Advances in Socially Responsible Investments in Resilience Finance

Abstract

ABSTRACT: Resilience finance is understood as an advancement of Socially Responsible Investments. In the wake of the COVID-19 economic fallout, unprecedented amounts of governmental rescue and recovery aid were allocated towards social and environmental causes. This paper argues that advances in Socially Responsible Investments are resilience finance pegged to noble causes but also ethics and ideologies. The COVID-19 bailout and recovery packages can potentially provide, if well-designed and properly-used, a unique opportunity to develop fairer and sustainable societies. Finance can imbue responsibility in the post-COVID-19 era in the establishment and fortification of the current Sustainable Development Goals but potentially also in negative screenings and sanction mechanisms in international law infringements. The article argues for a comparative Behavioral Law & Economics approach to understand the most contemporary international finance politics and responsible investment trends around the world. KEYWORDS: Climate Change, Climate Stabilization, Comparative Law & Economics, Coronavirus crisis, COVID-19, Digitalization, Economics, Economics of the Environment, Environmental Justice, Environmental Governance, Equality, Law & Economics, Healthcare, Monetary policy, Rescue and recovery aid, Redistribution, Social Justice, Socially Responsible Investment, Sustainability, Sustainable Development Goals