1st Edition

Financial and Technological Innovation for Sustainability Environmental, Social and Governance Performance

Edited By Artie Ng, Jatin Nathwani Copyright 2024
    274 Pages 30 B/W Illustrations
    by Routledge

    The COVID-19 crisis has proven that sustainability of an institution or organization requires a constant review of one’s strategic positioning and the execution of pertinent plans in response to evolving externalities. Resilient organizations continue to revive themselves through effective R&D and the renewal of their range of products and services. Financial and Technological Innovation for Sustainability: Environmental, Social and Governance Performance examines approaches to sustainability under the ongoing development of energy sustainability and the green finance initiatives. It unveils global heterogeneous efforts in achieving Environmental Social Governance (ESG) performance in light of climate change, global sustainability and concerns over corporate “greenwashing”.

    The book assembles a wealth of case studies from a variety of contemporary organizations that actively pursue sustainable development while seeking their next economic growth. These global cases demonstrate the salience of governance that institutes continuous advancements to enable the timely revitalization of corporate strategies, technological innovation and deployment of financial resources for sustainability transformation regardless of their stages of lifecycle. They reveal distinct approaches to financial and technological innovation in Africa, Asia, Europe and North America in pursuing the shared UN Sustainable Development Goals. The intertwined public-private partnership and implications of geopolitics under an evolving global financial system for sustainability transformation are articulated.

    This book will appeal to academics as well as business and finance professionals, who are keen to understand the interrelationship between financial and technological innovation, and to those who want to comprehend the underlying global challenges and opportunities of adopting emerging technologies to reinvent a business model that forges measurable and impactful ESG performances.

    Section I Introduction 1. Exploiting financial and technological innovation for sustainability transformation Artie Ng, Jatin Nathwani Section II Cases in America, Europe, and Africa 2. Emerging technological innovation of renewable energies through cleantech ventures: The complementary role of venture capital Madjid Soltani, Artie Ng 3. Social bond as an innovative financial instrument for ESG initiatives: The case of Toronto Ho Hon Leung, Sally Mingle Yorke, Artie Ng 4. Sustainable development of solar power for the European transition to renewable energy: The case of the Czech Republic David Hampel, Gabriela Olšanská, Kamil Fuchs, Jitka Janová 5. Scaling renewable energy capacities for sustainability in Africa: Cases of innovative financing options Sally Mingle Yorke, Philip Kofi Adom, Artie Ng Section III. Cases in Asia Pacific 6. Sustainable finance to support climate action in Asia Pacific and Southeast Asia Brian Ho, Fredrik Andersen 7. Turning ESG agenda into action through new product development in Japan: The roles of sustainability management control system Asako Kimura, Hiroyuki Selmes-Suzuki, Norio Sawabe 8. Environmental, Social, and Governance (ESG) initiatives and development in Taiwan Yi-Hua Lin, Cheng-Hsun Lee, Shun-Yi Fang 9. Financing technological infrastructure and knowledge transfer for green innovation in the Greater Bay Area of China Tiffany Cheng Han Leung, Ying Guo 10. Design and implementation of electric vehicle transport system: Cases of metropolises in Asia Pacific Andrew Y. Wu, Yui-yip Lau, Jessica Wong, Juai Wu, Z.Y. Dong Section IV Conclusions 11. Prospects for global sustainability transformation: Political economy of an industrializing world Artie Ng, Jatin Nathwani


    Artie Ng is the inaugural Dean and a Professor of the International Business University based in Toronto and was a Senior Research Fellow with Waterloo Institute for Sustainable Energy (WISE). 

    Jatin Nathwani is currently a Fellow and leads the Research Cluster 'STEM for Global Resilience' at the Balsillie Scholl for International Affairs (BSIA), and was the founding Executive Director of, Waterloo Institute for Sustainable Energy (WISE) and the inaugural Ontario Research Chair in Public Policy for Sustainable Energy (2007-2020).

    "This book is an excellent account of how financial and technological innovation has become critical to sustainability transformation of the world undergoing the next phase of industrialization amidst geopolitical turmoil and other obstacles to global sustainable development", Professor Ann Fitz-Gerald, Director of the Balsillie School of International Affairs, Department of Political Science, Wilfrid Laurier University, Canada.

    "Under the global climate crisis, Financial and Technological Innovation for Sustainability is a timely publication contributed by professionals and scholars to address real-life issues and solutions from the public and private sectors beyond any boundaries of jurisdictions", Professor Walter Leal, Chairs of Climate Change Management at the Hamburg University of Applied Sciences (Germany), and Environment and Technology at Manchester Metropolitan University (UK).

    "This book is an essential resource for academics, professionals, and students around the world to examine interdisciplinary issues regarding ESG. With editors and contributors representing international leading scholars in the field, it offers a unique collection of contemporary global cases on the pertinence of financial and technological innovation to social and environmental sustainability", Professor A.K.T. Tsang, Factor-Inwentash Faculty of Social Work, University of Toronto, Canada.