Přehled o publikaci

Over the past five years, the volume of sustainable investments (ESG-linked investments) has increased more than ten times. This type of investment covers a wide range of assets but focuses on the selected assets' environmental, social and governance aspects. ESG derivatives are seen as an instrument that can facilitate the transition to a new type of economy and help to tailor ESG-related exposure. Hence, this article attempts to determine the place of environmental derivatives in the structure of the financial market and the prospects of green instruments development in transforming exchanges into socially responsible institutions. The author uses a systemic analytical approach to study environmental derivatives, existing initiatives in the green finance field, and the experience of international cooperation in sustainable development. The additional focus is on green instruments' possible advantages and disadvantages and their application in the EU. So far, this topic still needs to be widely addressed in the literature, especially the new type of Sustainability-Linked Derivatives issued first by ING in 2019.