Special Report - Culture-minded investors: Their inspiring way

The cultural industries, as well as the activities and practices directly associated with the creation, production, distribution, and enjoyment of central cultural content,1 are rarely invited to the table of influencers elaborating the future economic, social, and ecological pact, thus neglecting the cultural dimension of this hoped-for new way of life. [...] The sustainable finance and culture initiative To facilitate the link between the world of finance and the world of culture, the Dialogue of Civilizations Research Institute (DOC) and Respethica launched the Sustainable Finance and Culture Initiative last year. [...] The purpose of the study is to convey some of the answers to the three main questions posed to these banks: Why did you include culture in your sustainable development strategy or in your questioning as a responsible bank? How do you assess the impact of culture in your results and strategy? What are the reasons why many investors do not consider investing in the cultural sector? Culture and susta. [...] The sector’s value added accounted for €47.5 billion in 2017, or 2.3% of GDP, an economic weight akin to the food industry and 1.9-times more important than that of the automotive industry.7 These data highlight the economic and social weights of the arts and cultural activity as well as the high educational level of people employed. [...] The November 2019 European Council Resolution on the Cultural Dimension of Sustainable Development recalls the following: “That the inherent nature and intrinsic value of culture as well as the autonomy of the cultural sector and freedom of artistic expression are fundamental principles”.