Are the effects of sustainable finance merely placebos?

Sustainable finance is proving to be the trend which endures. In the face of global challenges such as climate change and biodiversity loss, there is a strong push from investors and regulators to invest money towards addressing these problems.      However, research increasingly shows that divestment to redirect capital towards investments aligned with sustainability does not effectively create real-world change. This understanding is gaining more awareness both in practice and research, allowing us to better comprehend the means and methods through which impact can be truly achieved.   ...