应用创新的政策和监管方式来鼓励投资政策 融合可持续发展因素

This report, authored by Jessica Robinson of the Asia Sustainable Investment Association (ASrIA) for the 'Greening China's Financial Markets' project, examines how policy and regulatory innovations can incentivize the investment industry to integrate sustainability, environmental, social, and governance (ESG) factors into their strategies. It identifies systemic barriers such as 'short-termism' and a lack of standardized data, and proposes solutions including the reform of compensation structures, the implementation of carbon pricing, and the use of green investment banks to mobilize private capital for a low-carbon transition.

• The investment industry is hindered by 'short-termism,' where a focus on immediate returns leads to the undervaluation of long-term costs and externalities, effectively creating a 'capital market failure' that discourages sustainable investment.
• Mainstream investment strategies often resist the full integration of sustainability, frequently treating ESG factors as a niche strategy for specific markets rather than a core component of risk management. While 21.8% of professionally managed assets integrated ESG factors as of 2012, the most common approach remains negative/exclusionary screening.
• A critical gap exists in the ability of the investment industry to price sustainability and climate risks. Many professionals lack the tools to quantify these risks, and the absence of robust carbon pricing mechanisms leads to a failure to internalize external costs into asset values.
• Regulatory and policy interventions are necessary to shift investor behavior, specifically through reforming compensation structures to decouple pay from short-term performance and introducing mandatory transparency and disclosure requirements for greenhouse gas emissions.
• Governments can accelerate the deployment of private capital into green infrastructure by using innovative financial mechanisms to reduce risk, such as the UK's Green Investment Bank (GIB) or the use of public-private partnerships (PPPs) and project bonds.

APA

Robinson, J. (2014). 应用创新的政策和监管方式来鼓励投资政策 融合可持续发展因素. International Institute for Sustainable Development. https://www.iisd.org/system/files/publications/innovative_policy_reg_approaches_ch.pdf

Chicago

Robinson, Jessica. 应用创新的政策和监管方式来鼓励投资政策 融合可持续发展因素. International Institute for Sustainable Development, 2014. https://www.iisd.org/system/files/publications/innovative_policy_reg_approaches_ch.pdf.

Wikipedia

{{cite report |last1=Robinson |first1=Jessica |title=应用创新的政策和监管方式来鼓励投资政策 融合可持续发展因素 |publisher=International Institute for Sustainable Development |date=February 2014 |url=https://www.iisd.org/system/files/publications/innovative_policy_reg_approaches_ch.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{robinson2014, author = {Robinson, Jessica}, title = {{应用创新的政策和监管方式来鼓励投资政策 融合可持续发展因素}}, institution = {International Institute for Sustainable Development}, year = {2014}, month = feb, url = {https://www.iisd.org/system/files/publications/innovative_policy_reg_approaches_ch.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }