Finance for a future of sustainable prosperity

Taylor, Nick; Jones, Aled; Hafner, Sarah and Kitchen, Joanna. 2021. Finance for a future of sustainable prosperity. Area, 53(1), pp. 21-29. ISSN 0004-0894 [Article]

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Abstract or Description

Global society currently faces many challenges including climate change and rising inequality. This paper presents the results of a thematic coding analysis of a workshop comprised of senior accountants and actuaries who were asked to consider how a future of sustainable prosperity can be enabled by the finance sector. We found that mindset, skills, external drivers and decision boundaries were key themes that create barriers to change. Importantly, a reframing of the professions is required to underpin the changes required. The accountants and actuaries who took part believe that this represents a revolution from the way they currently operate with regard to regulation, exams, decision-making and their engagement with clients. They need to be more open to qualitative approaches to advice and focus on value creation, as well as re-constructing what is understood through value, rather than profit extraction.

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Additional Information:

The financial support of the Economic and Social Research Council for the Centre for the Understanding of Sustainable Prosperity (CUSP) (ESRC grant no: ES/M010163/1) is gratefully acknowledged. The institutional support of the Institute and Faculty of Actuaries and the Institute of Chartered Accountants in England and Wales is acknowledged.


finance sector, sustainability, accountancy, actuary, thematic analysis, workshop

Departments, Centres and Research Units:

Politics > Political Economy Research Centre


12 May 2020Accepted
14 May 2020Published Online
March 2021Published

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Date Deposited:

23 Sep 2020 09:31

Last Modified:

14 May 2022 01:26

Peer Reviewed:

Yes, this version has been peer-reviewed.


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