Climate-conscious institutional investors, carbon performance and policy: the case of the banking industry

Investisseurs institutionnels écologiquement responsables, performance et politique carbone: le cas du secteur bancaire

Benoît Jamet () and Julien Bousquet
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Benoît Jamet: IRGO - Institut de Recherche en Gestion des Organisations - UB - Université de Bordeaux - Institut d'Administration des Entreprises (IAE) - Bordeaux, IUT Bordeaux - Institut Universitaire de Technologie - Bordeaux - UB - Université de Bordeaux
Julien Bousquet: IUT Bordeaux - Institut Universitaire de Technologie - Bordeaux - UB - Université de Bordeaux

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Abstract: The role of institutional investors (IIs) involved in environmental issues is little studied in the literature. This article analyzes the impact of these IIs on the performance and carbon policy of a sample of 131 international banks from 39 countries. The Bayesian models tested show that institutional investors' weight in capital and their level of environmental commitment encourage banks to reduce their emissions and deploy a proactive carbon policy. The influence of this class of II is more pronounced for retail banks, the least indebted banks and those from countries with a less restrictive regulatory context.

Keywords: banking sector; carbon emissions; bank governance. JEL classification: G21; G23; G28; Q56; gouvernance des banques institutional investors; émission carbone; secteur bancaire; performance investisseurs institutionnels; Investisseurs institutionnels écologiquement responsables; Investisseurs institutionnels écologiquement responsables performance investisseurs institutionnels secteur bancaire émission carbone gouvernance des banques institutional investors banking sector carbon emissions bank governance. JEL classification: G21 G23 G28 Q56 (search for similar items in EconPapers)
Date: 2024-06-03
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Published in 23ème Conférence Internationale de Gouvernance (CIG), AAIG Association Académique Internationale de Gouvernance, IAE de Lille, Jun 2024, Lille, France

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05557642

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