ESG Reporting Standards in The Banking Sector: A Global Analysis

Andreea-Larisa Olteanu (Burcă) (), Alina Elena Ionascu () and Roxana Marcela Zaharia ()
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Andreea-Larisa Olteanu (Burcă): “Ovidius” University of Constanta, Faculty of Economic Sciences, Romania
Alina Elena Ionascu: “Ovidius” University of Constanta, Faculty of Economic Sciences, Romania
Roxana Marcela Zaharia: “Ovidius” University of Constanta, Faculty of Economic Sciences, Romania

Ovidius University Annals, Economic Sciences Series, 2023, vol. XXIII, issue 1, 1032-1039

Abstract: Integrating environmental, social and governance (ESG) factors into the banking sector is an increasingly important concern worldwide. This process involves adopting policies and practices that take into account the impact of banking activities on the environment, communities and corporate governance. The aim of this article is to analyse the state of alignment of the banking sector with ESG sustainability principles. To achieve this, we collected data from several countries, covering different regions and economies. Our research methodology involved selecting a number of major banks from different countries and regions, with a focus on the largest financial institutions worldwide and collecting the data from annual reports, sustainability reports and other public sources regarding the ESG practices of these banks. Our results provide a clear picture of the current state of alignment of the banking sector with ESG principles globally.

Keywords: banks; corporate governance; social responsibility; government policy (search for similar items in EconPapers)
JEL-codes: G21 G34 M14 Q48 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:1032-1039

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