Eco-Offers of Banks and Investment Funds: Poland &amp; International Trends

Dziawgo, Leszek

doi:10.2139/ssrn.1964622

Cited by 8 publications

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“…It is possible to indicate several types of proecological activities in financial business. Up to now, many leading commercial financial institutions have started (scheme 1) (Dziawgo 2003):…”

Section: Proecological Activities On the International Financial Marketmentioning

confidence: 99%

Greening financial market

Dziawgo

2014

CJFA

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The idea of Corporate Social Responsibility is one of the most inspiring ideas in modern business, also even in financial business. CSR, already widely implemented in economy, contains significant ecological components. Nowadays, around the world many leading banks, investment funds, pension funds, insurance companies and public companies, use environmental aspects in their business. The growing and diversified ecological engagement of different financial institutions could be even called ecological evolution of financial business. The same process has started also in Poland. The financial institutions support natural environment in many ways: saving resources, financing proecological organizations, maintaining adequate PR and IR communication and even offering special financial products such as: deposits, payment cards, shares, bonds, investment funds and specialized stock index Respect. Especially, the new investment possibilities are clear evidence of positive changes of the Polish financial market. The aim of the elaboration is to indicate the phenomenon of environmental rules implementation in Polish financial business. The considerations in the article are focused on financial offer related to natural environment protection. The issue is presented in two aspects: theoretical and empirical. In the article, critical analysis of literature and reports, analysis of financial market data, induction method and comparison method have been used. Especially, selec-Leszek Dziawgo 10 ted financial products offered on Polish financial market were analysed in the period of 2008-2014 in respect to ecological criteria. The problem of financial market "ecologization" is a very important subject of scientific research. The process is not only very inspiring, but also controversial. Zieleniejący rynek finansowy Słowa kluczowe: ekologia, społeczna odpowiedzialność biznesu, rynek finansowy.

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Section: Proecological Activities On the International Financial Marketmentioning

confidence: 99%

Greening financial market

Dziawgo

2014

CJFA

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“…Attempts to systematise those activities ended up in creating a conventional environmental classification: ecological financial instruments, eco-economy, support activities (marketing, sponsorship, investor relations, public relations) (Dziawgo, 2003).…”

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Green banking as the prospective dimension of banking in Poland

Laskowska

2018

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The role bonds in financing climate resilient economy

Więckowska

2013

CJFA

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Climate bonds are a new category of climate-related financial products in environmental finance. The validity of the emergence of climate bond market seems reasonable to attract private capital to finance climate-resilient economy and to make the recognition of green investment easier for potential investors. Investments in low-carbon assets and technology to meet the Kyoto Protocol targets or investments to adopt to extreme weather conditions are just examples of sources of the capital needed. Developing the potential of green bond market has not been fully exploited so far. In the future, the most important determinants to stimulate the growth of the market will be green standardizations that are currently under construction. Positive outlook also results from existence of institutional investors represents tens of trillion USD and intends to incorporate climate change into investment strategies. Not without significance is the fact that green sukuk will enlarge the spectrum of climate-related financial products. Translated by Marcelina WięckowskaRola obligacji w finansowaniu gospodarki odpornej na zmiany klimatyczne Abstrakt: Obligacje klimatyczne są nową kategorią instrumentów finansowych powiązanych z finansowaniem ochrony środowiska naturalnego. Zasadność wyłonienia takiego segmentu rynku z jednej strony wynika z konieczności akceleracji inwestycji sektora prywatnego w celu finansowania gospodarki odpornej na zmiany klimatu, z drugiej strony daje możliwość szybszej identyfikacji zielonych inwestycji przez stronę popytową tego rynku. Inwestycje w technologie niskoemisyjne w celu sprostania wytycznym ustanowionym w Protokole z Kioto czy inwestycje dostosowawcze będące konsekwencją nasilających się ekstremalnych zjawisk pogodowych są jedynie przykła-dami źródeł potrzeb kapitałowych. Jak dotąd, potencjał rozwoju rynku zielonych obligacji nie został w pełni wykorzystany. W przyszłości najważniejszym bodźcem w rozwoju tego rynku będą obecnie tworzone zielone standardy emisji. Szansą dla rozwoju rynku zielonych obligacji jest także potencjał inwestorów instytucjonalnych (niejednokrotnie zrzeszonych w organizacjach klimatycznych) reprezentujących dziesiątki bilionów dolarów i chcących uwzględniać kwestie klimatyczne w strategiach inwestycyjnych. Nie bez znaczenia jest także poszerzenie spektrum instrumentów powiązanych z ochroną klimatu o zielone sukuk.

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Eco-Offers of Banks and Investment Funds: Poland & International Trends

Cited by 8 publications

References 0 publications

Greening financial market

Greening financial market

Green banking as the prospective dimension of banking in Poland

The role bonds in financing climate resilient economy

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