Skip to main content

Lund University Publications

LUND UNIVERSITY LIBRARIES

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

Andersson, Fredrik N G LU and Arvidsson, Susanne LU (2023) In International Business and Management 37. p.237-249
Abstract
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... (More)
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. (Less)
Please use this url to cite or link to this publication:
author
and
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
Sustainable finance, transformation, CSRD (Corporate Sustainability Reporting Directive), EU Taxonomy, TCFD (Taskforce for Climate related Financial Disclosure), competitive advantage
host publication
Creating a Sustainable Competitive Position. Ethical Challenges for International Firms
series title
International Business and Management
editor
Ghauri, Pervez N. ; Elg, Ulf and Melen Hånell, Sara
volume
37
pages
237 - 249
publisher
Emerald Group Publishing Limited
ISBN
978-1-80455-252-0
978-1-80455-249-0
DOI
10.1108/S1876-066X20230000037013
language
English
LU publication?
yes
id
7f41e7cc-184a-4179-bc0e-ef2509cfccc1
date added to LUP
2023-01-19 15:17:58
date last changed
2023-10-02 04:30:01
@inbook{7f41e7cc-184a-4179-bc0e-ef2509cfccc1,
  abstract     = {{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.}},
  author       = {{Andersson, Fredrik N G and Arvidsson, Susanne}},
  booktitle    = {{Creating a Sustainable Competitive Position. Ethical Challenges for International Firms}},
  editor       = {{Ghauri, Pervez N. and Elg, Ulf and Melen Hånell, Sara}},
  isbn         = {{978-1-80455-252-0}},
  keywords     = {{Sustainable finance; transformation; CSRD (Corporate Sustainability Reporting Directive); EU Taxonomy; TCFD (Taskforce for Climate related Financial Disclosure); competitive advantage}},
  language     = {{eng}},
  month        = {{10}},
  pages        = {{237--249}},
  publisher    = {{Emerald Group Publishing Limited}},
  series       = {{International Business and Management}},
  title        = {{The EU’s Sustainable Finance Platform: A new game plan in the quest for competitive advantage}},
  url          = {{http://dx.doi.org/10.1108/S1876-066X20230000037013}},
  doi          = {{10.1108/S1876-066X20230000037013}},
  volume       = {{37}},
  year         = {{2023}},
}