Key Regulatory Initiatives in EU Sustainable Banking : Exploring Sustainability Risk Management in the EU Banking Industry

Alexandra-Cristina Hanganu

ISBN 10: 900454318X / ISBN 13: 9789004543188

Published by Brill Aug 2023, 2023

About this Item

Neuware - With temperature exhibiting a growing trend and posing threats to future generations, the Paris Agreement set a cap level of no more than 2°C for the temperature increase, emphasizing the need for cross-national participation to combat climate change. At the European level, the European Commission pledged to make Europe achieve carbon neutrality by mid-century. However, to deliver on its commitment, extensive financial support and engagement from both private and public-sector players were acknowledged as requisites. Therefore, through their funding mechanism, banks assumed a leading role in financing the transition to a green economy. However, a new challenge of systemic nature - i.e. ESG risks - emerged, gaining regulatory attention and subsequently triggering numerous regulatory reforms. Therefore, this study explores the current European regulatory environment addressing sustainability, aiming to identify whether such regulatory frameworks can be considered a strategic opportunity, or contrastingly, a strategic burden for credit institutions.

Seller Inventory # 9789004543188

Bibliographic Details

• Title: Key Regulatory Initiatives in EU Sustainable Banking : Exploring Sustainability Risk Management in the EU Banking Industry
• Publisher: Brill Aug 2023
• Publication Date: 2023
• Language: English
• ISBN 10: 900454318X
• ISBN 13: 9789004543188
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 234W x 155H x 4D millimeters 234 millimeters width by 155 millimeters height by 4 millimeters depth
• Weight: 109 grams

About this title

Synopsis

With temperature exhibiting a growing trend and posing threats to future generations, the Paris Agreement set a cap level of no more than 2°C for the temperature increase, emphasizing the need for cross-national participation to combat climate change. At the European level, the European Commission pledged to make Europe achieve carbon neutrality by mid-century. However, to deliver on its commitment, extensive financial support and engagement from both private and public-sector players were acknowledged as requisites. Therefore, through their funding mechanism, banks assumed a leading role in financing the transition to a green economy. However, a new challenge of systemic nature – i.e. ESG risks – emerged, gaining regulatory attention and subsequently triggering numerous regulatory reforms. Therefore, this study explores the current European regulatory environment addressing sustainability, aiming to identify whether such regulatory frameworks can be considered a strategic opportunity, or contrastingly, a strategic burden for credit institutions.

About the Author

Alexandra-Cristina Hanganu, MA (2022), Lauder Business School Vienna, recently became an alumnus of the mentioned university, graduating with merits from the study program Strategic Finance & Business Analytics. Her professional interests lie in the areas of environmental, social, governance (ESG), and corporate strategy, currently activating in financial services advisory.