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The Case for Environmental and Social Risk Management in Investment Banking

In: Responsible Investment Banking

Author

Listed:
  • Olivier Jaeggi

    (ECOFACT AG)

  • Nina Kruschwitz

    (MIT Sloan Management Review)

  • Raul Manjarin

    (ECOFACT AG)

Abstract

The debate about sustainable finance focuses mostly on responsible investment. Considerably less attention tends to be paid to the direct relationships between banks and their corporate clients. Some of these clients are associated with controversial business practices, sectors, projects, and/or countries that, in turn, are associated with detrimental environmental and social impacts. In the context of this article, environmental and social (E&S) risks are those risks that occur when investment banks engage with such clients. This article discusses five factors that put pressure on banks to address E&S risks more systematically. It makes the case that E&S issues harbour considerable potential for damage in the here and now and that investment banks take a risk if they underestimate them.

Suggested Citation

  • Olivier Jaeggi & Nina Kruschwitz & Raul Manjarin, 2015. "The Case for Environmental and Social Risk Management in Investment Banking," CSR, Sustainability, Ethics & Governance, in: Karen Wendt (ed.), Responsible Investment Banking, edition 127, pages 535-543, Springer.
    • Handle: RePEc:spr:csrchp:978-3-319-10311-2_36
    DOI: 10.1007/978-3-319-10311-2_36
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    Cited by:

    1. Hummel, Katrin & Laun, Ute & Krauss, Annette, 2021. "Management of environmental and social risks and topics in the banking sector - An empirical investigation," The British Accounting Review, Elsevier, vol. 53(1).

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