunctions, but it is not a direct cause of this crisis. This time, it stands alongside all the other industries affected by the current situation.
  • Never before have authorities, whether political or economic, placed so much emphasis on the need to invest in a sustainable and inclusive economy.
  • The post-Covid world will need sustainable finance more than ever. Today is no time for half-measures. A second chance is here. Let’s not allow it to slip away.

Related Articles

Enabling vs Labelling in Sustainable Finance

ESG data, standards and labels are unlikely to drive the change we seek until we first agree on the appropriate change mechanisms.
  • May 10, 2021
Alt-Protein: How to Feed the World Without Meat

Carmine De Franco, Head of Research at Ossiam Asset Management, on how sustainability concerns are stimulating growth in demand for alternative proteins.

  • May 7, 2021
Watch
6 Things to Watch as the Global Recovery Ramps Up

Global market specialists share perspectives on the key market indicators they are closely watching and what may unfold in the months ahead.
Watch
Global Market Strategy

Natixis Investment Managers Solutions latest thinking on what’s moving markets.