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Finance & Bien Commun / Common Good N°48 & 49

Ethics & Trust in Finance for a Sustainable Future

Global Prize, 8th Edition 2020 / 2021

Nominated Essays

The Virtuous Circle of Ethics and Sustainability

 

To download the review:  

 

Table of Contents

Mairead McGuinness  

The Virtuous Circle of Ethics and Sustainability  

Josina Kamerling, Paul H. Dembinski

Values and Principles of the Jury  

Global Jury : Eighth Edition 2020/2021  

 

Part I : Issues in Sustainable Finance

  • Justice and Sustainability : Pricing in Physical Climate Risks  
    Julie E. Segal
  • Shades of Green: Ethics in Net-Zero Financial Transition  
    Kelley Anne Hamrick
  • The Ethics of Sustainable Investing  
    Alina Mika
  • Service to Others in Banking and Financial Services : Call to Action
    Mohamed Ahmed Shallo & Noah Sesi Nzuki

 

Part II : Ethical Dimensions of Credit and Debt

  • Asymmetrical Access to Capital : Why Ethics Matters  
    Andrea Longton
  • Lenders as Monitors of Risk Devolution  
    Martin Lockman
  • Ethical Pathways to Reduce Africa’s Sovereign Debt  
    Anazuo Saadat Salihu
  • Debt Cap Rules and Ethics: Balancing Stability and Inclusion  
    Bálint Dancsik

 

Part III : Ethics Embedded in Institutions

  • The European Central Bank and the Future of Ethical Debt Market  
    Joanna Anita Pękala
  • Why Market Infrastructures must put Ethics Centre Stage  
    Louis de Diesbach
  • Bank Secrecy at an Ethical Crossroads  
    Brian Collins Ocen
  • Ethics and Trust in Virtual Currencies  
    Bessie O’Dell

 

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Virus To Vitamin n°22, 26/11/21

The Emissions Gap Report 2021 (UNEP) shows that pre-COP 26 national climate pledges combined with other mitigation measures put the world on track for a global temperature rise of 2.7°C by the end of the century, which is well above the goals of the Paris climate agreement and would lead to catastrophic changes. To what extent can the financial system as such, or its main players, be held – morally or/and legally – responsible for insufficient progress in containing climate warming? What should, and what should not be done to rapidly change this state of affairs? By whom?

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Virus To Vitamin n°21, 29/10/21

Inequalities seem to accelerate in every part of the world due to Covid and otherwise. Unlike in the climate debate, in social issues we do not have a proper threshold for catastrophe. This leads to a possible overestimation of social resilience and leaves the issue as such largely untackled. Drawing on the particularities of your region or on your area of expertise, what should/can be done in priority?

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Virus To Vitamin n°20, 24/09/21

Insurance companies play a key role in pricing, transferring and managing damage-related risks. Yet, in 2015, just before the UN Climate Change Conference (COP 21), the then CEO and Chairman of global insurance company AXA – Henri de Castries – warned that “a four degrees’ rise in global average temperature is not insurable.” According to Intergovernmental Panel on Climate Change (IPCC), we are today aiming at four degrees. In fact, De Castries poses the question of how uncertainty will be priced and mitigated in our world which is off track of net-zero greenhouse gas emission target. Would public authorities become by default the only available shelter against some risks, and what would this imply for financial markets, insurance companies and public finances?

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Virus To Vitamin n°19, 27/08/21

Half a century ago, on Sunday evening of 15h August 1971, president Nixon, “fighting the currency speculators”, has “suspended” the convertibility of the USD into gold (Nixon speech is available here https://www.youtube.com/watch?v=ye4uRvkAPhA). The 1971 decision has opened a new – still unfinished – chapter in world economic, monetary and financial history. Please share with us your thoughts – memories, lessons, dreams – related to this 50th anniversary. Are floating exchange rates the solution or are they the problem for the world of today?”