Sustainable Finance in Education
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Notwithstanding the highly laudable efforts of the Principles for Responsible Investment and other Environmental, Social, and Corporate Governance (ESG)-related trade groups and organisations, Responsible Investment (RI) has still to be mainstreamed in the financial services industry. Despite hugely increased awareness, implementation still lacks depth across many financial institutions. The major challenge is that mainstreaming RI effectively involves a system change—a paradigm shift that, amongst other things, will require a corresponding culture change within the world of institutional investors and with it a higher degree of knowledge skills and expertise. This is no easy task: at a fundamental level, it is proving difficult to change or redirect the financial services sector. Even following the global financial crisis it would appear that, rather than change, the system has, in broad terms, merely been repaired with largely the same people doing similar things as before, albeit in a tighter and less permissive regulatory environment. Genuine global industry ESG integration and adoption of RI will require additional efforts and a greater diversity and depth of knowledge, skills, and understanding from an employee’s entering or wishing to flourish in the sector. It is in this aspect that business schools and other higher education facilities can play a leading and hugely significant role to address some of the current gaps. This chapter addresses how sustainability thinking can be embedded in finance curriculum.
KeywordsSustainability Sustainable finance Sustainable investment Responsible investment Sustainable and responsible investment
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