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The banks' impact on the natural environment – on the space between ‘what is’ and ‘what if’

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  • Maths Lundgren
  • Bino Catasús

Abstract

By exploring the greening potentiality (i.e. the ‘what if’ question) for the bank sector, this paper aims to go beyond the current situation of the banks (i.e. the ‘what is’ question). The paper begins with a section on what banks currently do in their ambition to enhance environmental efficiency and awareness in their activities. This empirically based investigation draws a picture of the banks attending to the environmental issue in three dimensions (i.e. financial, physical and immaterial). In the second part of the paper the three dimensions are scrutinized in order to open up a discussion of the potentiality for the ambitious bank. It is suggested that the direct impacts (i.e. the physical flows) of the banks' activities have already been explored, but there are areas in both the financial and immaterial dimensions that could be further investigated. Copyright © 2000 John Wiley & Sons, Ltd and ERP Environment

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  • Maths Lundgren & Bino Catasús, 2000. "The banks' impact on the natural environment – on the space between ‘what is’ and ‘what if’," Business Strategy and the Environment, Wiley Blackwell, vol. 9(3), pages 186-195, May.
    • Handle: RePEc:bla:bstrat:v:9:y:2000:i:3:p:186-195
    DOI: 10.1002/(SICI)1099-0836(200005/06)9:33.0.CO;2-J
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    Cited by:

    1. Simona Galletta & Sebastiano Mazzù & Valeria Naciti & Carlo Vermiglio, 2021. "Sustainable development and financial institutions: Do banks' environmental policies influence customer deposits?," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 643-656, January.
    2. Francisco Javier Forcadell & Elisa Aracil & Fernando Ubeda, 2020. "Using reputation for corporate sustainability to tackle banks digitalization challenges," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2181-2193, September.
    3. Hu Mengze & Li Wei, 2015. "A Comparative Study on Environment Credit Risk Management of Commercial Banks in the Asia‐Pacific Region," Business Strategy and the Environment, Wiley Blackwell, vol. 24(3), pages 159-174, March.

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