Resumen
The longstanding debate of whether environmental, social and governance (ESG) issues impact financial performance appears to have given way to identifying the best way for firms to achieve long-term sustainability. In this essay, we suggest that overlaying ESG issues with the United Nations’ Sustainable Development Goals (SDGs) provides an avenue for firms to transition to sustainable business models. To this end, the pursuit of sustainable opportunities via blended finance, mechanisms whereby the private sector, nonprofits and public actors work together in an effort to tackle the most pressing global challenges, could help to de-risk private sector involvement in sustainable development. We argue that de-risking occurs through three mechanisms: (1) identification of material ESG issues for firms, (2) the use of subsidy via blended finance instruments, and (3) trust brokering from civil society and public sector actors. Through two illustrative case studies, we identify the challenges and opportunities of blended finance to serve as a tool to meet Agenda 2030.
Idioma original | Inglés |
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Título de la publicación alojada | Measuring sustainability and CSR |
Subtítulo de la publicación alojada | From reporting to decision-making |
Editores | Slobodan Kacanski, Johannes Kabderian Dreyer, Kristian J. Sund |
Editorial | Springer Science and Business Media B.V. |
Páginas | 37-48 |
Número de páginas | 12 |
ISBN (versión digital) | 978-3-031-26959-2 |
ISBN (versión impresa) | 978-3-031-26958-5, 978-3-031-26961-5 |
DOI | |
Estado | Publicada - 2023 |
Publicado de forma externa | Sí |
Serie de la publicación
Nombre | Ethical Economy |
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Volumen | 64 |
ISSN (versión impresa) | 2211-2707 |
ISSN (versión digital) | 2211-2723 |
Nota bibliográfica
Publisher Copyright:© 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Palabras clave
- Financiación combinada
- Objetivos de Desarrollo Sostenible