Responsible Principles in Banks: Short-Term Trend or Inevitability?

Inal Kishmariya ()
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Inal Kishmariya: Moscow State Institute of International Relations (MGIMO University)

A chapter in Financial Markets Evolution, 2021, pp 249-260 from Palgrave Macmillan

Abstract: Abstract The article covers the analysis of economic feasibility of the PRI principles implementation into banking operations. We tested hypothesis that analysis of ecological, social and corporate risks of potential borrowers could improve the efficacy of banks’ credit policy and that the effective management of ESG risk of the bank itself could lead to a decreased cost of funding and may be an important competitive advantage in head-hunting for talents. In the course of the study, all three hypotheses were confirmed and therefore we highlighted existing economic feasibility of introducing principles of responsible investing in banking operations. On its turn the confirmed feasibility should lead to wider implementation of PRI principles in banking operations all over the world.

Keywords: Sustainable development; Principles for responsible investments; ESG; Banking system; G21 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-030-71337-9_19

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DOI: 10.1007/978-3-030-71337-9_19

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