Sustainable development and financial institutions: Do banks' environmental policies influence customer deposits?

2020 ◽  
Author(s):  
Simona Galletta ◽  
Sebastiano Mazzù ◽  
Valeria Naciti ◽  
Carlo Vermiglio
Keyword(s):  
Sustainable Development ◽  
Financial Institutions ◽  
Environmental Policies

scholarly journals Financial Institutions’ Risk Profile and Contribution to the Sustainable Development Goals

2021 ◽  
Vol 13 (14) ◽  
pp. 7738
Author(s):  
Nicolás Gambetta ◽  
Fernando Azcárate-Llanes ◽  
Laura Sierra-García ◽  
María Antonia García-Benau
Keyword(s):  
Sustainable Development ◽  
Financial Institutions ◽  
Sustainable Development Goals ◽  
Sustainability Reporting ◽  
Risk Profile ◽  
The Sustainable Development ◽  
Corporate Reporting ◽  
2030 Agenda ◽  
Development Goals ◽  
The Impact

This study analyses the impact of Spanish financial institutions’ risk profile on their contribution to the 2030 Agenda. Financial institutions play a significant role in ensuring financial inclusion and sustainable economic growth and usually incorporate environmental and social considerations into their risk management systems. The results show that financial institutions with less capital risk, with lower management efficiency and with higher market risk usually make higher contributions to the Sustainable Development Goals (SDGs), according to their sustainability reports. The novel aspect of the present study is that it identifies the risk profile of financial institutions that incorporate sustainability into their business operations and measure the impact generated in the environment and in society. The study findings have important implications for shareholders, investors and analysts, according to the view that sustainability reporting is a vehicle that financial institutions use to express their commitment to the 2030 Agenda and to higher quality corporate reporting.

Integrating Environmental Requirements into Vietnamese Sectoral Laws – Roles and Recommendations

2020 ◽  
pp. 1-9
Author(s):  
Mai Thanh Dung ◽  
Nguyen Minh Khoa ◽  
Phan Thi Thu Huong
Keyword(s):  
Sustainable Development ◽  
Law Enforcement ◽  
Environmental Protection ◽  
Legal System ◽  
Environmental Regulations ◽  
Environmental Issues ◽  
Environmental Policies ◽  
Environmental Concerns ◽  
Environmental Requirements ◽  
Environmental Considerations

The need for sustainable development underscores the role and importance of integrating environmental concerns in non-environmental policies because it is evident that environmental regulations only are insufficient to manage all environmental issues. Law enforcement on environmental protection in Vietnam clearly demonstrates this situation. Vietnam’s legal system of environmental protection is incompatible or overlapped with other sectoral laws and in fact many environmental matters have been implemented in accordance with sectoral laws while disregarding environmental considerations due to the lack of specific and explicit environmental provisions or requirements in sectoral laws and regulations. From that situation, the paper emphasizes the need to integrate environmental protection requirements into the sectoral laws of Vietnam and proposes some fundamental criteria and procedures to integrate environmental requirements into sectoral laws.

scholarly journals The Role of Environmental Law Education for Sustainable Development

2019 ◽  
Vol 8 (3) ◽  
pp. 79
Author(s):  
Hanna Audzei
Keyword(s):  
Sustainable Development ◽  
Social Economic ◽  
Environmental Law ◽  
Legal Education ◽  
Environmental Policies ◽  
Environmental Safety ◽  
Successful Solution ◽  
Legal Thinking ◽  
Ecological Culture

National imperative of sustainable development is a strategy that combines into one social, economic and environmental policies. First of all the environmental legal education should aim to prepare people for life in an innovative type of society. To achieve this goal of environmental and legal education we should be reoriented to form a human ecological and legal culture and eco-innovative type of legal thinking and a willingness to innovative type of environmental and legal action. The successful solution of this and other challenges requires science foundation, including environmental law science. Keywords: law, environmental legal education, sustainable development, environmental safety, ecology, responsibility, ecological culture, legislation

scholarly journals Transition Finance and Markets

2020 ◽  
Vol 9 (1) ◽  
pp. 137-147
Author(s):  
Deborah Cotton
Keyword(s):  
Sustainable Development ◽  
Financial Institutions ◽  
Development Assistance ◽  
Development Assistance Committee ◽  
Access To Finance ◽  
Financial Products ◽  
New Research

The increased focus and agreement on the requirement for the planet to be more sustainable has led to an array of new research and financial products. The new buzz phrase is transition financing which is being seen as the path to achieving a sustainable world. The Development Assistance Committee (DAC) in the Organisation for Economic Co-operation and Development (OECD, 2019) has the main objective of transition finance is to optimise access to finance for sustainable development to avoid financing gaps or socio-economic setbacks. This chapter examines some of the products and markets in current use by financial institutions and investors. It describes their use and recent research in this area as well as some gaps in this research.

scholarly journals Ethical Finance in Britain: A Neglected Prerequisite for Sustainability

2003 ◽  
Vol 5 (2) ◽  
pp. 109-133 ◽  
Author(s):  
Benjamin J. Richardson
Keyword(s):  
Sustainable Development ◽  
Financial Institutions ◽  
Financial Services ◽  
Environmental Law ◽  
Capital Allocation ◽  
Environmental Pressures ◽  
Development Patterns ◽  
Services Sector ◽  
Financial Services Sector ◽  
Ethical Finance

Financial institutions play a central role in capital and debt markets, providing the finance that shapes development patterns, and thus environmental pressures. Environmental law has traditionally focused on development itself, but not the capital allocation function. Consequently, the underlying market dynamics and growth imperatives are not adequately addressed. To achieve sustainable development in Britain, new legal tools and policies to promote ethical financing in the financial services sector are necessary. This article explains why ethical financing is important to sustainability, surveys the range of financial institutions in Britain relevant to ethical finance, and makes recommendations to improve the regulatory and institutional context for financing sustainable development.

Sustainable Finance

2019 ◽  
Author(s):  
Matthew Archer
Keyword(s):  
Sustainable Development ◽  
Political Ecology ◽  
Financial Institutions ◽  
Natural Capital ◽  
Corporate Sustainability ◽  
Socially Responsible Investing ◽  
Socially Responsible ◽  
Impact Investing ◽  
Responsible Investing ◽  
Sustainable Finance

Sustainable finance refers to the integration of environmental, social, and governance (or ESG) considerations in processes of financial decision-making. It includes a number of strategies and financial instruments, such as green bonds, screening, impact investing, socially responsible investing, and so on. Over the past few decades, sustainable finance has evolved from a strategy employed by ethical investors (such as religious institutions) to screen “bad” companies (arms, alcohol, and tobacco manufacturers; casinos; etc.) from their portfolios to an increasingly central part of banks’ and other financial institutions’ risk management strategies. Over the next few years, scholars and practitioners expect sustainable finance to evolve even further, becoming a strategy for investors to actively pursue new opportunities that traditional financial analyses fail to reveal or accurately value. In that sense, sustainable finance has evolved alongside corporate sustainability, shifting from a values-based focus on social responsibility to a more explicitly financial focus on long-term, strategic growth. For the purposes of this essay, sustainable finance refers to a number of trends, including impact investing, socially responsible investing, financing for sustainable development, and so on. Early analyses of sustainable finance were focused on establishing correlation between the integration of social and environmental concerns in investment decisions and the performance of those investments. More recent analyses have started trying to understand the causal relationships between impacts and investments, and between social-environmental performance and financial performance. The role of financial institutions like mutual funds and insurance companies in mitigating climate change and promoting sustainable development has become an important topic for practitioners and policymakers, as well as for academics interested in sustainable development, corporate sustainability, and a range of other issues. However, sustainable finance has remained more or less marginal within mainstream academic finance, owing in part to the idea that it does not offer anything theoretically new to study. And yet, as a number of scholars have shown, sustainable finance offers a novel lens through which to study emergent forms of risk and their interaction with each other, as well as more classic theoretical problems such as governance, performativity, and valuation. Because this is an emerging and rapidly evolving field, many of the works cited are relatively recent. A growing contingent of critical scholars, especially in economic geography and political ecology, has also formed around the notion of natural capital and the valorization/financialization of nature it engenders.

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