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Beschreibung

What are the effects of climate change on financial intermediaries? The volume tries to answer this question through an interdisciplinary approach that allows to observe the phenomenon of climate change from multiple perspectives: managerial, legal and mathematical-statistical. The analysis have been conducted at an international level, with a particular focus on Europe.

The first Part offers a theoretical framework of the issue, providing basic concepts and definitions that can guide the reader in understanding the multiple profiles involved. The aspects covered range from regulation to the evaluation criteria used to assess climate risks and the illustration of the quantitative methodologies currently in use, up to a focus on benefit companies. This is a new model of corporate governance aimed at generating a positive impact on society and the environment, in addition to financial profit, introduced in Italy with Law No. 208 of 2015.

The second Part focus on the more practical implications of the climate issue for financial intermediaries. Specifically, it explores the link between climate risk and the financial sector, analyzing the transmission channels through which banks and insurance companies support the transition to a sustainable economy. It examines how banks and insurance companies can integrate climate change risks into their governance. The implications in terms of systemic risk for the entire financial system are analyzed, formulating interesting considerations to support governments and institutions in their decision-making process. Finally, an empirical analysis is conducted to investigate the state of the art of a sample of insurance companies, examining their performance and practices in terms of sustainability. The analysis goes as far as to detect the level of cyber security of the companies examined, to develop some initial considerations on the existence of a relationship between the degree of protection from cyber risks and the sustainable performance of intermediaries.

What are the effects of climate change on financial intermediaries? The volume tries to answer this question through an interdisciplinary approach that allows to observe the phenomenon of climate change from multiple perspectives: managerial, legal and mathematical-statistical. The analysis have been conducted at an international level, with a particular focus on Europe.

The first Part offers a theoretical framework of the issue, providing basic concepts and definitions that can guide the reader in understanding the multiple profiles involved. The aspects covered range from regulation to the evaluation criteria used to assess climate risks and the illustration of the quantitative methodologies currently in use, up to a focus on benefit companies. This is a new model of corporate governance aimed at generating a positive impact on society and the environment, in addition to financial profit, introduced in Italy with Law No. 208 of 2015.

The second Part focus on the more practical implications of the climate issue for financial intermediaries. Specifically, it explores the link between climate risk and the financial sector, analyzing the transmission channels through which banks and insurance companies support the transition to a sustainable economy. It examines how banks and insurance companies can integrate climate change risks into their governance. The implications in terms of systemic risk for the entire financial system are analyzed, formulating interesting considerations to support governments and institutions in their decision-making process. Finally, an empirical analysis is conducted to investigate the state of the art of a sample of insurance companies, examining their performance and practices in terms of sustainability. The analysis goes as far as to detect the level of cyber security of the companies examined, to develop some initial considerations on the existence of a relationship between the degree of protection from cyber risks and the sustainable performance of intermediaries.

Über den Autor

Stefano Dell'Atti is a Full Professor of Banking and Finance at University of Bari 'Aldo Moro' (Italy). He holds a PhD in Business Administration and Governance from the University Parthenope of Naples (Italy). He was previously a Full Professor of Banking and Finance at University of Foggia (Italy). He is a member of the Council of PhD School in Economics and finance of territorial sustainability and well-being at University of Foggia (XL cycle). He is a Member of the Editorial Board of Journal 'Rivista Bancaria', Journal of Internet Banking and Commerce, Journal 'Risk Governance and Control: Financial Markets and Institutions' and Co-Editor in Chief of Journal of Governance and Regulation. Over his academic career, he has authored (or co-authored) more than 80 scienti¿c publications. His major areas of research are as follows: Value and Intangibles in Banks; Reputational Risk; Small Banks, Guarantee Institutions; Ef¿ciency of Financial Intermediaries, Regulation and Disclosure, Insurance Companies.

Stefania Sylos Labini is a Full Professor of Banking and Finance at University of Bari 'Aldo Moro' (Italy). She holds a PhD in Banking and Financial Science from the University of Calabria (Italy). He was previously a Full Professor of Banking and Finance at University of Foggia (Italy). Currently, she teaches Economics of Financial Intermediaries and Sustainable Finance. She is a member of the Council of PhD School in Economics and finance of territorial sustainability and well-being at University of Foggia (XL cycle). She is a Member of the Editorial Board of Journal of Intelligent Learning Systems and Applications and she is a reviewer for numerous national and international journals. Since 2005, she is the author of several books and articles. Her main research interests include Governance, Performance and Risks in Banks; Guarantee Institutions; Operational risk; Credit Risk Management; Reputational Risk Management; Management of Crisis and Debt Restructuring; Sustainable Finance; Governance of Insurance Companies.

Inhaltsverzeichnis

Climate change and sustainable management a look at regulation.- The methodologies of climate and environmental risk analysis and measurement.- An ESG compliant corporate model the case of Benefit Companies in Italy.- Strategic and organizational models of banks and insurance companies what are the systemic implications.-Environmental practices and Insurance Companies.- Evidence from Europe.- Conclusion.

Details
Erscheinungsjahr: 2025
Fachbereich: Allgemeines
Genre: Geowissenschaften, Mathematik, Medizin, Naturwissenschaften, Technik
Rubrik: Naturwissenschaften & Technik
Medium: Buch
Inhalt: xi
132 S.
1 s/w Illustr.
2 farbige Illustr.
132 p. 3 illus.
2 illus. in color.
ISBN-13: 9783031791413
ISBN-10: 303179141X
Sprache: Englisch
Einband: Gebunden
Redaktion: Dell'Atti, Stefano
Sylos Labini, Stefania
Herausgeber: Stefano Dell'Atti/Stefania Sylos Labini
Hersteller: Springer
Springer International Publishing AG
Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße: 241 x 160 x 14 mm
Von/Mit: Stefano Dell'Atti (u. a.)
Erscheinungsdatum: 02.03.2025
Gewicht: 0,387 kg
Artikel-ID: 131705305