Sustainable Finance Initiative Tackles Silo Thinking, Seeks Policy Coherence for a Just, Planetary Boundary-Respecting Future
The article aims to improve how finance can support sustainability by considering environmental, social, and economic factors. It criticizes the current narrow focus on making money at the expense of environmental and social goals. The researchers argue for a more holistic approach that recognizes the limits of our planet and aims to ensure a safe and fair world for everyone. They analyze the EU's Sustainable Finance Initiative to see if it addresses these issues. The study questions whether the initiative covers all social and environmental aspects needed for true sustainability and whether it avoids oversimplified views of finance and business connections. Ultimately, the researchers argue for a more nuanced and comprehensive approach to sustainability in finance to help create a better future for us all.