Environmental Technology Innovation and ESG Investment

This book focuses on environmental technology and financial markets of the Asia-Pacific region, which includes traditional and emerging innovative countries such as Japan, China, and South Korea. The research and its outcomes presented here are devoted to the nexus between innovation in environment-related technologies, finance, and environmental, social, and governance (ESG) issues. A promising means of achieving a sustainable society is to accelerate innovation in environmental technologies. Chapters of this book tackle some important issues. Using the data on environmental innovation creation and financial markets, the contributors identify three scopes in which ESG performance forms how investors evaluate corporate performance against climate-related risk in the Asia-Pacific capital markets (e.g., corporate bond and credit default swaps); how lenders allocate their credits according to carbon emissions in Japan; and what determines environmental technology creation and how it affects environmental improvement at a country-level. This book thus provides insights into the nexus between innovation in environment-related technologies, finance, and ESG.

Offers insights into understanding environmental, social, and governance (ESG) activities in Asia-Pacific markets Argues how the capital market and bank lending evaluate corporate ESG performance, particularly carbon emissions Investigates the determinants of green innovation and its impacts on environmental performance

Autorentext

Sumiko **Takaoka is a Professor at the Faculty of Business Administration, Seikei University. Having earned a bachelor of Policy Management from Keio University in 1998 and a master of International Public Policy from Osaka University in 2000, she recieved a Ph.D in Economics from Osaka University in 2003. Before joining Seikei University, she held previous academic appointments as a research associate at Tokyo University and as a research fellow in Kyoto University. Professor Takaoka was a Visiting Scholar, Harvard University, Reischauer Institute of Japanese Studies from 2007 to 2009. Her research interests focus on several economics areas including law and economics to finance. This diverse research has appeared in several academic journals such as the *Journal of Banking and Finance, Journal of Legal Studies, Journal of International Money and Finance, Journal *of Financial Stability, Economics Letters, Journal of Applied Econometrics.

Inhalt

1 Introduction.- 2 Optimality of Sustainable Investing Strategies.- 3 Effects of ESG Performance on Credit Spreads in Japan.- 4 Credit Default Swaps and Corporate Carbon Emissions in Japan.- 5 Green House Gas Emission and Bank Lending in Japan.- 6 The contribution of migrant inventors to environmental innovation in the Asia-Pacific region.- 7 The links between environmental innovation and environmental performance