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Corporate Social Responsibility in the European Banking Sector: Commitment to the 2030 Agenda and Its Relationship with Gender Diversity

Author

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  • Clara Gallego-Sosa

    (Department of Economics, University of Extremadura, 06006 Badajoz, Spain)

  • Milagros Gutiérrez-Fernández

    (Department of Financial Economy and Accounting, University of Extremadura, 10071 Cáceres, Spain)

  • Yakira Fernández-Torres

    (Department of Financial Economy and Accounting, University of Extremadura, 10071 Cáceres, Spain)

  • María Teresa Nevado-Gil

    (Department of Financial Economy and Accounting, University of Extremadura, 10071 Cáceres, Spain)

Abstract

This study examines the degree of corporate social responsibility (CSR) in the European banking sector in terms of commitment to the 2030 Agenda Sustainable Development Goals (SDGs). It also explores whether gender diversity on the board of directors can be used to differentiate between companies with different degrees of engagement with the SDGs. This question is important, given that achieving equal opportunities for women is a CSR priority for today’s companies given stakeholders’ demands. Descriptive and inferential statistical analyses are conducted using a sample of the 30 largest banks in Europe in terms of market capitalization as of 15 February 2019. Key conclusions are that most of the analyzed banks target at least one of the SDGs and that the banks that are most committed to Goals 11 (Sustainable Cities and Communities) and 13 (Climate Action) of the 2030 Agenda have greater gender diversity on their boards of directors.

Suggested Citation

  • Clara Gallego-Sosa & Milagros Gutiérrez-Fernández & Yakira Fernández-Torres & María Teresa Nevado-Gil, 2021. "Corporate Social Responsibility in the European Banking Sector: Commitment to the 2030 Agenda and Its Relationship with Gender Diversity," Sustainability, MDPI, vol. 13(4), pages 1-23, February.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:4:p:1731-:d:494341
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    5. García-Sánchez, Isabel-María & Aibar-Guzmán, Cristina & Núñez-Torrado, Miriam & Aibar-Guzmán, Beatriz, 2023. "Women leaders and female same-sex groups: The same 2030 Agenda objectives along different roads," Journal of Business Research, Elsevier, vol. 157(C).
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