The Access to Credit in the Context of the ESG Framework at Global Level

Massimo Arnone, Lucio Laureti (), Alberto Costantiello (), Fabio Anobile () and Angelo Leogrande
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Massimo Arnone: Unict - Università degli studi di Catania = University of Catania
Lucio Laureti: LUM - Università LUM Giuseppe Degennaro = University Giuseppe Degennaro

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Abstract: This paper explores the critical role of the banking sector in facilitating the ecological transition through the integration of ESG (Environmental, Social, and Governance) factors. By analyzing the intersection of ESG considerations and access to credit globally, the study highlights how banks can catalyze sustainable investments while balancing financial risks. Using a systematic literature review and k-Means clustering analysis, we assess the global landscape of credit access, emphasizing the implications of ESG adoption on financial stability and economic growth. The findings suggest that while ESG integration presents challenges, it offers significant opportunities for banks to enhance their competitiveness and foster resilient financial systems. The paper concludes by proposing policy recommendations aimed at improving the incorporation of ESG factors within credit risk management and promoting sustainable finance.

Keywords: ESG Access to Credit Sustainable Finance Banking Sector k-Means Clustering JEL Codes: G2 G20 G21 G22 G23 G24 G28; ESG; Access to Credit; Sustainable Finance; Banking Sector; k-Means Clustering JEL Codes: G2; G20; G21; G22; G23; G24; G28 (search for similar items in EconPapers)
Date: 2024-08-01
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Working Paper: The Access to Credit in the Context of the ESG Framework at Global Level (2024)
Working Paper: The Access to Credit in the Context of the ESG Framework at Global Level (2024)
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