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Environmental Sustainability Engagement of Banks and Systemic Risk

Project description

Banks’ CSR impact on the environment

Banks, in their role as development partners, have a big role to play in the transition to a sustainable economy. Banks’ corporate social responsibility (CSR) actions are considered a vehicle for achieving sustainable development of business and the economy. Also, in line with United Nations Environment Programme (UNEP) recommendations, the High-level Expert Group (HLEG) on sustainable finance (established by the European Commission) has argued to initiate a ‘climate-related financial disclosure’ on banks’ capital requirements. The EU-funded SUSBANK project will build on these by finding empirical support for the explicit acknowledgment of environmental risk as an emerging source of systemic risk. It will investigate the impact of environmental sustainability engagement of banks on their reputation, earnings quality, CEO compensation, long-term growth and, importantly, on systemic risk.


Net EU contribution
€ 224 933,76
College Road
LL57 2DG Bangor
United Kingdom

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Wales West Wales and The Valleys Gwynedd
Activity type
Higher or Secondary Education Establishments
Other funding
€ 0,00