Sustainable Finance

Open Access
Author:
Kim, Yujin
Area of Honors:
Finance
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
  • James Alan Miles, Thesis Supervisor
  • James Alan Miles, Honors Advisor
  • William Kracaw, Faculty Reader
Keywords:
  • Sustainability
  • traditional finance
  • behavioral finance
  • sustainable finance
  • sustainability valuation
  • LEED
  • the DJSI
Abstract:
After the major fraud cases occurred in the 20th century, there has been increasing interest in the concepts such as sustainability, corporate social responsibility, and business ethics. Therefore, in recent years, sustainability cannot be considered apart from organization’s core strategies. The aim of this thesis is to find out the truth about sustainability from a finance perspective, and how much it benefits companies. Thus, the thesis explains the concept and importance of sustainable finance. It also illustrates the financial metrics that are used to measure financial benefits of sustainability projects, stock price changes regarding the projects, and the Dow Jones Sustainability Index (DJSI).