UNEP Perspectives

  • Paul Clements-Hunt
Open Access


This chapter describes how, since the mid-1980s, a slow-burning, push-and-pull dynamic between public policy and public sentiment regarding environment and sustainability is succeeding in changing the basis upon which our capital markets and financial institutions view the financial materiality of environmental, social and governance (ESG) issues. It shows that the manner in which the financial services sector and the broader investment chain integrate natural and social value at risk into their risk considerations is changing, albeit slowly, across the mainstream. In time, these changes mean that the risks and market opportunities associated with, amongst others, climate change, resource depletion, the destruction of ecosystems, social challenges and human rights issues, may be more fully integrated into financial, investment and capital market considerations.


Financial Institution Financial Service Institutional Investor Pension Fund Global Reporting Initiative 
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Copyright information

© The Author(s) 2012

Open Access. This chapter is distributed under the terms of the Creative Commons Attribution Noncommercial License, which permits any noncommercial use, distribution, and reproduction in any medium, provided the original author(s) and source are credited.

Authors and Affiliations

  • Paul Clements-Hunt
    • 1
  1. 1.UNEP Finance InitiativeNew YorkUSA

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