MNEs and SDG 17: how do multinational banks take part? A systematic literature review and future directions

Mesiet William Kamihanda, Miguel M. Torres, Hafsa El Bekri and Olugbenga Ayo Ojubanire

Chapter 25 in The Elgar Companion to International Business and the Sustainable Development Goals, 2026, pp 493-518 from Edward Elgar Publishing

Abstract: Multinational Banks (MNBs) have the potential to drive sustainable growth by prioritizing capital allocation, social responsibility, financial inclusion, and fostering a culture of sustainability. Global partnerships (GPs) are essential in advancing these objectives. Despite their importance, the contribution of MNBs to Sustainable Development Goal 17 - Partnerships for the goals (SDG 17) remains underexplored. This study employs a Systematic Literature Review (SLR) using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) methodology (Page et al., 2021) to identify, screen, and evaluate relevant literature from 2015 to 2023. While some studies illustrate the positive impacts of MNBs on sustainability through financial inclusion, infrastructure development, and capacity-building initiatives, other studies highlight challenges such as governance and funding constraints that impede effective SDG implementation. Additionally, this review uncovers a notable gap in the literature regarding the formal involvement of MNBs in SDG 17, that is, Banking Social Responsibility (BSR), with few studies addressing this aspect directly.

Keywords: SDG 17; Partnerships; Banking social responsibility; Capital allocation; MNEs; Financial inclusion; PRISMA (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035348473
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