IDEAS home Printed from https://ideas.repec.org/a/spr/endesu/v24y2022i1d10.1007_s10668-021-01371-7.html
   My bibliography  Save this article

Sustainable banking: a systematic review of concepts and measurements

Author

Listed:
  • Leticia Inácio

    (Federal University of São Carlos (UFSCar))

  • Ivete Delai

    (Federal University of São Carlos (UFSCar))

Abstract

The banking sector has a fundamental role in promoting sustainable development. Due to its performance as an intermediary, it can influence the pace and direction of this development, both by its customers and by its own business model. Measuring performance in this regard enables us to have a clearer view of strengths and weaknesses, improving the effectiveness of business decisions. Despite this relevance, there is still no consensus on what a sustainable bank is, and studies related to measurements in this sector are still incipient and incomplete. Considering this, this paper aims to identify the sustainability issues that have been evaluated in the banking sector. To do this, a systematic literature review was carried out with a content analysis of 63 papers. As a result, a broad view was obtained of the sustainability issues that were measured.

Suggested Citation

  • Leticia Inácio & Ivete Delai, 2022. "Sustainable banking: a systematic review of concepts and measurements," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 1-39, January.
    • Handle: RePEc:spr:endesu:v:24:y:2022:i:1:d:10.1007_s10668-021-01371-7
    DOI: 10.1007/s10668-021-01371-7
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10668-021-01371-7
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10668-021-01371-7?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hansen, Jã˜Rgen Karthum & Hansen, Stein, 1999. "Integrating environmental concerns into economy-wide policies in developing countries: the role of multilateral development banks," Environment and Development Economics, Cambridge University Press, vol. 4(1), pages 45-68, February.
    2. Lay Hong Tan & Boon Cheong Chew & Syaiful Rizal Hamid, 2017. "Service quality implementation in shaping sustainable banking operating system," Qualitative Research in Financial Markets, Emerald Group Publishing Limited, vol. 9(4), pages 359-381, November.
    3. Michael Kühnen & Rüdiger Hahn, 2017. "Indicators in Social Life Cycle Assessment: A Review of Frameworks, Theories, and Empirical Experience," Journal of Industrial Ecology, Yale University, vol. 21(6), pages 1547-1565, December.
    4. Bertrand Moingeon & Muhammad Yunus & Laurence Lehmann-Ortega, 2010. "Building Social Business Models: Lessons from the Grameen Experience," Post-Print hal-00528385, HAL.
    5. Sung C. Bae & Kiyoung Chang & Ha-Chin Yi, 2016. "The impact of corporate social responsibility activities on corporate financing: a case of bank loan covenants," Applied Economics Letters, Taylor & Francis Journals, vol. 23(17), pages 1234-1237, November.
    6. Erik Simanis & Stuart Hart, 2006. "Expanding Possibilities at the Base of the Pyramid (Innovations Case Discussion: KickStart)," Innovations: Technology, Governance, Globalization, MIT Press, vol. 1(1), pages 43-51, March.
    7. Cory Searcy, 2012. "Corporate Sustainability Performance Measurement Systems: A Review and Research Agenda," Journal of Business Ethics, Springer, vol. 107(3), pages 239-253, May.
    8. P. K. Haldar & S. M. Mahbubur Rahman & Md. Shahin Mia & Ferdoushi Ahmed & Ahmad Bashawir, 2016. "Assessing the Role of Corporate Social Responsibility Practices of Commercial Banks in Enhancing Financial Inclusion: A Study on Banking Sector in Bangladesh," International Journal of Economics and Financial Issues, Econjournals, vol. 6(4), pages 1778-1783.
    9. Toufic Mezher & Dima Jamali & Carine Zreik, 2002. "The role of financial institutions in the sustainable development of Lebanon," Sustainable Development, John Wiley & Sons, Ltd., vol. 10(2), pages 69-78.
    10. Zbigniew Korzeb & Reyes Samaniego-Medina, 2019. "Sustainability Performance. A Comparative Analysis in the Polish Banking Sector," Sustainability, MDPI, vol. 11(3), pages 1-16, January.
    11. Beata Ciałowicz & Andrzej Malawski, 2017. "Innovativeness of Banks as a Driver of Social Welfare," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 9(2), pages 97-113, June.
    12. Joanna Krasodomska, 2015. "CSR disclosures in the banking industry. Empirical evidence from Poland," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 11(3), pages 406-423, August.
    13. Rakesh Raut & Naoufel Cheikhrouhou & Manoj Kharat, 2017. "Sustainability in The Banking Industry: A Strategic Multi‐Criterion Analysis," Business Strategy and the Environment, Wiley Blackwell, vol. 26(4), pages 550-568, May.
    14. Sadaf Iqbal & Tahir Farid & Jianhong Ma & Amira Khattak & Mohammad Nurunnabi, 2018. "The Impact of Authentic Leadership on Organizational Citizenship Behaviours and the Mediating Role of Corporate Social Responsibility in the Banking Sector of Pakistan," Sustainability, MDPI, vol. 10(7), pages 1-11, June.
    15. Carnicer, Jofre & Peñuelas, Josep, 2012. "The world at a crossroads: Financial scenarios for sustainability," Energy Policy, Elsevier, vol. 48(C), pages 611-617.
    16. Lucie Kvasničková Stanislavská & K. Margarisová & K. Šťastná, 2012. "Corporate Social Responsibility in banking sector," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 60(2), pages 157-164.
    17. Ricardo Server Izquierdo & Jordi Capó Vicedo, 2012. "Corporate social responsibility of financial organizations in the social economy: a case study on savings banks," Service Business, Springer;Pan-Pacific Business Association, vol. 6(1), pages 99-115, March.
    18. Rabeya Kulsum & S. S. M. Sadrul Huda, 2018. "Re-Thinking About The Green Banking Model In The Context Of Bangladesh," Journal of Developing Areas, Tennessee State University, College of Business, vol. 52(2), pages 197-214, April-Jun.
    19. Sonia Rebai & Mohamed Naceur Azaiez & Dhafer Saïdane, 2016. "A multi-attribute utility model for generating a sustainability index in the banking sector," Post-Print hal-01744485, HAL.
    20. Aleksey Vladimirovich Gribanov & Vladimir Vladimirovich Mitrokhin & Mariya Viktorovna Vilkova, 2017. "Innovation as the Main Factor for Sustainable Development of a Commercial Bank," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 408-416.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Aghilasse Kashi & Mohamed Eskandar Shah, 2023. "Bibliometric Review on Sustainable Finance," Sustainability, MDPI, vol. 15(9), pages 1-30, April.
    2. Annalisa Baldissera, 2023. "Sustainability reporting in banks: History of studies and a conceptual framework for thinking about the future by learning from the past," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2385-2405, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Simona Galletta & Sebastiano Mazzù & Valeria Naciti & Carlo Vermiglio, 2021. "Sustainable development and financial institutions: Do banks' environmental policies influence customer deposits?," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 643-656, January.
    2. Fijałkowska Justyna & Sačer Ivana Mamić & Zyznarska-Dworczak Beata & Sandulescu Maria-Silvia & Garsztka Przemysław & Mokošova Daša, 2023. "The Efficiency of Sustainability Engagement Reported by Banks in Poland, Croatia and Romania," Journal of Intercultural Management, Sciendo, vol. 15(1), pages 94-123, March.
    3. Saeed Nosratabadi & Gergo Pinter & Amir Mosavi & Sandor Semperger, 2020. "Sustainable Banking; Evaluation of the European Business Models," Papers 2003.13423, arXiv.org.
    4. Ioana Sofian & Mădălina Dumitru, 2017. "The Compliance of the Integrated Reports Issued by European Financial Companies with the International Integrated Reporting Framework," Sustainability, MDPI, vol. 9(8), pages 1-16, July.
    5. Saeed Nosratabadi & Gergo Pinter & Amir Mosavi & Sandor Semperger, 2020. "Sustainable Banking; Evaluation of the European Business Models," Sustainability, MDPI, vol. 12(6), pages 1-19, March.
    6. Parisa Rafiaani & Zoumpolia Dikopoulou & Miet Dael & Tom Kuppens & Hossein Azadi & Philippe Lebailly & Steven Passel, 2020. "Identifying Social Indicators for Sustainability Assessment of CCU Technologies: A Modified Multi-criteria Decision Making," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 147(1), pages 15-44, January.
    7. Juniati Gunawan & Paulina Permatasari & Umesh Sharma, 2022. "Exploring sustainability and green banking disclosures: a study of banking sector," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(9), pages 11153-11194, September.
    8. Andreea-Daniela Moraru & Margareta Ilie, 2021. "Towards Sustainability in Banking Services Development. Customer Satisfaction with Banking Services – Influences and Perspectives," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 842-848, December.
    9. Grijalvo, Mercedes & García-Wang, Carmen, 2023. "Sustainable business model for climate finance. Key drivers for the commercial banking sector," Journal of Business Research, Elsevier, vol. 155(PB).
    10. Nicholas Igbudu & Zanete Garanti & Temitope Popoola, 2018. "Enhancing Bank Loyalty through Sustainable Banking Practices: The Mediating Effect of Corporate Image," Sustainability, MDPI, vol. 10(11), pages 1-11, November.
    11. Ecer, Fatih & Pamucar, Dragan, 2022. "A novel LOPCOW‐DOBI multi‐criteria sustainability performance assessment methodology: An application in developing country banking sector," Omega, Elsevier, vol. 112(C).
    12. Galletta, Simona & Mazzù, Sebastiano & Naciti, Valeria, 2022. "A bibliometric analysis of ESG performance in the banking industry: From the current status to future directions," Research in International Business and Finance, Elsevier, vol. 62(C).
    13. Wendy L. Tate & Lydia Bals, 2018. "Achieving Shared Triple Bottom Line (TBL) Value Creation: Toward a Social Resource-Based View (SRBV) of the Firm," Journal of Business Ethics, Springer, vol. 152(3), pages 803-826, October.
    14. Markus Riegler, 2023. "Towards a definition of sustainable banking - a consolidated approach in the context of guidelines and strategies," International Journal of Corporate Social Responsibility, Springer, vol. 8(1), pages 1-26, December.
    15. Cristina Gutiérrez-López & Julio Abad-González, 2020. "Sustainability in the Banking Sector: A Predictive Model for the European Banking Union in the Aftermath of the Financial Crisis," Sustainability, MDPI, vol. 12(6), pages 1-25, March.
    16. Juan J. Nájera-Sánchez, 2019. "A Systematic Review of Sustainable Banking through a Co-Word Analysis," Sustainability, MDPI, vol. 12(1), pages 1-23, December.
    17. Junyon Im & Sunny Sun, 2015. "Profits and outreach to the poor: The institutional logics of microfinance institutions," Asia Pacific Journal of Management, Springer, vol. 32(1), pages 95-117, March.
    18. Belen Lopez & Alfonso Torres & Alberto Ruozzi & Jose Antonio Vicente, 2020. "Main Factors for Understanding High Impacts on CSR Dimensions in the Finance Industry," Sustainability, MDPI, vol. 12(6), pages 1-17, March.
    19. Erik G. Hansen & Stefan Schaltegger, 2018. "Sustainability Balanced Scorecards and their Architectures: Irrelevant or Misunderstood?," Journal of Business Ethics, Springer, vol. 150(4), pages 937-952, July.
    20. Fiaz Ahmad Sulehri & Saba Sharif, 2022. "The Impact of Firm Sustainability on Firm Growth: Evidence from USA," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(2), pages 1-15, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:endesu:v:24:y:2022:i:1:d:10.1007_s10668-021-01371-7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.