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Susanne Arvidsson. Photo.

Susanne Arvidsson

Associate professor, Centre Director

Susanne Arvidsson. Photo.

The EU’s Sustainable Finance Platform: A new game plan in the quest for competitive advantage

Author

  • Fredrik N G Andersson
  • Susanne Arvidsson

Editor

  • Pervez N. Ghauri
  • Ulf Elg
  • Sara Melen Hånell

Summary, in English

The game plan firms must navigate in the quest of competitive advantage which is changing quickly. More and more firms acknowledge that future prosperity depends on achieving the joint goals of economic, environmental and social sustainability. This understanding has resulted in both firms and actors on the financial markets enhancing their focus on environmental, social and governance dimensions in their respective decision-making processes. In this chapter, the focus is on one key component of the changing game plan, the European Union’s (EU) Sustainable Finance Platform that envisions investors as a key driver of firms’ sustainability transformation. Based on survey data from Swedish listed firms, we discuss implications and outcomes of the Platform. Our results show that investors play an important role in setting the rules of the gameplan for firms. However, not to the extent that it meets the ambitions of the policymakers. This suggests either that the Platform will fail to meet its aims or that firms should expect further significant changes to the gameplan in the future.

Department/s

  • LU Profile Area: Nature-based future solutions
  • Department of Economics
  • Accounting and Corporate Finance

Publishing year

2023-10-02

Language

English

Pages

237-249

Publication/Series

International Business and Management

Volume

37

Document type

Book chapter

Publisher

Emerald Group Publishing Limited

Topic

  • Business Administration

Keywords

  • Sustainable finance
  • transformation
  • CSRD (Corporate Sustainability Reporting Directive)
  • EU Taxonomy
  • TCFD (Taskforce for Climate related Financial Disclosure)
  • competitive advantage

Status

Published

ISBN/ISSN/Other

  • ISBN: 978-1-80455-252-0
  • ISBN: 978-1-80455-249-0