Sustainable banking: A literature review and integrative framework

Aracil, Elisa; Sánchez, Juan José Nájera; Forcadell, Francisco Javier

doi:10.1016/j.frl.2021.101932

Cited by 97 publications

(78 citation statements)

References 34 publications

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“…For instance, although the banking industry has an expressive social impact and establishes new trends and strategies (Platonova et al, 2016), social responsibility research gained much later application in this sector (Branco and Rodrigues, 2006;Krasodomska, 2015;Kilic, 2015;Matuszak et al, 2019). According to the literature review by Aracil et al (2021), the 2008 financial crisis increased academic attention to sustainable banking issues. The authors noticed that most of the articles (88%) were published between 2009 and 2019.…”

Section: Introductionmentioning

confidence: 99%

Environmental disclosure practice in the Serbian banking sector

Hanić

Jovanović

Stevanović

2021

Management (Split, Online)

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This paper aims to: a) analyse the environmental disclosure practice in the Serbian banking sector, b) determine whether the degree of disclosure is higher in the case of big, i.e. systemically important banks, and c) examine if there is a positive relationship between the banks' CSR practice and their financial performance. The environmental disclosure index (EDI) based on 15 variables was employed to measure environmental disclosure performance for the Serbian banking industry. The data were generated through content analysis of the annual and sustainability reports of a total of 10 banks, five of which were classified as systemically important banks for the period 2015-2019. The sample was determined by the availability of reports for the analysed period and the bank establishment year. The results show that the majority of Serbian banks discloses their environmental policy (74%), the undertaken environmental activities with the local community (51%), and the utilization efficiency of water, energy, and paper (48%). Although the findings indicate that the environmental disclosure practice among all banks in Serbia is growing, the reports are not standardized. In addition, the systemically important banks in Serbia do not have a better disclosure practice. The econometric analysis implies that the bank's status does not influence the level of environmental disclosure and that there is no positive relationship between financial performance (ROA and ROE) and EDI. This study has implications for policymakers and accounting bodies in Serbia in standardizing non-financial reporting and creating certain green and sustainable banking guidelines.

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Section: Introductionmentioning

confidence: 99%

Environmental disclosure practice in the Serbian banking sector

Hanić

Jovanović

Stevanović

2021

Management (Split, Online)

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“…In the area of banking and sustainability, there is a growing literature focussing on "sustainable banking" (Aracil, 2021), to vivid societal debate around the role of banks in the advancement towards sustainability. It involves research into environmental protection through banks' investment in goods and services (Lindenberg and Volz, 2016).…”

Section: Literature Reviewmentioning

confidence: 99%

Interpreting banks’ sustainability initiatives as reputational risk management and mechanisms for coping, re-embedding and rebuilding societal trust

Saeudy

Atkins

Barone

2021

QRFM

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Purpose This paper aims to contribute to a growing literature in sustainable and green banking by exploring the views of senior banking representatives towards the implementation of sustainability initiatives through extensive interview research. The authors explore the extent to which such initiatives are embedded within the banking industry, whether they represent risk management mechanisms and whether they are imbued with reputational risk management rather than a genuine response to ethical societal concerns. Design/methodology/approach Qualitative semi-structured interviews were conducted with UK bank managers. The interviewees’ utterances are interpreted through a sociological theoretical lens derived from the study of Giddens and Beck, allowing us to conclude that external initiatives such as the Equator Principles seem to be adopted as re-embedding mechanisms that can rebuild societal trust, as well as representing mechanisms of reputational risk management. Findings The analysis suggested that internal sustainability initiatives were interpreted as coping mechanisms whereby bank employees can recreate their protective cocoon, reinstating their ontological security in response to the high consequence risks of climate change and other related systemic factors that create overwhelming feelings of engulfment. Originality/value Using Beck’s risk society theory as a theoretical lens through which to interpret the interview data allows a number of concluding comments and suggestions to be made. The findings resonate with earlier research into institutional investors’ attitudes towards climate change that found their engagement and dialogue with companies around climate change issues to be imbued with a risk discourse: their initiatives and actions were dominated by risk management motivations.

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“…And last but not least, Aracil et al (2021) found out there are certain perspectives stating that banks have vital roles and can engage in strategies of sustainability.…”

Section: Literature Reviewmentioning

confidence: 99%

Evaluating and Comparing Beta CAPM in 2 Listed Vietnam Banks for Bannking Sustainable Development During Period 2011-2020

Nhung¹,

Huy²,

Nam³

et al. 2021

revistageintec

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Authors selected 2 big listed banks Vietcombank and Sacombank in order to calculate market risk and make comparison, in Vietnam financial market. There are both strengths and weaknesses in risk management processes in commercial banks in emerging markets such as Vietnam. Huy, D.T.N (2015) has done a research to state that risk management and corporate governance standards nee to be enhance in corporations. Study results tell us that CPI has negative effect and higher impact on beta of both banks (table 3), while Rf has high impact and positive effect on beta of the banks, we suggest relevant governmental agencies need to control CPI (not decrease much) and rates of T-bill (not increase much) in order to reduce market risk. Finally, we make recommendations on risk management.

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Sustainable banking: A literature review and integrative framework

Cited by 97 publications

References 34 publications

Environmental disclosure practice in the Serbian banking sector

Environmental disclosure practice in the Serbian banking sector

Interpreting banks’ sustainability initiatives as reputational risk management and mechanisms for coping, re-embedding and rebuilding societal trust

Evaluating and Comparing Beta CAPM in 2 Listed Vietnam Banks for Bannking Sustainable Development During Period 2011-2020

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