Sustainable Finance and ESG: Risk, Management, Regulations, and Implications for Financial Institutions by Chrysovalantis Gaganis & Fotios Pasiouras & Menelaos Tasiou & Constantin Zopounidis

Author:Chrysovalantis Gaganis & Fotios Pasiouras & Menelaos Tasiou & Constantin Zopounidis
Language: eng
Format: epub
ISBN: 9783031242830
Publisher: Springer International Publishing

2 What Motivates Banks to Consider ESG as a Relevant Issue?

As the world’s economies embracefinancial sustainability as a new business strategy, banks find themselves in a unique leadership position that can allocate the capital required and coordinate with multiple stakeholders to transition to a more sustainable and inclusive economy. Given their influence and reach, banks must be involved in mitigating ESG-related risks and their potential impacts. In this section, we discuss several factors that drive banks to incorporate ESG into their practices. Specifically, we identify why banks consider ESG as a relevant issue for financial reasons, reputational risks, and emerging regulatory pressure.

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