Greening Our Economy for a Sustainable Future

1st Edition - October 17, 2024
Editors: Simon Grima, Kiran Sood, Ercan Ozen, Rebecca Emily Dalli Gonzi
Language: English
Paperback ISBN:
9 7 8 - 0 - 4 4 3 - 2 3 6 0 3 - 7
eBook ISBN:
9 7 8 - 0 - 4 4 3 - 2 3 6 0 4 - 4

Greening Our Economy for a Sustainable Future examines the green economy by balancing social needs, the environment, and the economy. It argues that different economic models mu… Read more

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Greening Our Economy for a Sustainable Future examines the green economy by balancing social needs, the environment, and the economy. It argues that different economic models must be developed to address the environment caused by economic expansion. The book not only looks at the opportunities of having a green economy, but also goes into areas such as greenwashing, social washing, sustainability, economics, and more. In addition, it addresses how one can improve well-being through a symbiotic relationship between economic growth and environmental stewardship.

Title of Book
Cover image
Title page
Table of Contents
Copyright
List of contributors
Chapter 1. IT-driven sustainability: pathways to economic and environmental progress
Abstract
1.1 Introduction
1.2 Review of the literature
1.3 Research methodology
1.4 Discussion and recommendation
1.5 Conclusion and implications of the research
1.6 Limitations and future scope of the research
References
Chapter 2. Green economy indicators (part A)
Abstract
2.1 Introduction
2.2 A Green economy
2.3 Green growth
2.4 Green economy indicators
2.5 A production framework to effectively encompass the interconnection between the economy and the environment
2.6 Indicators for issue identification
2.7 Policy formulation
2.8 Identifying intervention options
2.9 The green economy as a concept for policy-making—case study
2.10 Conclusion
References
Chapter 3. Green economy indicators
Abstract
3.1 Introduction
3.2 Critical overview of scientific literature
3.3 “Techno-logism” into “Eco-logism” approach
3.4 Strategic management of systems in green
3.5 Green economics innovative
3.6 Sustainable environmental ecosystems
References
Chapter 4. Literature review on sustainability
Abstract
4.1 Introduction
4.2 Methodology
4.3 Results and discussion
4.4 Conclusions
References
Chapter 5. Green investing
Abstract
5.1 Introduction
5.2 The European Insurance Market
5.3 Introduction to the environment social governance regulation
5.4 The need for environment, social, and governance sustainability
5.5 Socially responsible investing
5.6 Key factors of socially responsible investing and environmental, social, and governance
5.7 Green bonds
5.8 Conclusion
References
Further reading
Chapter 6. Green investment: driving sustainability and economic growth
Abstract
6.1 Introduction
6.2 Understanding green investment
6.3 Green investment and economic growth
6.4 Environmental impact and sustainability
6.5 Reshaping industries and markets
6.6 Financial mechanisms for green investment
6.7 Case studies of successful green investment
6.8 Challenges and future directions
6.9 Conclusion and recommendations
References
Chapter 7. Green initiatives (part A)
Abstract
7.1 Introduction
7.2 Theoretical background and literature review
7.3 Methodology
7.4 European Union strategies and law for green initiatives
7.5 Green initiatives in the European Union-selected cases
7.6 Conclusion
References
Chapter 8. Green initatives trends: insight from text analysis
Abstract
8.1 Introduction
8.2 Literature review
8.3 Data and methodology
8.4 Empirical results
8.5 Conclusions and discussions
References
Chapter 9. A bibliometric analysis of greenwashing, hush washing, and social washing
Abstract
9.1 Introduction
9.2 Literature review
9.3 Data and methodology
9.4 Analysis of Journals and Sources
9.5 Results
Acknowledgment
References
Chapter 10. Regulations and directives that are on the European Union’s table and how this will affect the financial services industry and related industries
Abstract
10.1 Introduction
10.2 Regulations and directives under consideration
10.3 Markets in Financial Instruments Directive II
10.4 European Union Sustainable Finance Agenda
10.5 Digital Finance Package
10.6 Capital Markets Union
10.7 Implications for the Financial Services Industry
10.8 Conclusion
References
Chapter 11. How this relates to the audit, risk, and compliance management function
Abstract
11.1 Introduction
11.2 Objectives of the chapter
11.3 Navigating environmental challenges: role of risk and audit management
11.4 Environmental risks in the green economy
11.5 Risk management strategies for environmental sustainability
11.6 Audit management in a green economy
11.7 Compliance with environmental regulations and standards
11.8 Integration of sustainability in risk and audit management
11.9 Stakeholder engagement and transparency in risk and audit management
11.10 Findings and suggestions
11.11 Conclusion
References
Chapter 12. The effect on enforcement, sustainable practices, and pricing
Abstract
12.1 Background and significance of transitioning to a sustainable economy in the insurance industry
12.2 Understanding sustainable practices and their impacts
12.3 Overview of environmental, social, and economic benefits and case studies of successful sustainable initiatives in the insurance industry
12.4 Enforcement and regulatory considerations: the role of government regulations in promoting sustainable practices in the insurance industry
12.5 Pricing mechanisms and market forces: influence of sustainable practices on pricing strategies, market responses, and consumer behavior in the insurance industry
12.6 Insurance sector and transition to a sustainable economy
12.7 Conclusion
References
Chapter 13. Transitioning to a green economy - the impact on the labor market and workforce skills
Abstract
13.1 Introduction
13.2 Literature review
13.3 The Maltese context
13.4 Materials and methods
13.5 Results and discussion
13.6 Conclusion
Funding statement
References
Chapter 14. The effect on education and training
Abstract
14.1 Introduction
14.2 Primary objectives of the training
14.3 Benefits of training
14.4 Impact of training
14.5 Impact of education and training
14.6 Impact of education on society
14.7 Features of the impact of education and training
14.8 Virtual simulation effect on education and training
14.9 Conclusion
References
Chapter 15. The green education and training architecture for the green economy
Abstract
15.1 Introduction
15.2 The green economy framework
15.3 Risk-based internal audit and management review process
15.4 Concluding remarks
Appendix 1 Green growth indicators for achieving a green economy
References
Chapter 16. Greening the economy for a sustainable future: opportunities and perceptions
Abstract
16.1 Introduction
16.2 Methodology
16.3 Results and discussion
References
Further reading
Chapter 17. Direct and indirect effect on industries and services (A)
Abstract
17.1 Introduction
17.2 Methodology
17.3 Results and discussion
17.4 Conclusion
References
Chapter 18. Economic, social, and environmental aspects of sustainable development-direct and indirect effects on business practices
Abstract
18.1 Introduction
18.2 Dimension of the economy
18.3 Economic dimension
18.4 Economic dimension impact business practices
18.5 Social dimension
18.6 Social dimension impacts business practices
18.7 Environment dimension
18.8 Environment dimension impacts business practices
18.9 Parameters of sustainability
18.10 Environmental sustainability
18.11 Environment initiatives toward sustainability
18.12 Economic sustainability
18.13 Economic initiatives toward sustainability
18.14 Social sustainability
18.15 Social initiatives toward sustainability
18.16 Literature review
18.17 Impact of the integration of economic, social, and environmental sustainability on business practices
18.18 Social sustainability affects business practices
18.19 Environment sustainability affects business practices
18.20 Discussion
18.21 Managerial implications
18.22 Conclusion
References
Chapter 19. Real-world case studies
Abstract
19.1 Introduction
19.2 Greenwashing
19.3 Social washing
19.4 Cases of various challenges and criticisms related to Environmental, Social, and Governance
19.5 Benefits of environmental, social, and governance
19.6 Conclusion
References
Further reading
Chapter 20. Global economic, social, and environmental challenges post COVID-19 and balancing the three pillars of sustainability: lessons from Indian ethos
Abstract
20.1 Introduction
20.2 Theoretical framework of the study
20.3 Research methodology
20.4 Global sustainability issues (social, economic, and environmental)
20.5 Social issues
20.6 Economic issues
20.7 Environmental issues
20.8 Solution for social issues
20.9 Solution for economic sustainability
20.10 Overcoming overconsumption: lessons from the Bhagwad Gita
20.11 Solution for environmental sustainability
20.12 Managerial implication
20.13 Conclusion
AI disclosure
References
Index

Simon Grima

Prof. Simon Grima is the Deputy Dean of the Faculty of Economics, Management and Accountancy, Associate Professor and the Head of the Department of Insurance and Risk Management which he set up in 2015 and started and coordinates the MA and MSc Insurance and Risk Management degrees together with the B.Com in Insurance at the University of Malta. Simon is also a Professor at the University of Latvia, Faculty of Business, Management and Economics and a visiting Professor at UNICATT Milan. His research focus is on Governance, Regulations and Internal Controls and has over 30 years of experience varied between Financial Services, academia and public entities. He has acted as co-chair and is a member of the scientific program committee on some international conferences and is a chief editor, editor and review editor of some Journals and Book Series. He has been awarded outstanding reviewer for Journal of Financial Regulation and Compliance in the 2017 and 2022 Emerald Literati Awards. Moreover, Simon acts as an Independent Director for Financial Services Firms, sits on Risk, Compliance, Procurement, Investment and Audit Committees and carries out duties as a Compliance Officer, Internal Auditor and Risk Manager.

Affiliations and expertise

Faculty of Economics, Management and Accountancy, Department of Insurance and Risk Management, University of Malta, Msida, Malta; Faculty of Business, Management and Economics, University of Latvia, Riga, Latvia

Kiran Sood

Prof. Kiran Sood is an Associate Professor in (Chitkara Business School) Chitkara University, Punjab has received her undergraduate and postgraduate degrees in commerce from Panjab University, respectively, in the years 2002 and 2004. She earned her Master of Philosophy degree in 2008 and Doctor of Philosophy in Commerce with a concentration on Product Portfolio Performance of General Insurance companies in India in 2017 from Panjabi University, Patiala. Before joining Chitkara University in the month of July 2019, she has served four organizations with a total experience of 16 years. She has published various articles in various journals and presented papers in various international conferences.

Affiliations and expertise

Associate Professor, Chitkara Business School, Chitkara University, Punjab, India

Ercan Ozen

Prof. Ercan Özen received his BSc in Public Finance (1994), MSc in Business Accounting (1997), PhD in Business Finance (2008) from University of Afyon Kocatepe. Now he is Associate Professor of Finance in department of Banking and Finance, School of Applied Sciences, “University of Uşak, Turkey. His current research interests include different aspects of Finance. He has (co-) authored 5 book chapters and more than 50 papers, more than 40 conferences participation, member in International Program Committee of 3 conferences and workshops. He is chair of International Applied Social Sciences Congress. He is also a certificated accountant, member of Agean Finance Association and member of TEMA (Turkey Combating Soil Erosion, for Reforestation and the Protection of Natural Resources Foundation.)

Affiliations and expertise

Associate Professor, Finance and Banking Department, Faculty of Applied Sciences, University of USAK, Turkey

Rebecca Emily Dalli Gonzi

Dr. Rebecca Emily Dalli Gonzi is an architect, project co-ordinator and lecturer. She is a registered and certified civil engineer by the Chamber of Architects, Malta. She has worked in the private and public sector, both in Malta and in Scotland. She is a resident academic at the University of Malta lecturing project management in the Department of Construction and Property Management and within the Department of Insurance, lecturing on Geopolitical and Environmental Risk and Business continuity Management. She also lectures Project Development at the Institute for Sustainable Energy. She has founded The DALI Model, which is a tool used for organizational risk assessment particularly when firms undergo rapid change. Her current research focuses on innovative engineering techniques, decision-making models, and strategic project management. Rebecca has been a reviewer of journals and has chaired conferences. She continues to publish and has won the Best Conference Paper Award in April 2018 together with her colleague Dr. Joseph Falzon.

Affiliations and expertise

Architect, Project Co-ordinator and Lecturer, Construction and Property Management, Faculty for the Built Environment, Built Environment Building, University of Malta, Msida, Malta

Life Sciences

Physical Sciences & Engineering

Social Sciences & Humanities

Health

Greening Our Economy for a Sustainable Future

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Simon Grima

Kiran Sood

Ercan Ozen

Rebecca Emily Dalli Gonzi