This book investigates sustainability, CSR, climate change adaptation, the relevance of ESG scores and their impact on firm value and growth. The first part of the book analyses the topics from a conceptual angle. The authors discuss how the concepts of self-consciousness and awareness drive the shift of the traditional concept of corporate mission towards more sustainable business models. The authors propose an in-depth analysis of the main challenges posed by climate change and of the initial policy-makers' responses and provide their view on the central role of ESG scores and circular economy for growth and development. The authors conclude with an analysis of the main literature on the measurement of the relation between ESG scores and firms' performance and cost of equity (CoE). The second part of the book contains comparative empirical evidence, supporting these theories across specific industries, and will be of interest to academics, researchers, and students of sustainability and impact finance.

Proposes an in-depth analysis of the main challenges posed by climate change Discusses how the concepts of self-consciousness and awareness drive the shift of the traditional concept Contains comparative empirical evidence, supporting the book's theories across specific industries

Autorentext
Carlo Bellavite Pellegrini is Full Professor of Banking and Finance, Catholic University of the Sacred Heart, Milan in the Department of Economic Policy. His main research interests include banking and finance, corporate governance, ESG and sustainability, law and finance, law and economics, microfinance issues, corporate finance, and corporate histories of banks and industrial corporations.

Laura Pellegrini is Associate Professor of Banking and Finance, Research Fellow, Lecturer B at the University of Bari, Aldo Moro, Italy. Her main research interests include banking and finance, corporate governance, corporate finance, systemic risk and sustainability, law and finance, law and economics, political connections and corruption, and stability and efficiency issues in financial intermediaries. Massimo Catizone is a Member of the Scientific Committee of the Research Centre of Applied Economics at the Catholic University of the Sacred Heart, Milan, Italy. He is also an investment banker with a leading pan-European investment bank.

Inhalt

Part I: Climate Change challenge, CSR, ESG issues: the state of the art.- Chapter 1: Introduction.- Chapater 2: Self-consciousness and awareness as adaptation enablers.- Chapter 3: Climate change challenges and the policy makers initial response.- Chapter 4: SRI, ESG and Value of Sustainability.- Chapter 5: Consortium company, Circular Economy and ESG: the Comieco Case Study.- Chapter 6: Environmental, Social and Governance issues: the empirical literature review around the World.- Part II: ESG, Cost of Equity and Firm' Performance: empirical evidences across Industries around the World.- Chapter 7: ESG, cost of equity and Profitability in the Oil&Gas Sector.- Chapter 8: Automotive and tyre sector: sustainability as the new value for shareholders.- Chapter 9: How much does matter ESG ratings in Big Pharma Firms Performances?.- Chapter 10: Corporate Green Bond: Issuance and equity market reaction.- Chapter 11: The Sustainability Challenge for Asian Emerging Markets: some empiricalevidences.- Index.