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Das Transformationspotential des deutschen Sustainable Finance Diskurses: Eine Einschätzung auf Basis von Logiken und Frames

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Dimmelmeier, A., Egerer, E. Das Transformationspotential des deutschen Sustainable Finance Diskurses: Eine Einschätzung auf Basis von Logiken und Frames. Vierteljahrshefte zur Wirtschaftsforschung, 92(1), 11-36. https://doi.org/10.3790/vjh.92.1.11
Dimmelmeier, Andreas and Egerer, Elsa "Das Transformationspotential des deutschen Sustainable Finance Diskurses: Eine Einschätzung auf Basis von Logiken und Frames" Vierteljahrshefte zur Wirtschaftsforschung 92.1, 2023, 11-36. https://doi.org/10.3790/vjh.92.1.11
Dimmelmeier, Andreas/Egerer, Elsa (2023): Das Transformationspotential des deutschen Sustainable Finance Diskurses: Eine Einschätzung auf Basis von Logiken und Frames, in: Vierteljahrshefte zur Wirtschaftsforschung, vol. 92, iss. 1, 11-36, [online] https://doi.org/10.3790/vjh.92.1.11

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Das Transformationspotential des deutschen Sustainable Finance Diskurses: Eine Einschätzung auf Basis von Logiken und Frames

Dimmelmeier, Andreas | Egerer, Elsa

Vierteljahrshefte zur Wirtschaftsforschung, Vol. 92 (2023), Iss. 1 : pp. 11–36

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Andreas Dimmelmeier, Ludwig Maximilians-Universität, München

  • Andreas Dimmelmeier ist wissenschaftlicher Mitarbeiter an Institut für Statistik der Ludwig-Maximilians-Universität München, wo er zu Green Finance Daten, Indikatoren und Algorithmen (Green DIA) forscht. Er hat an der Copenhagen Business School und der University of Warwick in Politikwissenschaften promoviert. Seine Forschung befasst sich mit der Entstehung von Sustainable Finance als Politikfeld und mit der Rolle und Interaktion von Diskursen, Expert*innennetzwerken und sozio-technischen Infrastrukturen in diesem Prozess.
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Elsa Egerer, Cusanus Hochschule für Gesellschaftsgestaltung, Koblenz

  • Elsa Egerer ist Ökonomin (M. Sc.) und lehrt und forscht an der Cusanus Hochschule für Gesellschaftsgestaltung. Gegenwärtig liegt ihr Forschungsfokus auf der Rolle, die Finanzmärkte bei der Transformation zu einer post-fossilen Wirtschaft spielen. Die inhärente Instabilität der Finanzmärkte und die Frage nach einer nachhaltigen Ausgestaltung derselben beschäftigt sie seit der Globalen Finanzkrise und führte zu Ihrem Engagement für eine Plurale Ökonomik, u. a. im Netzwerk Plurale Ökonomik sowie an der Universität Siegen. Neben ihrem Forschungsschwerpunkt Finanzmärkte hat sie zu ökonomischer Bildung sowie Kommunalfinanzen publiziert.
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Abstract

Against the backdrop of a simultaneous dynamization of sustainable finance and intensifying environmental and social crises, the following article carries out an analysis of the transformation potential of the sustainable finance discourse that is present in German governance discussions. The discourse is illustrated through a content analysis of the German government’s Sustainable Finance Strategy and the final report of the first Sustainable Finance Advisory Council. In order to evaluate the transformation potential, a frame analysis is conducted. Subsequently, the analyzed frames are linked to the concept of institutional logics, which allows for an assessment of their transformation potential. The article comes to the conclusion that the governance discourse on sustainable finance in Germany is dominated by an integrative frame, which describes sustainable finance per se as desirable, and a frame, which emphasizes financial risks. With regard to institutional logics, a state logic that is motivated by location specific competitiveness policies and a financial market logic dominate. This is consistent with the interpretation that the mainstreaming of sustainable finance is accompanied by an increasingly financialized discourse that derives its goals largely from its own system logics, i. e. those inherent in the financial system. Based on the analysis, the article concludes that the transformation potential of the assessed governance discourse on Sustainable Finance in Germany is relatively low.

Table of Contents

Section Title Page Action Price
Andreas Dimmelmeier und Elsa Egerer - Das Transformationspotential des deutschen Sustainable Finance Diskurses: Eine Einschätzung auf Basis von Logiken und Frames 1
1 Systematisierung der Bedeutungen von Sustainable Finance anhand von Logiken und Frames 3
1.1 Wie Logiken Sustainable Finance als Mittel definieren und von wem sie institutionellvertreten werden 4
1.2 Zum Transformationspotential verschiedener Logiken 5
1.3 Frames als Analyseinstrumente für den SF Diskurs 8
1.4 Logiken, Frames und Transformationspotentiale: Der Versuch einer Synthese 9
2 Eine empirische Analyse des deutschen Sustainable Finance Diskurses anhandexemplarischer Beispiele 11
2.1 Die Sustainable Finance Strategie der Bundesregierung 13
2.2 Besonderheiten des SF Diskurses in der SFS und im SFBB Abschlussbericht 17
2.3 Der deutsche Sustainable Finance Diskurs aus der Perspektive von Logiken undTransformationspotential 17
3 Abschließende Betrachtungen und weiterführende Forschungsfragen 19
Literaturverzeichnis 20