Institute of the Weltethos Foundation
at the University of Tübingen

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Research Group publishes book on ethical financial policies of the ECB

With the publication of its new book, the Global Ethic Research Group on Finance and Business calls on the European Parliament to ensure more transparency and ethics in the financial policy of the European Central Bank. The framework conditions for a sustainable financial and economic policy of the European Community are the focus of the new publication “The European Central Bank as a Sustainability Role Model”. Philosophical, Ethical and Economic Perspectives“.

What can the European Central Bank contribute to an overall European sustainability strategy within the scope of its mandate? What are the untapped potentials on which the new ECB President Christine Lagarde can base her turn towards climate-friendly and environmentally responsible EU policies? The omnibus volume, which was published by Prof. Dr. em. Johannes Hoffmann (Chairman of the Founding Board), Prof. Dr. Harald J. Bolsinger (Member of the Board, Director Regulatory Policy) and Dr. Bernd Villhauer (Member of the Board, Director Research Organization) for the Global Ethic Institute’s Research Group on Finance and Economics and published by Springer Verlag, sheds light on this with contributions from Michael Schmidt (Chief Investment Officer Lloyd Fonds AG and member of the EU Commission’s High Level Expert Group on Sustainable Finance), Johannes Hoffmann (Goethe University Frankfurt), Susanne Bergius (Handelsblatt Business Briefing Nachhaltige Investments), Harald Bolsinger (FHWS Würzburg), Bernd Villhauer (University of Tübingen) and Marian Szidzek (University of Cologne).
The framework conditions for a sustainable financial and economic policy of the European Community are the focus of this first publication of the newly formed Research Group on Finance and Economics of the Global Ethic Institute. The contributions go back to a conference at the end of 2019, which reflected experiences with the European Petition 429/2017. The petition calls on the ECB to make its policy on the purchase of securities compatible with human rights and sustainability. “It will depend on initiatives such as these whether sustainability policy at European level is sufficiently promoted by a sustainable financial market in addition to the Green New Deal,” Benedikt Hoffmann (AfriKairos GmbH, Chairman of the Board of the Global Ethic Research Group) and Dr. Ndidi Nnoli-Edozien (Dangote Group, Club of Rome, Chairwoman of the Board of the Global Ethic Research Group) comment on the first compendium on the topic. “While many steps of a Green Deal in Europe require additional regulation, the ECB can start immediately. This would once and for all knock the golden calf of an ethically blind Eurosystem off its pedestal,” editor Prof. Dr. Harald Bolsinger (FHWS, Member of the Board of the Global Ethic Research Group) underlines the political importance of the topic.

Further information on the book: https://www.springer.com/de/book/9783030554491