1110008412345123RESEARCHANDPRACTICEOFFINANCIALCORPORATIONSFORPROMOTINGSUSTAINABLEDEVELOPMENTYuYongda,GuoPeiyuanSchoolofPublicPolicyandManagement,TsinghuaUniversityBeijing,100084[Abstract]Recently,thecloserelationshipbetweenfinancialcorporationsandsustainabledevelopmenthasbeengraduallyknownbythefinancialmanagers,andreformedtheirideasonenvironmentalprotection.Nowadays,abroadtheoreticalresearchfocuseson:(1)identifyingenvironmentalriskandopportunity;(2)assetpricingandauditing;(3)environmentalriskmanagement;(4)Innovationoffinancialinstruments;(5)Promotionbygovernmentandassociation.Theforeignfinancialcorporationshavebeguntoadjustthecorporatestrategysoastomakeitsuitableforsustainabledevelopment.UNEPFIisthemostimportantorganizationinthatfieldthroughouttheworld.InChina,relatedresearchdoesn’tonitswayyet.(1)ThedefinitionsofGreenFinancearenotcoincident.(2)Thetheoreticalresearchisjustinitsbeginning.(3)Corporationsgofasterthanpublicsectors.ThemostimportantthingthatChinashoulddonowistolearnfromtheresearchandexperiencesabroadandthenbeginourownresearchandpracticesaccordingly.[Keywords]FinancialCorporations,SustainableDevelopment,DevelopmentStrategy1.11guopeiyuan@hotmail.com2122SBAEnvironmentalManagementinFinancialInstitutions1980CERCLA1993(SEC)1997ACCAIFAC3UNEPFI2123452.2.112345EPI-Finance20001231ManagementPerformanceIndex123OperationalPerformanceIndex47VfU*--2UNEPDevelopingaSustainabilityPerformanceDevelopmentProgrammefortheFinancialSectorinLatinAmerica/Caribbean2001.45-----*7VfUVfU(InterimReport),2002.2.223SwissBankersAssociation,EnvironmentalManagementinFinancialInstitutions3InitialPublicOfferings**øøøøøøøø**52.241991174162.5%45.2%NationalWestminster19931992560019939700UNEPFI199219955TSBUNEPFI6GreenVentureCapitalINSEAD2002451390CRERES19893a15401b160045c1.2110d2-33-5e/fgh:J.Randjelovic,2001.EVCA&VentureEconomics,(KLD)DSL4004001999DowJonesSustainableGroup(DJSG)DJSG10%Ethibel4199956RichardCooper,UNEP2000.1,Vol.22,pp12~13.61992Ethibel20073.3.18919981019983.220012001199819993.3BOT117EconomicandFinancialBulletin2001.3.23KBGBankingandInsurance8199819989211998.4,pp22-25.101998.4,pp17-19.11BOTBuild-Operate-Transfer--,;,7.124.[1][]2000[2][]1996[3]EvanC.Henry,UNEP2000.1,Vol.22,pp11~12.[4]RichardCooper,UNEP2000.1,Vol.22,pp12~13.[5]UNEPFIInternationalRound-tableMeetingonBanksandEnvironment[2nd~5th],UNEPInsuranceIndustryInitiative[2nd~3rd],UNEPAnnualGeneralMeetingofUNEPFII[1st~2nd]UNEPFI12[1995]241995.2.6[1995]1051995.2.14