OIFD : International Observatory on Sustainable Finance

The OIFD, created in 2012, is part of SKEMA Business School and aims to :

• Observe and promote sustainable finance practices within financial institutions through partnerships and meetings with finance professionals, including BpiFrance, the French Banking Federation and Paris EUROPLACE, as well as international actors such as the departement for Green Economy and Blue Economy of the United Nations Economic Commission for Africa (ECA).
• Contribute to public debates on sustainable finance practices by soliciting expert opinions and writing policy briefs and articles, disseminated through a partnership with the publisher Revue Banque.
• Promote academic research in sustainable finance.
• Create, test and implement sustainable finance indices to monitor sustainable finance practices.

A multidisciplinary team in sustainable finance

OIFD, partner of SKEMA PUBLIKA

The objective of this partnership is to create a dynamic of influence on public decision-makers and to participate in public debates on sustainable finance. It has three components: the technological component (Mihaly PETRECZKY), the sustainable finance/CSR component (Sana BEN ABDALLAH) and the ethical/regulatory component (Diane de SAINT AFFRIQUE). Two notes were published in this context:

• SAÏDANE, D. & BEN ABDALLAH, S., “Democracy Operates through Businesses too“
• DE SAINT AFFRIQUE, D & SAÏDANE, D., “More Sustainable Finance: Self-Regulation for Businesses with Smart Law“

Fintech for impact measurement (2022)

In order to help companies improve the quality of their reporting, the OIFD is working on the creation of a Sustainable Performance Index (SPI): the SPI score Fintech. Based on a multi-criteria model, it aggregates various financial and non-financial criteria as well as satisfaction levels of various stakeholders. It is based on all dimensions of sustainability : environmental, social and economic. The indicator produced measures the intensity of the sustainability of a company. It identifies a company’s weaknesses and strengths vis-à-vis its stakeholders and invites it to consider the necessary actions to improve stakeholders’ level of satisfaction. The OIFD is currently working with BDMG Bank in Belo, Brazil to measure its SPI.

Launch of the MSc Sustainable Finance & Fintech

SKEMA Business School and the OIFD launched a new programme in Sustainable Finance and Fintech in September 2021.

Nine organisations partenered with SKEMA to create this programme:

For more information

SAB Trophy (2013-2015)

The SAB Trophy for Sustainable Finance was an initiative created in 2009 and launched in 2013 by the OIFD in partnership with the banking software international group SAB 2i (headed at the time by Olivier PECOUX) and the publisher Revue Banque. Until 2015, this annual prize, whose jury was co-chaired by Georges PAUGET, former CEO of Crédit Agricole, and Alice GUILHON, Director General of SKEMA Business School, rewarded the best scientific works on sustainable finance. Its objective was to accompany and understand the transformation of global finance.

Publications

• SAÏDANE, D. & BEN ABDALLAH, S (2021) “African firm default risk and CSR”. Finance Research Letters.
• SAÏDANE, D. & BEN ABDALLAH, S (2021) “Quelle relation causale entre stabilité financière et RSE ? Une comparaison Afrique – Europe. Revue Entreprise & Société.
• SAÏDANE, D. & BEN ABDALLAH, S (2021). “Sustainable finance: concepts, analyzes and perspectives”, chapter in “Finance between two worlds” book. (2021). Emerald Group Publishing, Bingley (UK).
• SAÏDANE, D. & BEN ABDALLAH, S (2020) “Sustainability and Financial Stability: Evidence from European Banks”, Economics Bulletin.
• BEN ABDALLAH, S., SAÏDANE, D. & BEN SLAMA, M (2020). CSR and banking soundness: A causal perspective. Business Ethics: A European Review.
• SAIDANE, D., Goguel, A., & Chikh, S. (2019). Do the shareholders take into account the eco-efficiency factor? Evidence from M&A announcement. Bankers, Markets & Investors.
• Ben Abdallah, S., Ben Slama, M., Fdhila, I. & Saïdane, D. (2018). Mesure de la performance durable des banques européennes : vers un reporting intégré. Revue d’Economie Financière.
• Rebaï, S., Naceur Azaiez, M., & Saidane, D. (2016). A multi-attribute utility model for generating a sustainability index in the banking sector. Journal of Cleaner Production (113), 835-849.
• REBAI S., AZAIEZ N and SAIDANE D. (2014) “Sustainable Finance and Sustainable Banking: Conceptualization”.
• REBAI S., AZAIEZ N and SAIDANE D. (2014) “Banking Performance Evaluation Towards a Sustainable Bank: A Multi-attribute utility Model”.
• REBAI S., AZAIEZ N and SAIDANE D. (2012) “Sustainable performance evaluation of banks using a multi-attribute utility model: an application to French banks”. Procedia Economics and Finance 2 (2012) 363 – 372.
• SAIDANE D. and G. PAUGET (2010), “Banking firm: what new post-crisis paradigm? », Revue d’économie Financière n ° 100
• SAIDANE D. and G. PAUGET (2010), “Sustainable Finance – The Post-Crisis Bank: Towards a New Paradigm?”, Banque et Strategie n ° 286 May 2010.
• SAIDANE D. and PAUGET G. (2011), “For a definition of universal sustainable banking” in Sustainable finance, Editions Revue Bank.
• Aziz, Saqib and Chikh, Sabrina and Dowling, Michael M. and Trabelsi, Dhoha, Committing to Widespread Disclosure of Carbon Impact (April 5, 2018). Available at SSRN: http://dx.doi.org/10.2139/ssrn.3157120.

Contact

Dhafer SAIDANE, Director of the OIFD : dhafer.saidane@skema.edu