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Greening financial market

Author

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  • Leszek Dziawgo

    (Nicolaus Copernicus University)

Abstract

The idea of Corporate Social Responsibility is one of the most inspiring ideas in modern business, also even in financial business. CSR, already widely implemented in economy, contains significant ecological components. Nowadays, around the world many leading banks, investment funds, pension funds, insurance companies and public companies, use environmental aspects in their business. The growing and diversified ecological engagement of different financial institutions could be even called ecological evolution of financial business. The same process has started also in Poland. The financial institutions support natural environment in many ways: saving resources, financing proecological organizations, maintaining adequate PR and IR communication and even offering special financial products such as: deposits, payment cards, shares, bonds, investment funds and specialized stock index Respect. Especially, the new investment possibilities are clear evidence of positive changes of the Polish financial market. The aim of the elaboration is to indicate the phenomenon of environmental rules implementation in Polish financial business. The considerations in the article are focused on financial offer related to natural environment protection. The issue is presented in two aspects: theoretical and empirical. In the article, critical analysis of literature and reports, analysis of financial market data, induction method and comparison method have been used. Especially, selected financial products offered on Polish financial market were analysed in the period of 2008–2014 in respect to ecological criteria. The problem of financial market “ecologization” is a very important subject of scientific research. The process is not only very inspiring, but also controversial.

Suggested Citation

  • Leszek Dziawgo, 2014. "Greening financial market," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 3(2), pages 9-24.
    • Handle: RePEc:cpn:umkcjf:v:3:y:2014:i:2:p:9-24
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    File URL: https://apcz.umk.pl/CJFA/article/view/CJFA.2014.014/4550
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    Citations

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    Cited by:

    1. Bożena Ryszawska, 2016. "Sustainability transition needs sustainable finance," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 5(1), pages 185-194.
    2. Leszek Dziawgo, 2021. "Energy Sectors on Capital Market – Financing the Process “Towards Sustainability”," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 938-955.
    3. Danuta Dziawgo, 2021. "Acceptance of Sustainability Concept by Polish Individual Investors," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 335-348.
    4. Emil Papazov & Lyudmila Mihaylova, 2016. "Accountancy-Based Sources of Information for Planning Purposes in SMEs," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 5(1), pages 173-183.
    5. Ryszawska Bożena & Zabawa Justyna, 2018. "The Environmental Responsibility of the World’s Largest Banks," Acta Universitatis Sapientiae, Economics and Business, Sciendo, vol. 32(1), pages 51-64, December.
    6. Justyna Zabawa, 2018. "The Significance Of The Gri (Global Reporting Initiative) Standard In Reporting Of Environmental Information. The Analysis Of Polish Banking Sector In The Face Of Regulatory Changes," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 7(2), pages 111-125.
    7. Tomasz Murawski, 2016. "Corporate Social Responsibility In Japanese Banking Sector," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 5(2), pages 149-161.
    8. Bogna Janik & Krzysztof Kolodziejczyk, 2016. "Eco-Innovations In The Business Practice Of The Companies Traded On The Warsaw Stock Exchange – An Overview Of Selected Results," Oeconomia Copernicana, Institute of Economic Research, vol. 7(1), pages 63-73, March.
    9. Damian Walczak & Leszek Dziawgo & Danuta Dziawgo & Michał Buszko & Jarosław Pawłowski & Agnieszka Żołądkiewicz-Kuzioła & Dorota Krupa, 2021. "Attitudes and Behaviors Regarding Environmental Protection in the Financial Decisions of Individual Consumers," Energies, MDPI, vol. 14(7), pages 1-13, March.
    10. Mohammad Abul Kalam Azad & Md. Aminul Islam & Farid Ahammad Sobhani & Md. Sharif Hassan & Mohammad Masukujjaman, 2022. "Revisiting the Current Status of Green Finance and Sustainable Finance Disbursement: A Policy Insights," Sustainability, MDPI, vol. 14(14), pages 1-14, July.

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