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Sustainable Finance: New Strategy in the Financial Sector Despite Coronavirus Crisis?

Alexander Bassen, Kerstin Lopatta, Karsten Löffler, Sebastian Rink, Christa Hainz, Tanja Stitteneder, Johann Wackerbauer, Sylvie Goulard, Sabine Mauderer, Andreas Dombret, Michael Leister, Ingo Speich
ifo Institut, München, 2020

ifo Schnelldienst, 2020, 73, Nr. 10, 03-29

Business and society are currently in the middle of the worldwide coronavirus crisis. However, climate protection and the promotion of sustainable development are still on the political agenda, and the topic of “sustainable finance” is growing in importance. The financial sector can be a lever for transforming the economy towards greater sustainability by channeling funds specifically into “green” investments. Will the importance of sustainable finance continue to grow for the capital market despite the coronavirus crisis? What does this mean for companies and investors? And how do financial institutions see the balancing act between green finance and returns?

Keywords: Nachhaltige Entwicklung, Regulierung, Finanzwirtschaft, Finanzmarkt
JEL Classification: Q560, O440, L500

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ifo Institut, München, 2020