Spoke 4 GRINS
Sustainable finance
About GRINS enlarged partnership
Growing Resilient, INclusive and Sustainable
The economic, financial and geo-political crises of the last two decades along with the pandemic have left a tangible imprint on socio-economic conditions in Italy, increased inequalities and put a shadow on the growth prospects of entire communities that are increasingly put under stress by socio-economic, political and health shocks. The actors of the system, firms, households and public administrations, face complex and changing environments and need to make choices under uncertainty, often under limited information and often facing limitations in their ability to process it and use it proficiently.
GRINS aims at developing an integrated set of geo-referenced heterogeneous databases for the study of the evolution of the economic and social conditions of the Italian local areas and of the economic system as a whole.
GRINS research focuses on:
- Environment, that is, the evolution of climatic conditions, the mapping of significant natural risks, and pollution data;
- Economic-social and health, that is, the analysis of heterogeneous information on sentiment, mobility, consumption, health, as well as the performance of economic activities;
- Finance, for the analysis of the relationship between environmental dynamics, evolution of risk profiles at micro level and middle-term and long-term sustainability of the debt of different stakeholders (State, households, firms) at macro level.
Partners
GRINS includes 12 public universities:
- University of Bologna (UNIBO)
- Federico II University of Naples (UNINA)
- University of Padua (UNIPD)
- University of Turin (UNITO)
- Polytechnic University of Milan (POLIMI)
- University of Bari (UNIBA)
- University of Catania (UNICT)
- University of Palermo (UNIPA)
- Tor Vergata University of Rome (UTOV)
- University of Cagliari (UNICA)
- Ca’ Foscari University of Venice (UNIVE)
- University of Bergamo (UNIBG)
As research partners, GRINS includes three institutions internationally recognized as leaders in the fields of management, economics and finance:
Two partners have been selected to develop and host AMELIA:
Other partners will bridge GRINS with leading financial institutions, key providers of data and experts in data analysis and large data platforms:
- Intesa San Paolo
- LEITHÀ (controlled by UNIPOL)
- Poste Italiane [ITA]
- National Association of Insurance companies (ANIA) [ITA]
- PROMETEIA
- CRIF [ITA]
GRINS also includes two important partners for the geo-referenced coverage of disaggregated information on firms and households in Italy:
Spoke 4 GRINS
Sustainable finance
Spoke 4 activities deal with all financial aspects at micro and macro level of the project: it focuses on the improvement and development of methodological/analytical frameworks for sustainability measuring (ESG scores/ratings), performance and risk measurement and their implementation.
Its main objectives are:
- mobilize sustainable investments for the green transition of the economic system;
- define sustainable financial instruments and offer funding access to firms, especially SME; define ESG scores targeted for SMEs and improving firms and financial institutions’ alignment to EU Green Taxonomy;
- improve financial inclusion and funding to individuals, families and SME measuring risks and leveraging the complementarity among different funding and lending channels (digital and traditional);
- strengthen public debt and financial system resilience in the face of economic, social and climate shocks.
Applications range from new analytical tools to new services. In particular, the lack of standardized ESG risk disclosure represents a barrier to financial institutions, firms and regulators to include ESG considerations into their risk management tools, potentially leading to mispricing of financial risks, greenwashing and thus potentially reducing the investment opportunities in the low-carbon transition.
Leader
- Ca' Foscari University of Venice
Coordinator: Monica Billio
Affiliates
- UNIBA - University of Bari Aldo Moro
- UNIBG - University of Bergamo
- UNIBOCCONI - Bocconi University
- UNIBO - University of Bologna
- UNICA - University of Cagliari
- UNICT - University of Catania
- UNIPD - University of Padua
- UNIPA - University of Palermo
- POLIMI - Polytechnic University of Milan
- UNITO - University of Turin
- UNITOV - Tor Vergata University of Rome
- CRIF S.p.A.
- PROMETEIA S.p.A.
- LEITHÀ S.r.l.
Affiliated Spokes with the partnership of Ca’ Foscari University
Spoke 0: Data platform and knowledge transfer
Spoke Leader: Alma Mater Studiorum - University of Bologna
Spoke Coordinator: Prof. Matteo Cervellati
Public Universities and Public Research Institutions supervised by MUR
- UNIBO - Alma Mater Studiorum University of Bologna
- UNIBA - University of Bari Aldo Moro
- UNICT - University of Catania
- UNINA - University of Naples Federico II
- UNIPD - University of Padua
- UNITO - University of Turin
- UNIVE - Ca' Foscari University of Venice
- UNIPA - University of Palermo
- POLIMI - The Polytechnic University of Milan
- UNICA - University of Cagliari
- UTOV - Tor Vergata University of Rome
- UNIBG - University of Bergamo
Other public and private research organisations and companies
- UNIBOCCONI - Bocconi University
- SSSA - Sant’Anna School of Advanced Studies
- CINECA
- CRIF S.p.A.
- CMCC Foundation
- EIEF - Einaudi Institute for Economics and Finance
- EXPRIVIA S.p.A.
- INTESA Sanpaolo S.p.A.
- POSTE Italiane S.p.A.
- PROMETEIA S.p.A.
- TSC - Guglielmo Tagliacarne Study Centre
- LEITHÀ S.r.l.
- ANIA
Spoke 1: Firms’ sustainability
Spoke Leaders: Bocconi University Milan
Spoke Coordinators: Prof. SL: Torben Pedersen (UNIBOCCONI) and Marco Frey (SSSA)
Partners:
- UNIBO - Alma Mater Studiorum University of Bologna;
- UNICT - University of Catania
- UNIPD - University of Padua
- SSSA - Sant’Anna School of Advanced Studies
- UNITO - University of Turin
- UTOV - Tor Vergata University of Rome
- UNIVE - Ca' Foscari University of Venice
- LEITHÀ S.r.l.
Spoke 5: Innovation - ecosystems for the circular economy
Spoke Leader: University of Turin
Spoke Coordiantor: Prof. Francesco Quatraro (UNITO)
Partners:
- UNIBA - University of Bari Aldo Moro
- UNIBG - University of Bergamo
- UNIBOCCONI - Bocconi University
- UNIBO - Alma Mater Studiorum University of Bologna
- UNICA - University of Cagliari
- UNICT - University of Catania
- UNINA - University of Naples Federico II
- UNIPD - University of Padua
- UNIPA - University of Palermo
- POLIMI - The Polytechnic University of Milan
- SSSA - Sant’Anna School of Advanced Studies
- UNIVE - Ca' Foscari University of Venice
- INTESA Sanpaolo S.p.A.
Spoke 6: Low carbon policies
Spoke Leader: University of Padua
Spoke Coordinator: Prof. Paola Valbonesi (UNIPD)
Partners:
- UNIBOCCONI - Bocconi University
- UNIBO - Alma Mater Studiorum University of Bologna
- UNINA - University of Naples Federico II
- UNIPA - University of Palermo
- POLIMI - The Polytechnic University of Milan
- UNITO - University of Turin
- UTOV - Tor Vergata University of Rome
- UNIVE - Ca' Foscari University of Venice
- CMCC Foundation
- INTESA Sanpaolo S.p.A.
- PROMETEIA S.p.A.
Spoke 7: Territorial sustainability
Spoke Leader: University of Bari Aldo Moro
Spoke Coordinator: Prof. Angela Stefania Bergantino (UNIBA)
Partners:
- UNIBO - Alma Mater Studiorum University of Bologna
- UNICA - University of Cagliari
- UNICT - University of Catania
- UNINA - University of Naples Federico II
- UNIPA - University of Palermo
- POLIMI - The Polytechnic University of Milan
- UNIVE - Ca' Foscari University of Venice
- CMCC Foundation
- EXPRIVIA S.p.A.
- POSTE Italiane S.p.A.
- LEITHÀ S.r.l