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Key Regulatory Initiatives in EU Sustainable Banking
Exploring Sustainability Risk Management in the EU Banking Industry
Series: - Brill Research Perspectives in International Law, Volume: 5:1-2
- Brill Research Perspectives in International Banking and Securities Law, Volume: 5:1-2
Author:
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 â i.e. ESG risks â 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.
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.
Key Regulatory Initiatives in the EU Sustainable Banking
Exploring Sustainability Risk Management in the EU Banking Industry
âAlexandra-Cristina Hanganu
Abstract
Keywords
â1âIntroduction
â2âMethodology & Conceptual Framework
â3âSustainability â A Cross-Industry Salient Topic
â4âRegulatory Reforms Addressing Sustainability
â5âEnvironmental, Social & Governance (ESG) Risks
â6âAn Adjusting Banking Industry
â7âSustainability Implementation â A Strategic Opportunity or Burden?
â8âDiscussions
â9âConclusion
âFigures
âTables
âAbbreviations
âNotes on Contributor
References
Of relevance to banksâ executive personnel and strategy employees at managerial levels, to regulatory bodies and academia, and to all interested in grasping the current European sustainability-related regulatory regime.