Postings

This paper studies an innovative mechanism for managing local tourism and recreation systems and offers recommendations on their development. It examines issues on local tourism system management in the Volga Federal District, Russia. It shows that the relevance of local system development is largely dictated by the lo ...

Verbund AG issued the world's first Environmental Social Governance-linked syndicated loan.  Its interest rate is not determined by reference to the financial rating but by reference to a sustainability rating established and assigned by the ESG rating agency Sustainalytics.  If Verbund AG's sustainability rating decre ...

The Sustainability Linked Loan Principles published by the Loan Market Association (LMA), the Asia Pacific Loan Market Association (APLMA) and the Loan Syndications and Trading Association (LSTA) set an international baseline for determining how financing can facilitate positive corporate performance and achieving meas ...

The built environment – residential and commercial real estate and infrastructure development – accounts for around 13% of the world’s GDP.  Research shows the construction materials comprise 50%-60% of the total cost in construction projects.  When sourcing materials, companies need to consider their environmental imp ...

ESG risk is the possibility of suffering a negative impact on a company arising from environmental, social and governance (ESG) factors.  Sustainability risk (SR) is an ESG event or condition that could have a negative impact on the value of a financial product.  Besides the risk of greenwashing, there are several chal ...