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ESG Reporting Standards in The Banking Sector: A Global Analysis

Author

Listed:
  • Andreea-Larisa Olteanu (Burcă)

    (“Ovidius” University of Constanta, Faculty of Economic Sciences, Romania)

  • Alina Elena Ionascu

    (“Ovidius” University of Constanta, Faculty of Economic Sciences, Romania)

  • Roxana Marcela Zaharia

    (“Ovidius” University of Constanta, Faculty of Economic Sciences, Romania)

Abstract

Integrating environmental, social and governance (ESG) factors into the banking sector is an increasingly important concern worldwide. This process involves adopting policies and practices that take into account the impact of banking activities on the environment, communities and corporate governance. The aim of this article is to analyse the state of alignment of the banking sector with ESG sustainability principles. To achieve this, we collected data from several countries, covering different regions and economies. Our research methodology involved selecting a number of major banks from different countries and regions, with a focus on the largest financial institutions worldwide and collecting the data from annual reports, sustainability reports and other public sources regarding the ESG practices of these banks. Our results provide a clear picture of the current state of alignment of the banking sector with ESG principles globally.

Suggested Citation

  • Andreea-Larisa Olteanu (Burcă) & Alina Elena Ionascu & Roxana Marcela Zaharia, 2023. "ESG Reporting Standards in The Banking Sector: A Global Analysis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1032-1039, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:1032-1039
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    More about this item

    Keywords

    banks; corporate governance; social responsibility; government policy;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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