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Integration of Environmental, Social, and Governance (ESG) Factors in Bank Asset Quality Assessment: A Review

In: Proceedings of the 2nd International Conference on Emerging Technologies and Sustainable Business Practices-2024 (ICETSBP 2024)

Author

Listed:
  • Shradha Jain

    (Guru Gobind Singh Indraprastha University)

  • Ashish Kumar

    (Guru Gobind Singh Indraprastha University)

  • Ankit Dambhare

    (Institute of Hotel Management, Catering Technology and Applied Nutrition)

  • R. K. Mittal

    (Guru Gobind Singh Indraprastha University)

Abstract

When financial organizations realize how important sustainable financing is, they progressively include Environmental, Social, and Governance (ESG) factors in their asset quality assessments. The methods, impacts, and outcomes of including ESG considerations in evaluating bank assets are examined in this paper. The paper highlights the significance of using ESG variables to enhance risk mitigation, promote ethical investment practices, and adhere to regulatory and social obligations. The article does highlight several shortcomings, though, such as the lack of standard ESG metrics, the potential for greenwashing, and challenges in quantifying social and governance issues. Despite these challenges, the growing emphasis on ESG concerns signals a paradigm shift towards more robust and sustainable banking systems.

Suggested Citation

  • Shradha Jain & Ashish Kumar & Ankit Dambhare & R. K. Mittal, 2024. "Integration of Environmental, Social, and Governance (ESG) Factors in Bank Asset Quality Assessment: A Review," Advances in Economics, Business and Management Research, in: Nitin Pathak & Munish Gupta & Vikas Sharma & Amita Chaudhary (ed.), Proceedings of the 2nd International Conference on Emerging Technologies and Sustainable Business Practices-2024 (ICETSBP 2024), pages 624-634, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-544-7_41
    DOI: 10.2991/978-94-6463-544-7_41
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