Year: 2024
Type: article
Abstract: Although the idea of private investment as “essential for sustainability” has only recently been naturalized in European regulations (Hay 2004), the use of market instruments to address social-environmental challenges has long been established in Western societies. Since the “neoliberal revolution” of the late 1970s (Harvey 2005: 39), new modes of accumulation and regulatory processes have fostered the expansion of financial assets, a process known as financialization (Epstein 2005, Krippner 2005). Over the past 15 years, financial logic has permeated areas such as welfare, nature, and the environment. However, the literature still lacks a holistic analysis of the pervasive role of finance across all dimensions of sustainability, particularly in terms of “financialization of sustainability”. Social and economic actors play a pivotal role in constructing narratives that frame sustainability through market logic. Drawing on the référentiel approach (Jobert and Muller 1987), this paper explores sustainable finance discourses in Italy using a mixed-methods approach. It investigates the key actors disseminating information on the topic, the resources that position them as mediators, and the worldviews they embed in both discourse and policy.
Source: SocietàMutamentoPolitica
DOI: 10.36253/smp-15351
Author: Tiziana Nupieri
Institution: Sapienza University of Rome
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4406798945