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The FDIR Research Initiative brings together researchers and practitioners to advance and disseminate knowledge in sustainable finance. Its remarkable longevity is due to the loyal commitment of its partners and the quality and variety of the scientific teams involved.

Every three years, FDIR members, assisted by a Scientific Orientation Committee, define priority projects with the aim of addressing the concerns of the financial industry while meeting academic research standards. This booklet summarizes the work carried out during the period 2022-2025.

To understand how finance can contribute to the sustainable development of our economies, we need to look at the triptych of individuals/financial industry/companies.
Firstly, what motivates individuals to invest in responsible companies? Milo Bianchi studies the influence of life experiences on individual investment decisions.
Secondly, how can the financial management industry be organized to promote socially responsible investment? Olivier Gossner looks at the impact of management fees on the industry’s ability to support long-term investment. Patricia Crifo analyzes the role of SRI labels in alerting investors to companies’ actions.

Finally, what tools are available to sustain responsible companies’ actions? Sébastien Pouget assesses the impact of green patents on companies’ financial and environmental performance. Patricia Crifo looks at the links between wage policy and CSR. Nicolas Treich, whose interview opens this issue, discusses the specific difficulties involved in defining a strategy to protect biodiversity.
Enjoy your reading!

You can download the english version here

Catherine Casamatta
Professor of Finance at Toulouse School of Economics (TSE)
and Toulouse School of Management (TSM), Université Toulouse Capitole.