An Analysis of Corporate Social Responsibility (CSR) and Sustainability Reporting Assessment in the Greek Banking Sector

Konstantinos I. Evangelinos, Antonis Skouloudis, Ioannis E. Nikolaou and Walter Leal Filho
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Konstantinos I. Evangelinos: University of the Aegean
Ioannis E. Nikolaou: Democritus University of Thrace
Walter Leal Filho: Hamburg University of Applied Sciences

Chapter Chapter 8 in Professionals' Perspectives of Corporate Social Responsibility, 2009, pp 157-173 from Springer

Abstract: Abstract This paper aims to examine implementation of CSR in the banking sector by means of an analysis of the incorporation of environmental and social concerns into financial institutions’ decision-making, in order to evaluate the content of annual environmental (social or sustainability) reports published by Greek banks. It also analyses the various reporting strategies Greek banks adopt, as well as the emerging trends they tend to follow. A sustainability report assessment was implemented according to scoring systems based on the Global Reporting Initiative guidelines and the Deloitte Touché Tohmatsu sustainability reporting scorecard. The study has identified the fact that Greek banks finished in exactly the same position in the overall ranking with both scoring systems. However, the GRI requirements are very demanding for Greek banks while they seem to cover a greater number of the Deloitte Touché Tohmatsu requirements. The paper concludes by reporting on future CSR trends of the Greek banking sector, especially in the field of environmental and social strategies, as well as outlines some steps banks need to take in order to promote sustainability and thereby fulfil their stakeholders’ demands.

Keywords: Corporate Social Responsibility; Banking Sector; Global Reporting Initiative; Sustainability Report; Environmental Strategy (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-02630-0_9

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DOI: 10.1007/978-3-642-02630-0_9

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