Abstract
Environmental finance is developing as a field in response to an acceptance of the idea that sound environmental management is positively correlated with sound economic management. Thus, there is growing confidence that environmental quality is justified by the bottom line. However, because environmental quality cannot be packaged like a physical commodity and sold in a traditional marketplace, innovation has been required to develop new financial instruments that recognize and reward environmental virtue in the private sector. The paper studies such related problems as the environment management and shareholder value creation, environmental management system, tools of risk management accelerate the development of environmental finance.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Blumberg J, Blum G, Korsvold A (1997) Environmental performance and shareholder value. World Business Council for Sustainable Development, Geneva. www.wbcsd.com/ecoeff1
Damodaran A (2001) Corporate finance theory and practice, 2nd edn. Wiley, New York
Dowell G, Hart S, Yeung B (2000) Do corporate global environmental standards create or destroy market value? Manage Sci 46(8):1059–1074
Forge (2000) Guidelines on environmental management and reporting for the financial services sector. Forge Group, London
Porter M, van der Linde C (1995) Green and competitive: ending the stalemate. Harv Bus Rev 73(5):120–134
Schaltegger S, Burritt R (2000) Contemporary environmental accounting: issues, concepts and practice. Greenleaf, Sheffield
Smithson CW (1998) Managing financial risk: a guide to derivatives products, financial engineering and value maximization, 3rd edn. McGraw-Hill, New York
Sustainability/UNEP (2001) Buried treasure: uncovering the business case for corporate sustainability. SustainAbility, London
UBS (2000) Environmental report. Union Bank of Switzerland, Zurich. www.ubs.com/environment
Willis A, Desjardins J (2001) Environmental performance: measuring and managing what matters. Canadian Institute of Chartered Accountants, Toronto
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2011 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Yajing, Z., Xu, X., Caiping, Z. (2011). Research on Environmental Financial Risk Management and Construction of Environmental Management System. In: Wu, D., Zhou, Y. (eds) Modeling Risk Management for Resources and Environment in China. Computational Risk Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-18387-4_37
Download citation
DOI: https://doi.org/10.1007/978-3-642-18387-4_37
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-18386-7
Online ISBN: 978-3-642-18387-4
eBook Packages: Business and EconomicsBusiness and Management (R0)