Environmental responsibility and exposure of finance: Combining environmentally-extended input-output and balance sheet approaches

Paul Hadji-Lazaro

Ecological Economics, 2025, vol. 228, issue C

Abstract: Finance both contributes to environmental degradation and is vulnerable to environmental degradation. This article sets the methodological groundwork for assessing both concerns in an integrated macroaccounting framework. It presents how the combination of environmentally extended Input-Output analysis and balance sheet methods and data can be used to evaluate the contribution of finance to environmental degradation (responsibility) and the vulnerability of finance to environmental risks (exposure). In doing so, the article contributes to the development of a disaggregated ecological macroeconomics integrating monetary and biophysical flows and stocks.

Keywords: Environmental footprint; Material flow analysis; Environmental risks; Financial risks; Double materiality; Input-Output analysis; Balance Sheet analysis (search for similar items in EconPapers)
JEL-codes: C67 G10 G11 G30 Q50 Q56 Q57 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:228:y:2025:i:c:s092180092400363x

DOI: 10.1016/j.ecolecon.2024.108466

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