TY - CHAP

T1 - Policy Coherence for Corporate Sustainability in the EU

T2 - Can We Achieve Sustainable Corporate Governance Without Sustainable Finance?

AU - Andhov, Alexandra

AU - Melon, Lela

PY - 2022

Y1 - 2022

N2 - The discussions in corporate sustainability and its financing have primarily focused on one of the two fields exclusively, disregarding any consideration for legislative policy coherence. Given the opportunity represented by the European Union revision of corporate sustainability reporting, and in the light of the recent Glasgow Climate Pact, which has committed to double adaptation finance and requested countries to present more ambitious climate pledges next year, the present chapter addresses the need for further cohesion assuring policy coherence in sustainable governance and sustainable finance. Building on the renewed legislative impetus at the European Union level in the two respective fields and the challenge of providing finance for climate mitigation and adaptation at the United Nations level, the chapter highlights the areas for amelioration. Furthermore, this chapter opens the door for further scholarly and legislative advancement in the light of the climate emergency, noting the most important sectors for taking sector-specific actions. Finally, this chapter recognises the preeminent goal that the European Union has not yet fully developed and concludes by reflecting on how these impetuses can further the Capital Market Union.

AB - The discussions in corporate sustainability and its financing have primarily focused on one of the two fields exclusively, disregarding any consideration for legislative policy coherence. Given the opportunity represented by the European Union revision of corporate sustainability reporting, and in the light of the recent Glasgow Climate Pact, which has committed to double adaptation finance and requested countries to present more ambitious climate pledges next year, the present chapter addresses the need for further cohesion assuring policy coherence in sustainable governance and sustainable finance. Building on the renewed legislative impetus at the European Union level in the two respective fields and the challenge of providing finance for climate mitigation and adaptation at the United Nations level, the chapter highlights the areas for amelioration. Furthermore, this chapter opens the door for further scholarly and legislative advancement in the light of the climate emergency, noting the most important sectors for taking sector-specific actions. Finally, this chapter recognises the preeminent goal that the European Union has not yet fully developed and concludes by reflecting on how these impetuses can further the Capital Market Union.

U2 - 10.5040/9781509956821.ch-013

DO - 10.5040/9781509956821.ch-013

M3 - Book chapter

SN - 9781509956791

SP - 179

EP - 196

BT - Money Law, Capital, and the Changing Identity of the European Union

A2 - Gimigliano, Gabriella

A2 - Cattelan, Valentino

PB - Hart Publishing

ER -