🚨New article🚨 Why has the promise of universal ownership been broken, as @benbraun.bsky.social has suggested? Our argument: because the Big Three are hardly universal. They mainly invest in those that can insulate themselves from environmental harm - big tech & financials in the Global North. 🧵

As the revision of the #SFDR comes to an end, I am joining @reclaimfinance.org and +120 experts in calling on the @ec.europa.eu exclude companies developing new fossil fuel projects a minimum criterion across all #SFDR product categories. There's no room for new fossil fuels in sustainable funds!

📣 Avec plus de 120 organisations, experts, chercheurs et entreprises, nous appelons la Commission européenne à garantir l'exclusion des entreprises développant de nouveaux projets d'énergies fossiles des futures catégories du SFDR afin de lutter efficacement contre le greenwashing. Lire la lettre ⤵️

Once again a cery interesting, thought provoking and inspiring Finance and Society conference @finandsoc.bsky.social - looking forward to next year (whereever it's going to be)! Thanks to numerous colleagues for intense discussions and critical questions!

On September 11, 1973, Chile’s socialist president Salvador Allende was overthrown in a CIA-backed coup. In this 1971 interview, published in English for the first time in Jacobin, Allende expressed his fears of destabilization and US interference.

13/ “Beijing is offering cheap, clean power, employment, trade and a route to prosperity. Washington is offering tariffs, policy chaos, White nationalist memes and South Korean workers in shackles after a raid on an EV battery factory.” ht @davidfickling.bsky.social bloomberg.com/opinion/arti...

Happy to share our new open-access article from the SuFi project at Witten/Herdecke University, just published in the @jeppjournal.bsky.social! www.tandfonline.com/doi/full/10....

Our #policy #paper has just been published: "Financing the #green #transition: Increasing #bankability, phasing out carbon investments and funding 'never bankable' activities". We ask: Why does a large green financing gap persist? What policies do we need to change it: www.uni-wh.de/en/your-camp...

🚨 Do check out this very timely Policy Report on "Financing the green transition" 👇

Figure from our #policy #report: 1. The main barrier to #financing the necessary activities for the sustainable transition is their lack of #bankability 2. High GHG-emitting activities remain #bankable and thus continue to attract financing from banks and shadow banks www.uni-wh.de/en/your-camp...

How can political decision-makers strengthen sustainable and climate-friendly investments - and at the same time effectively prevent climate-damaging financial flows? The latest [tra:ce] Policy Report takes a closer look at this question. Further information: www.uni-wh.de/en/your-camp...

We are thrilled to announce the public launch of our policy paper: "Financing the green transition: Increasing bankability, phasing out carbon investments and funding 'never bankable' activities" Monday 30.06.2025, 11:00 (CET) via Zoom. Please register here: www.uni-wh.de/die-finanzie...

Ratschläge aus der Zukunft gesucht! Wir suchen inspirierende, innovative & kreative Antworten auf die Frage „Was rät die Zukunft dem Heute?” Stell dir vor: Es ist das Jahr 2070 und du lebst in einer nachhaltigen und gerechten Welt. Spread the word! :) www.uni-wh.de/euer-campus/...

Check out our second [tra:ce] working paper! This time, we zoom in on the role of banks in sustainable finance: "The green banking gap: how bankability, business models, and regulations challenge banks' decarbonisation". *Join our public paper launch on Monday, 26 May, 11h (CET)*!

Interesting read.

📢 Job announcement – 1 PhD researcher in my "Global Sustainability Governance" research group Please share this opportunity within your networks and encourage suitable candidates to apply (or consider applying yourself)! Happy to answer questions! Deadline: 4 June 👇 www.uni-due.de/karriere/ste...

Online discussion event of our new working paper - spread the word!!! www.uni-wh.de/en/launch-of...

🚨 New Working Paper published: Out of the light, into the dark: how ‘shadow carbon financing’ hampers the green transition and increases climate-related systemic risk 🛢️💸🏝️ papers.ssrn.com/sol3/papers.... A 🧵 with our main arguments:

This cause is close to my heart - please sign: weact.campact.de/petitions/ve...

We argue that in the dominant "derisiking" green macrofinancial regime (@danielagabor.bsky.social & @benbraun.bsky.social) utilizing all available channels of influence in sustainable finance is a necessary – albeit insufficient – condition to advance the green transition. 🧵 END.

We provide a conceptualization of each channel of influence according to its domain or logic (financial risk–return, corporate governance, and amplification/support) and order them acc. to specificity versus breadth of their sustainability impact.

We identify ten channels of influence concerning sustainable finance: (1) initial financing; (2) refinancing; (3) (re)insurance; (4) ratings; (5) climate-litigation; (6) company engagement; (7) divestment; (8) reputation; (9) coalition-building; and (10) standard-setting.

We introduce the conceptual framework of ‘channels of influence’, which are are different strategies and mechanisms used by private actors that influence the behavior of financial and non-financial corporations to increase financial flows to sustainable productive investments.

In fact, most sufi actors & instruments cannot directly advance sustainable productive investment. We thus argue that sustainable finance is not exclusively about investing or providing finance, but crucially also about changing corporate practices toward greater sustainability.

Since the Paris Agreement "sustainable finance" has grown rapidly. However, we don't see strong growth in real-world financial flows that mitigate climate change. Why? Because most of sufi creates *financial assets* and not *productive investment* which drives decarbonization.

🚨New paper by the Uni Witten SuFi Project in @finandsoc.bsky.social Channels of influence in sustainable finance: A framework for conceptualizing how private actors shape the green transition www.cambridge.org/core/journal... A 🧵 on our main arguments:

Wir präsentieren: Unseren Wahlspot zur Bundestagswahl 2025! Wir legen uns mit denen da oben an. Für dich und mit dir. Während andere Parteien nach unten treten, stehen wir solidarisch zusammen und boxen nach oben. Deshalb am 23. Februar Die Linke wählen! #DeshalbDieLinke youtu.be/jaD4t-UN4E4?...

📣 New & Open Access – "The contradictions of unconventional monetary policy as a post-2008 thwarting mechanism" 💰 Analyzing: The structural politco-economic causes of the post-2008 secular stagnation on the part of central banks and their unconventional monetary policy --> rdcu.be/dG8Kt

New EY ESG investor survey: 📈92% of investors reluctant to sacrifice short-term gains for [perceived] longer-term rewards of ESG investments. 📈Only 55% believe climate change will have an impact on their investment strategies. 📈36% are unhappy with progress on nonfinancial reporting.

Die CDU muss vor Gericht: Am 6.12. verhandelt das Landgericht Berlin nun endlich über die von uns unterstützte Klage gegen den CDU-Vorstand. Der Grund: #Merz’ früherer Lobbyverband Wirtschaftsrat sitzt dauerhaft im Parteivorstand – und darf dort mitreden. Darum geht es 🧵 1/13

“By absconding from their responsibilities to combat climate change, these financial institutions are yielding to the authoritarian tone set by the incoming Trump administration. They are, in essence, becoming science and financial reality deniers,” says New York City comptroller Brad Lander

"This year 'virtually certain' to be warmest in 125,000 years, EU scientists say" by @kateabnett.bsky.social and Gloria Dickie for @reuters-world-rss.bsky.social www.reuters.com/business/env...

💣🛢️💸 Financing "carbon bombs": The single biggest financier was JPMorgan Chase, providing more than $141bn, followed by Citi, with $119bn, and Bank of America, with $92bn. Wells Fargo was the seventh-biggest financier, with $62bn. www.theguardian.com/environment/...