We examine whether environmental, social and governance (ESG) scores of European banks impact on their risk‐taking behavior and on bank value. We find that high ESG scores are associated with a modest reduction in risk‐taking for banks that are high or low risk‐takers, and that the impact...
societies are more carefully scrutinizing banks’ engagement inCorporate Social Responsibility (hereafter, CSR) practices and their Environmental, Social and Governance (ESG) scores, the latter of which are used to measure the level of CSR performance (Liang and Renneboog, 2017; Cicchiello et al., ...
Tahsin Imtiazul Huqhttps://orcid.org/0000-0001-6274-3545M. Kabir Hassanhttps://orcid.org/0000-0002-6902-8525Hasanul Bannahttps://orcid.org/0000-0003-3656-365Xasendi@uno.eduAsaad Sendihttps://orcid.org/0000-0002-2326-5699Tahsin Imtiazul Huqhttps://orcid.org/0000-0001-6274-3545M. ...
The purpose of the study was to examine the impact of cultural differences and credit ratings on the ESG (Environmental, Social, and Governance) scores assigned to commercial banks. The analysis was performed using ordered logistic regression. The Akaike information criterion (AIC)...
(2021) have found that the results of the banks in developed and developing countries are similar and that ESG scores weaken performance indicators. With this in mind, our investigation seeks to develop a procedure that allows a comprehensive assessment of banking performance in a holistic way, ...
GSIBs are also more likely to comply with investment ideologies, like ESG. As discussed inthis article, the Bank of America is one of the big institutions behind the ESG movement. Some of its affiliates are introducing individual ESG scores for their customers. ...
That year, BoS was the first private bank in Asia to add ESG factors into assessments of loan amounts and focus on MSCI-rated funds with an ESG AA scores and above. In 2022, BoS co-chaired an Association of Banks in Singapore task force to produce the city-state’s first sustainable ...
The “List of Banks by Comprehensive ESG Performance 2023” ranked banks by their scores obtained based on the information disclosure reports released by banks, data disclosed by the government and data released through other public channels. The assessment indicators include three levels of indicators...
and investment portfolios, Bernardelli et al. (2022) find that the impact of bank loans on banks’ ESG scores is a potential instrument for limiting banks’ exposure to the fossil fuel sector. Houston and Shan (2022) find that banks tend to provide funding to firms with similar ESG ...
A significant negative relationship has been found between the overall ESG scores and the idiosyncratic risk of banks for medium- to high-risk levels. The effect becomes stronger as the riskiness of the banks increases. Similar to the overall ESG score, the governance and environmental dimensions ...