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The Basics Of Esg Integration In The Banking Sector: Effects On Asset Management And The Growth Of The Green Bond Market

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  • Angelica BUBOI (DANAILA)

    (Bucharest Academy of Economic Studies, 010374, Romania)

  • Cristina Gabriela COSMULESE

    (Stefan cel Mare University of Suceava, 720229, Romania)

Abstract

Financial crises, climate change, the CoViD-19 pandemic and, more recently, the emerging political crisis in Eastern European countries, have created an extremely complex context, characterised by strong instability, which threatens the achievement of most of the goals set by the UN 2030 Agenda. In this context, we aim to synthesize the most significant passages of international positions, which have gradually consolidated from environmental issues in order to explore how the integration of ESG principles influences investment strategies and asset management in financial institutions, as well as the evolution and dynamics of the green bond market. The study highlights the importance of green bonds as key financial instruments for promoting sustainable investment, providing valuable insights for practitioners and academics interested in sustainable finance. The findings explore the leverage points for the progressive expansion of the ESG galaxy, which is a cross-cutting and shared topic with public procurement and the real estate market.

Suggested Citation

  • Angelica BUBOI (DANAILA) & Cristina Gabriela COSMULESE, 2024. "The Basics Of Esg Integration In The Banking Sector: Effects On Asset Management And The Growth Of The Green Bond Market," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 12(1), pages 76-82, February.
    • Handle: RePEc:scm:ejafbu:v:12:y:2024:i:1:p:76-82
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    References listed on IDEAS

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    1. David Gilchrist & Jing Yu & Rui Zhong, 2021. "The Limits of Green Finance: A Survey of Literature in the Context of Green Bonds and Green Loans," Sustainability, MDPI, vol. 13(2), pages 1-12, January.
    2. Bhutta, Umair Saeed & Tariq, Adeel & Farrukh, Muhammad & Raza, Ali & Iqbal, Muhammad Khalid, 2022. "Green bonds for sustainable development: Review of literature on development and impact of green bonds," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
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    Cited by:

    1. Anisoara Niculina APETRI & Camelia Catalina MIHALCIUC & Maria GROSU, 2024. "Implications Of Financial-Banking Entities In Financing Climate Action And Environmental Sustainability," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 12(2), pages 146-152, February.
    2. Irina-Stefana CIBOTARIU, 2024. "Assessing The Impact Of Corporate Governance On The Performance Of Financial Institutions," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 12(2), pages 136-145, February.

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