European Cooperative Banks and Sustainability

Elisa Bevilacqua ()
Additional contact information
Elisa Bevilacqua: European Association of Co-operative Banks

Chapter Chapter 8 in Contemporary Trends in European Cooperative Banking, 2022, pp 165-192 from Springer

Abstract: Abstract An unprecedented transformation of the European economy is needed to achieve the goals of the Paris Agreement, the EU Green Deal and the SDGs. This transformation requires channelling massive public and private financing. Cooperative banks have integrated environmental, social and governance (ESG) considerations in their model since their origins. They are therefore well positioned to support the sustainability transformation, including as concerns mainstreaming sustainable finance. The way forward for cooperative banks in sustainability will be intrinsically linked to the evolution path of their main clients, that is SMEs, households and local communities. Bottlenecks in the transformation paths of these actors (e.g. linked to regulation, insufficient incentives or lack of awareness) will hence reflect on the effectiveness of cooperative banks in supporting the sustainable transition.

Keywords: cooperative banks; sustainability; low-carbon transition; sustainable finance; EU Green Deal; ESG (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-98194-5_8

Ordering information: This item can be ordered from
http://www.springer.com/9783030981945

DOI: 10.1007/978-3-030-98194-5_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().