Green Finance, Corporate Performance and the Role of Financial Institutions

Boualem Aliouat () and Fateh Saci
Additional contact information
Boualem Aliouat: GRM - Groupe de Recherche en Management - EA 4711 - UNS - Université Nice Sophia Antipolis (1965 - 2019) - UniCA - Université Côte d'Azur

Post-Print from HAL

Abstract: This chapter mainly deals with the systemic relevance and paradoxes of green finance, both in terms of organizational performance and the contribution of conventional or unconventional financial institutions in achieving the objectives of a sustainable environmental economy. The objective of this chapter will be to highlight the impact of climate risks on the financial performance of the company and to show to what extent the durability and competitiveness of companies are based on an adjustment towards a "sustainable" strategy. Our chapter will focus on the effect of CO2 emissions on corporate performance. Using CDP data from a sample of the world's 500 largest companies, the results of our regression model show a negative correlation between CO2 emissions and company performance scores. The results of our qualitative interviews with 14 interviewees prove the progressive disengagement of banks towards polluting companies.

Keywords: Green finance; risk; climate change; CO2 emissions; performance (search for similar items in EconPapers)
Date: 2022-10-15
References: Add references at CitEc
Citations:

Published in World Scientific Publishing. Towards a sustainable future” to be, World Scientific Publishing, 2022

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03774410

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().