Arnone, Massimo and Laureti, Lucio and Costantiello, Alberto and Anobile, Fabio and Leogrande, Angelo (2024): The Access to Credit in the Context of the ESG Framework at Global Level.
![]() |
PDF
MPRA_paper_121618.pdf Download (2MB) |
Abstract
This paper explores the critical role of the banking sector in facilitating the ecological transition through the integration of ESG (Environmental, Social, and Governance) factors. By analyzing the intersection of ESG considerations and access to credit globally, the study highlights how banks can catalyze sustainable investments while balancing financial risks. Using a systematic literature review and k-Means clustering analysis, we assess the global landscape of credit access, emphasizing the implications of ESG adoption on financial stability and economic growth. The findings suggest that while ESG integration presents challenges, it offers significant opportunities for banks to enhance their competitiveness and foster resilient financial systems. The paper concludes by proposing policy recommendations aimed at improving the incorporation of ESG factors within credit risk management and promoting sustainable finance.
Item Type: | MPRA Paper |
---|---|
Original Title: | The Access to Credit in the Context of the ESG Framework at Global Level |
English Title: | The Access to Credit in the Context of the ESG Framework at Global Level |
Language: | English |
Keywords: | ESG, Access to Credit, Sustainable Finance, Banking Sector, k-Means Clustering |
Subjects: | G - Financial Economics > G2 - Financial Institutions and Services > G20 - General G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages G - Financial Economics > G2 - Financial Institutions and Services > G22 - Insurance ; Insurance Companies ; Actuarial Studies G - Financial Economics > G2 - Financial Institutions and Services > G23 - Non-bank Financial Institutions ; Financial Instruments ; Institutional Investors G - Financial Economics > G2 - Financial Institutions and Services > G24 - Investment Banking ; Venture Capital ; Brokerage ; Ratings and Ratings Agencies G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation |
Item ID: | 121618 |
Depositing User: | Dr Angelo Leogrande |
Date Deposited: | 09 Aug 2024 10:31 |
Last Modified: | 09 Aug 2024 10:31 |
References: | Agnese, P., Battaglia, F., Busato, F., & Taddeo, S. (2023). ESG controversies and governance: Evidence from the banking industry. Finance Research Letters, 53, 103397. Aras G., Tezcan N., Kutlu Furtuna O. (2018). The value relevance of banking sectormultidimensional corporate sustainability performance. Corp. Soc. Responsib.Environ. Manag. 25, 1062e1073. Danisman G. O., Tarazi A. (2024). ESG activity and bank lending during financial crises. Journal of Financial Stability, 70, 101206. Di Tommaso C. Thornton J. (2020), Do ESG scores effect bank risk taking and value? Evidence from European banks, Corporate Social Responsibility & Environmental Management, 27(5), pp. 2286– 2298 Erhemjamts O., Huang K., Tehranian H. (2024). Climate risk, ESG performance, and ESG sentiment in US commercial banks. Global Finance Journal, 59, 100924. Feridon M., Gurgon H. (2020), Climate-Related Prudential Risks in the Banking Sector: A Review of the Emerging Regulatory and Supervisory Practices, Sustainability 2020, 12(13), 5325 Galletta S., Goodell J. W., Mazzù S., Paltrinieri A. (2023). Bank reputation and operational risk: The impact of ESG. Finance Research Letters, 51, 103494. Galletta S., Mazzù S. (2023), ESG controversies and bank risk taking. Business Strategy and the Environment, 32(1), 274-288. Giorgino M. (2021), ESG, finanza sostenibile e banche in Italia: stato dell’arte e prospettive, 25 Maggio Grove H., Patelli L., Victoravich L.M., Xu P.T. (2011), Corporate governance and performance in the wake of the financial crisis: evidence from US commercial banks. Corp. Govern. Int. Rev. 19, 418e436 Gurol B., Lagasio V. (2022). Women board members’ impact on ESG disclosure with environment and social dimensions: evidence from the European banking sector. Social Responsibility Journal, 19(1), 211-228. Harkin S.M., Mare D.S., Crook J.N. (2020). Independence in bank governance structure: empirical evidence of effects on bank risk and performance. Res. Int.Bus. Finance 52, 101177 Lagoarde-Segot T., (2020), Financing the Sustainable Development Goals, PoCfiN Working Paper 01/2020, Available at SSRN: https://ssrn.com/abstract=3552572 La Torre M. (2021), Banche e sostenibilità: più dell’amor può la compliance. L’anima ESG delle banche europee: chi vince tra autorità e mercato?, Il Sole 24Ore, 7 Aprile La Torre M, Leo S, Panetta I. C. (2021), Banks and environmental, social and governance drivers: Follow the market or the authorities? Corp Soc Responsib Environ Manag. 2021;1–15 Miranda B., Delgado C., Branco M. C. (2023), Board characteristics, social trust and ESG performance in the European banking sector. Journal of Risk and Financial Management, 16(4), 244. Murè P., Spallone M., Mango F., Marzioni S., Bittucci L. (2021), ESG and reputation: The case of sanctioned Italian banks. Corporate Social Responsibility and Environmental Management, 28(1), 265-277. Schoenmaker D. (2021), Greening monetary policy, Climate Policy, 2021, vol. 21, issue 4, 581-592 Stellner C., Klein C., Zwergel B. (2015), Corporate social responsibility and Eurozone corporate bonds: The moderating role of country sustainability, Journal of Banking & Finance, 59, issue C, p. 538-549 Srivastav A., Hagendorff J. (2016), Corporate governance and bank risk-taking, Corp.Govern. Int. Rev. 24, 334e345 Thomä J., Gibhardt K. (2019), Quantifying the potential impact of a green supporting factor or brown penalty on European banks and lending, Journal of Financial Regulation & Compliance, 27(3),380– 394. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/121618 |