Corporate Social Responsibility of the Financial Sector – Strengths, Weaknesses and the Impact on Sustainable Development

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ESG practices and the cost of debt: Evidence from EU countries (2019, background): “Furthermore, the increasing awareness of ESG practices by society also provides lending institutions with an opportunity to make their ESG stance central to their activities or brands (Thompson and Cowton, 2004; Weber et al., 2014).”
The financial sector's impact on sustainable development (2014, background): “Some authors found evidence that the financial sector performs lower than others with respect to some specific aspects of sustainability such as business ethics and product responsibility (Belu 2009; Cerin and Dobers 2001; Weber, Diaz, and Schwegler 2012).”
The Impact of Green Lending on Credit Risk in China (2018, background): “Indeed, the Asian financial sector often performs better its North American counterparts in addressing environmental concerns [32].”
Corporate sustainability and financial performance of Chinese banks (2017, methodology): “Other studies used similar combinations of indicators to assess the effect of corporate sustainability performance on financial performance (Scholtens, 2008a; Waddock & Graves, 1997; Weber et al., 2014).”
Advancing the Sustainable Development Goals: Evidence from leading European banks (2019, background): “In contrast, relative strengths regarding sustainability endorsement can be identified in the community relations domain (Venturelli and Cosma, 2018, Miralles-Quiros et al., 2017; Weber et al., 2014).”