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Profession / Affiliation
Sebastian Philipps currently works as Carlo-Schmid Fellow at the Asian Development Bank Environment Operations Center in Bangkok. On behalf of the center, he identifies sustainable business cases in the logistics sector and develops investment proposals for incentivising and upscaling them.
Asian Development Bank Environment Operations Center
Definition of Responsible Investment Banking
Responsible investment and banking considers long term economic, social, environmental and governance factors. Smart responsible investment actively looks for value propositions that make these factors bankable, instead of simply limiting investment choices through the application of negative criteria.
Areas of Expertise
Sebastian Philipps focuses on sustainable value propositions for private, public and third-sector actors, and ways to make them bankable. His emphasis lies in the field of sustainable consumption and production, and climate change.
Prior to joining the Asian Development Bank EOC in Bangkok, Sebastian Philipps was part of the Collaborating Centre on Sustainable Consumption and Production (CSCP) for five years, where he developed the business area Sustainable Finance.
In his capacity as project manager and researcher he worked on global value chains and engaged in the CSCP’s China projects on sustainable urban development, green public procurement, green buildings and sustainable lifestyles. In addition, he supported the EU SWITCH-Asia Network Facility.
Previous to his time at the CSCP, Sebastian Philipps worked on assignments in the UK and China, where he gained experience with the development and implementation of investment projects under the Clean Development Mechanism.
Sebastian is an economist and China scholar by training and also holds a degree in business adimistration.
The financial industry has been engulfed in a crisis of confidence since 2007. As a consequence, banks and insurance companies find themselves confronted with a large number of regulation and supervision mechanisms, which are further increasing in terms quantity and intensity. This impacts strategic considerations in the industry and changes the immediate prospects of success of individual business sectors and products. The authors of this paper point out that the current pressure will appear light in view of the challenges and changes of the next 15 years. With the handprint concept, they recommend an approach on how financial institutions can prepare for a future where value creation is redefined. Recent initiatives in the manufacturing industry offer examples for translating this approach to financial institutions. And also within the financial industry, new developments prepare the methodological basis for such a transfer.1
With the integrated reporting approach (IIRC 2013), a framework for the integration of non-financial indicators into reporting is being created that greatly fosters the implementation of the handprint approach. The development of such integrated reporting will, however, take time. The article therefore closes with specific recommendations for human resources development and management and suggests sector initiatives and proposals for an industry-wide, cross-sectoral cooperation. These approaches make it possible to apply the new handprint concept already now and pave the way for companies and organisations to actively invest in their future viability.
Co-Authors: Henrik Ohlsen, Dr. Christina Raab