It has become widely acknowledged that the looming climate crisis and the necessary transition to a low-carbon economy can and will be financially material for financial institutions. Accordingly, microprudential supervisors have started including climate-related financial risks in their daily practices. Comparatively less attention has been given to the role macroprudential policies may play in addressing these risks from a system-wide perspective. This paper tackles climate risks as a macroprudential concern. It argues that macroprudential policies may play a key part in assessing and managing these risks, deploying new methodological means to map and model existing and evolving climate risks under different plausible scenarios. Insights from scenario analysis may help inform the use of ‘hard’ macroprudential tools to foster the robustness and resilience of the banking system against climate-induced shocks. Against the backdrop of the ongoing reform of the EU’s macroprudential framework, the paper explores how the macroprudential toolkit could be adjusted to the reality of climate-related financial risks.

In this chapter, I analyse the main trade-offs between the economic value of the firm and its social value, exploring how they are solved through corporate governance and regulatory constraints. To begin with, I show how firms generate social value while also increasing their long-term value under the enlightened shareholder value approach. Thanks to organizational and technological innovation, firms are led to change their business models and organization to enhance environmental and social sustainability and increase long-term profitability. In addition, managers promote their firms’ sustainability in compliance with ethical standards which are part of corporate culture. In similar situations, generating social value may determine pure costs to the enterprise. I argue therefore that the perspective of instrumental stakeholderism appears too narrow, for situations exist where non-economic values are also relevant to the firm. The importance of ethics is especially underlined by CSR and stakeholder theory. Moreover, management studies emphasize the role of corporate governance and organizational theory in the promotion of social value. The board of directors should identify the ethical and cultural values of the firm and monitor their application at all levels. In addition, organizational purpose plays a fundamental role for the ‘intrinsic’ motivation of people in corporations. The international soft law on corporate due diligence further contributes to the design of corporate purpose and to the motivation of managers and employees. Once corporate due diligence is recognized by European hard law through the proposed Directive, specific obligations will arise for companies which will impact their governance and could become a source of civil liability. As a result, the corporate purpose orientation to sustainability will be reinforced by the regulation of environmental and human rights externalities and by the due diligence obligations deriving from it.

This chapter examines a class of grammatical patterns called functional amalgams, for example, That’s the real issue is that you never really know and I have a friend in the Bay Area is a painter. Distinct from syntactic blends, functional amalgams are innovative constructions that combine otherwise incompatible subparts of other constructions. These combinations are not licensed by the canonical phrase-structure rules of the language and may appear illogical or redundant. However, unlike speech errors, functional amalgams are purposeful productions and serve to distribute across constituents units of meaning that would otherwise coalesce in a single constituent sign of a complex linguistic expression. We examine the properties that distinguish functional amalgams from syntactic amalgams, and explore the syntactic, semantic, and discourse-pragmatic features of functional amalgams, using an array of English sentence patterns as illustrations and showing why amalgams qualify as constructions in the sense of Construction Grammar. Finally, we extend this conception of functional amalgams to complex words, asking how selection properties of derivational endings may lead to coerced meanings.

This chapter explores the interaction between discourse structure, grammar, and prosody, on the example of insubordination, that is, the main clause use of formally subordinate clauses. After an overview of the forms and meanings of insubordinate constructions cross-linguistically, it focuses on a particular illustration of this phenomenon: contrastive insubordinate conditionals (CICC) in Spanish. First, it argues for the constructional status of the pattern and then it explores its discursive and prosodic features. The results of a corpus study show that CICC can occur in five different contexts, with a high preference for dispreferred responses. This is taken as evidence for proposing a network representation, with a schema representing the common form and meaning features of the construction and several instantiations in prototypical and peripheral contexts. Prosodically, the construction is combined with restricted prosodic patterns expressing similar pragmatic functions (focus and contrast). We can thus model prosodic patterns as pairings of a prosodic form and a pragmatic meaning and are inherited by sentence-level constructions expressing compatible pragmatic meanings.

This chapter reviews ways of analyzing interactional and grammatical regularities of spoken, dialogically organized language in a constructional framework. The basic tenet is that grammatical constructions, when used in talk-in-interaction, are housed in interactional sequences, and it is the constructions’ positions in certain sequential locations that motivates their use and shapes their form. Therefore, aspects of sequence and discourse organization are potentially distinctive features of constructions, and reflections of the interactional contingencies that generate them. Four types of construction are examined: receipt questions, second assessments, a construction of meaning negotiation, and pseudo-clefts. All these patterns can be said to be responsive in one way or another, thus lending themselves well to a dialogically sensitive analysis. The analytic examples highlight the necessity of abstracted interactional information for a fuller understanding of the workings of grammatical constructions in talk-in-interaction and for how an interactional perspective can enrich constructional approaches to analyzing linguistic structure.

This chapter provides an overview of corpus-based advances in Construction Grammar. After a brief introduction on kinds of data in linguistics in general and the notion of corpora in particular, I discuss a variety of corpus-based studies categorized into (i) largely qualitative studies, (ii) studies based on frequencies and probabilities, (iii) studies focusing on association strengths, and (iv) statistical as well as machine-learning studies. In each section, representative studies covering a variety of languages and questions are covered with an eye to surveying methodological as well as theoretical advantages. I conclude with an assessment of the state of the art by comparing how recent developments fare relative to Dąbrowska’s discussion of Cognitive Linguistics’s seven deadly sins.

The Taxonomy Regulation establishes common and science-based definitions to determine whether an economic activity is environmentally sustainable. It aims to make sustainable finance more accessible to investors, while also protecting them from false or misleading claims about a financial product’s sustainability. In doing so it shifts a large part of the burden to prevent greenwashing onto the legislator. This chapter therefore critically analyses the Taxonomy’s ability to protect investors from greenwashing and identifies a number of pitfalls. The market for sustainable financial products is rapidly growing, yet the Taxonomy so far only covers environmental sustainability in selected sectors. Gathering and disclosing the necessary environmental data can be challenging and costly and may discourage companies and financial market participants to offer Taxonomy-aligned products, possibly turning it into a niche product. The Taxonomy’s binary approach makes it difficult for investors to assess the sustainability of complex financial products and limits incentives for non-aligned companies to improve their performance. This chapter therefore argues for an extension of the Taxonomy that distinguishes between positive, intermediary and harmful activities and provides definitions for social and governance aspects of sustainability

Recent progress in deep learning and natural language processing has given rise to powerful models that are primarily trained on a cloze-like task and show some evidence of having access to substantial linguistic information, including some constructional knowledge. This groundbreaking discovery presents an exciting opportunity for a synergistic relationship between computational methods and Construction Grammar research. In this chapter, we explore three distinct approaches to the interplay between computational methods and Construction Grammar: (i) computational methods for text analysis, (ii) computational Construction Grammar, and (iii) deep learning models, with a particular focus on language models. We touch upon the first two approaches as a contextual foundation for the use of computational methods before providing an accessible, yet comprehensive overview of deep learning models, which also addresses reservations construction grammarians may have. Additionally, we delve into experiments that explore the emergence of constructionally relevant information within these models while also examining the aspects of Construction Grammar that may pose challenges for these models. This chapter aims to foster collaboration between researchers in the fields of natural language processing and Construction Grammar. By doing so, we hope to pave the way for new insights and advancements in both these fields.

We present an overview of constructional approaches to signed languages, beginning with a brief history and the pioneering work of William C. Stokoe. We then discuss construction morphology as an alternative to prior analyses of sign structure that posited a set of non-compositional lexical signs and a distinct set of classifier signs. Instead, signs are seen as composed of morphological schemas containing both specific and schematic aspects of form and meaning. Grammatical construction approaches are reviewed next, including the marking of argument structure on verbs in American Sign Language (ASL). Constructional approaches have been applied to the issue of the relation between sign and gesture across a variety of expressions. This work often concludes that signs and gesture interact in complex ways. In the final section, we present an extended discussion of several grammatical and discourse phenomena using a constructional analysis based on Cognitive Grammar. The data come from Argentine Sign Language (LSA) and includes pointing constructions, agreement constructions, antecedent-anaphor relations, and constructions presenting point of view in reported narrative.

In this chapter, we argue that it is highly beneficial for the contemporary construction grammarian to have a thorough understanding of the strong relationship between the research fields of Construction Grammar and artificial intelligence. We start by unraveling the historical links between the two fields, showing that their relationship is rooted in a common attitude towards human communication and language. We then discuss the first direction of influence, focusing on how insights and techniques from the field of artificial intelligence play an important role in operationalizing, validating, and scaling constructionist approaches to language. We then proceed to the second direction of influence, highlighting the relevance of Construction Grammar insights and analyses to the artificial intelligence endeavor of building truly intelligent agents. We support our case with a variety of illustrative examples and conclude that further elaboration of this relationship will play a key role in shaping the future of the field of Construction Grammar.

Climate change is humanity’s greatest challenge for the XXIst century. Its effects will be felt for generations to come. In light of the enormity of the challenge, bank regulators are moving, yet reforms are neither homogeneous nor comprehensive. The EU is clearly more committed to the effort than any other player, and even within the EU, attitudes are cautious towards Pillar 1 (prudential requirements) and macroprudential measures, and bolder towards Pillar 3 (market discipline through disclosures) and Pillar 2 (supervisory review), though more uneven on the latter. This does not follow a scientific logic (due to the high uncertainty of climate risk) but a policy logic, since legislators and regulators tend to follow a path of minimum resistance, and undertake first the reforms that require them a lower epistemic burden.

After a long tradition of studying languages as isolated systems, researchers are increasingly aware of the fact that speakers of most of the world’s languages are multilingual. The coexistence of multiple languages within the brain can be a significant force shaping each. The recognition of constructions and their arrays of constructional properties provides a useful tool for understanding contact phenomena: much of what is transferred in contact situations are constructions or constructional features. Conversely, examination of what is replicated can enhance our understanding of the nature of linguistic knowledge. Here replicated constructions of varying sizes and degrees of schematicity are first described, from words through discourse structures, then the transfer of individual constructional features, including prosody, special connotations, various pragmatic effects, linguistic and extralinguistic contexts of use, and frequency are discussed, as well as the social situations under which they occur. The kinds of constructions and constructional properties replicated provide additional evidence that constructions are more than simple combinations of basic form and meaning.

Chapter 10 looks at Estonia, which has one of the world’s most advanced digital societies. Correspondingly, its legal frameworks are adjusted to support the high level of digitalisation, including its criminal laws. However, the ongoing reform aims at making rules technology-neutral rather than establishing specialised regimes. Therefore, on the one hand, general rules of evidence apply to evidence in digital form, and the criminal procedure relies to a great extent on general and broad powers to meet the challenges of modern investigations. On the other hand, the cooperation duties of national service providers are highly specific and governed by the Electronic Communications Act. The chapter first provides an overview of Estonian criminal proceedings and digital evidence, before elaborating on the details of cooperation between law enforcement authorities and service providers, both domestic and foreign. Additionally, it considers aspects of protection of fundamental rights in this context.