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Found documents: 5
Magazine article (E&M - 2022/3) Pippo Federico, Talamini Andrea

The Creation of Value through Sustainable Debt Instruments

Sustainable debt instruments, and in particular green bonds, sustainability-linked bonds, and green loans, represent an innovative, constantly-growing solution to finance business activities and projects. These instruments are characterized by the possible presence of the so-called greenium, the negative premium that debt subscribers are willing to pay the issues for those instruments. Although the ...

Magazine article (E&M - 2022/3) Lanza Andrea, Roscio Anna Maria

Social Responsibility, Environmental Sustainability, and ESG Ratings in Italian SMEs

A study conducted on 10,000 Italian SMEs shows that issues such as climate change and the transition toward a more sustainable economy are still little present in the business world in our country. Only one of three companies is worried about the effects on their business model of climate change, and one of five about the consequences of a transition toward a more sustainable economy. Of the sample ...

Magazine article (E&M - 2022/3) Calcaterra Michele

ESG Rating and Credit: How to Assess Integrated Risk

A sustainability rating, or ESG rating, represents an appropriate integration of the information on business risk deriving from the more consolidated credit rating. An integrated approach that involves a joint assessment of the financial solidity of a company (credit rating) and its sustainability (or solidity of the business model), allows for innovating risk management activity by making it more ...

Magazine article (E&M - 2022/3) Marchesi Cecilia

Accelerating the Transition: Financial Services Must Also Do Their Part

In the last two years, the increase of social disturbances, the growing attention to climate change, and the need to act on environmental, social, and governance (ESG) issues, has attracted attention from companies in all sectors. Financial services companies are also called on to catalyze and accelerate the transition toward a new economy, based on ecosystems that satisfy the needs of all stakeholders. ...

Magazine article (E&M - 2022/3) Caragnano Alessandra

The Impact of Sustainability on the Cost of Capital

The concept of creation of value has recently taken on a new feature, the sharing of value for all of the stakeholders involved. In order for this to occur, it is necessary for business strategies and models to be structured and managed in an amply sustainable vision in environmental, social, cultural, and ethical terms. Companies that are associated with high ESG performance have easier access to ...