Author(s): Stephen Schmidheiny, Federico J.L. Zorraquin, World Business council
Publisher: MIT Press
Paperback: 240 pages
ISBN: 0262692074
ISBN-13: 978-0262692076
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April 1998
Midwest Book Review
There is reason to believe that financial markets, in pursuit of short-term goals, undervalue environmental resources, discount the future, and favor accounting and reporting systems that do not reflect environmental risks and opportunities. Companies outside the financial sector that use natural resources and cause pollution have had to grapple with environment and sustainability issues longer than those companies in the financial community. It may now be the financial sector’s turn to face the threat of various types of environment-related liabilities. Largely descriptive rather than prescriptive, Financing Change: The Financial Community, Eco-Effici-ency, And Sustainable Development is the first study to examine questions that will become increasingly important as populations burgeon and the developing countries enter financial markets. It examines these issues in separate chapters covering viewpoints of the financial market participants, company directors, investors and analysts, bankers, insurers, accountants, and raters. The Financial Community is an important contribution to economic studies programs and is a highly recommended addition for all financial management and economics reading lists
