Science-Based Metrics for Sustainable Finance
| Reference number | |
| Coordinator | Göteborgs universitet - Göteborgs universitet Inst f filosofi lingv & vetensk teo |
| Funding from Vinnova | SEK 2 627 181 |
| Project duration | November 2023 - October 2025 |
| Status | Ongoing |
| Venture | Financial Market Research |
Purpose and goal
In order for the sustainable finance industry to have a plausible chance of facilitating the transition towards a more sustainable society, it is vital that it rests on our best available knowledge about the most important sustainability targets as well as the most effective strategies to reach them. The present project seeks to help in this regard by developing robust science-based metrics and guidelines for sustainable finance.
Expected effects and result
The project explores how financial investments can and should be evaluated from the perspectives of both natural and social science. The scientific results will be presented in the form of a special issue in a top-tier academic journal. The project also develops concrete metrics and guidelines that will be usable by the sustainable finance industry. These are developed in close collaboration with strategic partners from the financial industry.
Planned approach and implementation
The project has 4 work packages: (1) Developing a natural-scientific understanding of the most important targets with regards to the Earth system’s boundaries. (2) Developing a social-scientific understanding of how financial markets can have the most effective impact on those targets. (3) Developing an applied-science understanding of how to translate these results into concrete and user-friendly metrics for financiers. And (4) organizing an international and interdisciplinary working group to increase the scientific credibility and uptake of our work.