The Palgrave Handbook of Sustainable Finance

by Thomas Walker (Editor), Dieter Gramlich (Editor)

Overview

This handbook addresses the integration of economic, social, and ecological factors to achieve balanced and enduring financial decisions, focusing on both the challenges and the opportunities in sustainable finance globally. In addition to reviewing recent work in this area, the book offers insights into promising academic, practical, and regulatory advancements in the field.

This handbook explores new developments in sustainable funding and investment strategies, sustainable risk-return management, and digital sustainable finance. The book takes a forward-looking and future-oriented perspective to accompany the sustainability transformation. As the global economy and its participants try to navigate and address growing concerns relating to climate change, a detailed understanding of the current research and practical advances in the field is of utmost importance.

As such, the handbook offers both a conceptual discussion of sustainable finance alongside a collection of instruments to create, manage, and regulate sustainable investments. It includes contributions from theory and practice, i.e., a combination of theoretical and applied models with a forward-looking and innovative approach to current advances in the field. In addition, it explores the integration of sustainable finance and digitalization. It will be of interest to students, researchers, and practitioners of sustainable finance and impact finance.

Product Details

ISBN-13:	9783031987359
Publisher:	Springer Nature Switzerland
Publication date:	12/08/2025
Series:	Palgrave Studies in Emerging Risk Management and Sustainable Finance
Pages:	620
Product dimensions:	6.10(w) x 9.25(h) x 0.00(d)

About the Author

Thomas Walker is the Executive Director (Academic) of the Institute for Sustainable Finance, the Director of the Jacques Ménard - BMO Centre for Capital Markets at Concordia University, and the Concordia University Research Chair in Emerging Risk Management. In 2018, Dr. Walker co-founded the Emerging Risks Information Center, which conducts targeted research on environmental, technological, and societal risks that affect our world today. He holds an MBA and PhD degree in Finance from Washington State University. Prior to his academic career, he worked for several years in the German consulting and industrial sector. His research interests are in sustainable finance, emerging risk management, fintech, and banking, and he has published over eighty journal articles in these areas. He is the lead editor of seventeen books on sustainable financial systems, sustainable real estate, sustainable aviation, environmental policy, emerging risk management, innovations in social finance, and water risk management, among others.

Dieter Gramlich is a Professor of Banking & Finance at DHBW - Baden-Württemberg Cooperative State University Heidenheim, where he serves as the head of the banking department. He received his PhD from the University of Mannheim and his Habilitation degree from the University of Halle. His main research focuses on financial risk and return management, systemic financial stability, and sustainable finance. He has published widely in these areas and has co-edited the Palgrave Macmillan books Ecological, Societal, and Technological Risks and the Financial Sector, Water Risk and Its Impact on the Financial Markets and Society, Water Risk Modeling, and Artificial Intelligence, Finance, and Sustainability. He was the deputy chair of banking and finance at the University of Halle, a visiting professor at Cleveland State University and the Cleveland Federal Reserve Bank and is a recurring visiting scholar at Concordia University, Montreal, where he recently co-founded the Emerging Risks Information Center.

Table of Contents

Part 1 — Introduction.- Chapter 1 — Sustainable Finance: An Overview and Introduction By Dieter Gramlich.- Part 2 — Sustainable Finance Frameworks.- Chapter 2 — The Rise of Sustainable Debt By Adrien-Paul Lambillon.- Chapter 3 — Bridging Finance and Social Good: A Comprehensive Review of Social Impact Bonds By Pedro Verga Matos and Tania Pereira Christopoulos.- Chapter 4 — Digitalization, Finance, and Sustainability: A Configurational Approach Applied to the European Union By Aliza Sajjad, Atia Alam, Farah Naz, and Casey Jussaume.- Chapter 5 — The Impact of Advice in Sustainable Finance By Fred de Jong.- Chapter 6 — Impact Investing for Ocean Protection: The Case of Blue Bonds. A Legal Perspective By Michele Siri and Diletta Lenzi.- Chapter 7 — Evaluating Lagos as an Emerging Urban Center in the Context of Climate Change, Sustainable Finance, and Environmental Sustainability By Temidayo Olanrewaju Aduloju and Ayodeji Anthony Aduloju.- Part 3 — Evolutions in Sustainable Finance.- Chapter 8 — Local Environmental Preferences and Green Startups By Mascia Bedendo and Linus Siming.- Chapter 9 — The Impact of Natural Disasters on Sk Prices in China: A Comparative Analysis of State-Owned and Privately Owned Enterprises By Shurui Liu and Thomas Walker.- Chapter 10 — Cost-Pricing Mechanisms for Sustainable Rural Electrification in Local Energy Communities By Anthony Junior Bokolo Chapter 11 — The Relationship Between Financial Development and the Use of Renewable Energy: The impact of the Pandemic in Selected Southeast Asian Countries By Chien Nguyen.- Chapter 12 — The Cost of Sustainability Reporting: Are Investors Charged Twice for Sustainability-Related Disclosures? By Irina Bevza and Martha O´Hagan-Luff.- Chapter 13 — Green Promises and Gray Realities in the Global Oil Industry: Analyzing Credibility and Charting Future Directions By Vincent Hooper and Naji Odel.- Part 4 — Markets for Sustainable Finance.- Chapter 14 — Green Bonds and the Greenium
By Karim Henide.- Chapter 15 — Investing in Green, Social, and Sustainability Bonds: Enablers, Barriers, and Challenges Faced by Australian Retail Investors By Neha Deo and Maria Estela Varua.- Chapter 16 — Country-Level ESG Scores and Foreign Portfolio Investment By Maela Giofré.- Chapter 17 — The Impact of Environmental, Social, and Governance Factors on the Financial Performance of S&P 500 Listed Firms By Xiaobo Mu and Thomas Walker.- Part 5 — Managing Sustainable Finance.- Chapter 18 — Risk-Return Management in Sustainable Finance: Collateral Basket Challenges for Synthetically Replicated Sustainability-Linked ETFs In A European Context By Irina Bevza and Martha O’Hagan-Luff.- Chapter 19 — The Systemic Risk of ESG Investment By Nathan Dong.- Chapter 20 — Geopolitical Risks and Their Influence on Banks' Sustainability: A Status Review By Robert Bopp.- Chapter 21 — Financial Risks Associated with Biodiversity Loss By Zannatus Saba.- Chapter 22 — Financial Water Risk Exposure of Commodities: Precipitation and the Price of Copper By Dieter Gramlich and Isabelle Jolin.- Part 6 — Sustainable Finance Perspectives.- Chapter 23 — How Can Organizations Use the Social Progress Index to Manage Their Social and Environmental Performance? By Urs Jäger, Luis Emilio Cuenca, Stephanie Rüegger, and Arturo Rodriguez.- Chapter 24 — Does Gender Diversity Matter for Investors: Evidence from U.S. Socially Responsible Mutual Funds By Giuliana Birindelli, Claudia Capozza, and Antonia Patrizia Iannuzzi.- Chapter 25 — Natural Disasters and Firm Performance: Exploring the Moderating Effects of Gender Diversification By Bita Hajjari and Thomas Walker.- Chapter 26 — A Comparative Analysis of AI Approaches for ESG Data Extraction from Corporate Annual Reports By Elham Kheradmand, Mitra Mirshafiee, and Sep Pashang.- Chapter 27 — Democratizing Sustainability Assessment: Leveraging Generative AI for Assessing Corporate Sustainability By Melanie Luxembourger and Maxime Pettinger.