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Part of the Palgrave Studies in Impact Finance book series (SIF)


The economy, and the financial system, are at risk due to the increasingly frequent and extensive harm caused by climate and social changes. Environmental, social, and governance (ESG) concerns, which include threats to biodiversity, social conditions, and business management standards, impact the economy’s present and potential growth (Bank of Italy in Report on sustainable investments and climate-related risks, year 2021. Bank of Italy, 2022). Environmental and sustainability characteristics are among the most relevant risk categories, in terms of both the frequency and severity of potential repercussions (World Economic Forum in The Global Risks Report 2022. WEF, 2022). Investor attention to ESG concerns has grown globally.

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  • Bank of Italy. (2022). Report on sustainable investments and climate-related risks, year 2021. Bank of Italy.

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  • Global Sustainable Investment Alliance. (2021). Global Sustainable Investment Review 2020. GSIA.

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  • La Torre M., Leo S., & Panetta I. C. (2021). Banks and environmental, social and governance drivers: Follow the market or the authorities? Corporate Social Responsibility and Environmental Management, 28, 1620–1634.

  • World Economic Forum. (2022). The Global Risks Report 2022 (17th ed.). WEF.

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Correspondence to Sabrina Leo .

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© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG

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La Torre, M., Leo, S. (2023). Introduction. In: La Torre, M., Leo, S. (eds) Contemporary Issues in Sustainable Finance. Palgrave Studies in Impact Finance. Palgrave Macmillan, Cham.

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-031-22538-3

  • Online ISBN: 978-3-031-22539-0

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)