NESEFi convida: Ismail Ertük, Alliance Manchester Business School, The University of Manchester

27 de janeiro de 2020, UFSCar

Money and Environment: a critique of post-crisis financialised solutions to the environmental and social problems of present-day capitalism
Prof. Ismail Ertürk (Alliance Manchester Business School, The University of Manchester

Two international initiatives led by (elite) technocrats at the central banks, Network for Greening the Financial System, and the UN, Principles for Responsible Investment, and supported widely by the leading banks and fund managers aim to organise global money as governance mechanism to make capitalism greener and more socially responsible. For central banks environmental risks are also financial stability risks and require Prudential regulatory surveillance. Fund management industry has translated the present-day capitalism’s corporate social responsibility and sustainability agendas into an asset class labelled as ESG (environmental, social and governance) investment. I will discuss these post-crisis financialised logics of technocracy-led governance mechanisms for environmental and social crises and argue that a new research agenda that problematises this unique post-crisis configuration by using a framework that draws on the sociology of technocracy and cultural political economy of financialised governance.