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Sustainable business model for climate finance. Key drivers for the commercial banking sector

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  • Grijalvo, Mercedes
  • García-Wang, Carmen

Abstract

The identification of a reference framework—the sustainable business model structure—exposes a new tool for banks to reanalyse their business models and adapt to a climate-resilient economy. The identification was done by a combination of analysis of current literature with regard to common and sustainable business models, which indicated three key levers for commercial banks looking to boost climate: target, sustainable value proposition, and sustainable value creation. Through a case study comparing the application of sustainable business model structure to a selection of five global banks, a collection of best practices was gathered to improve a bank’s profitability while reducing its clients and its own contribution to climate change. These banks were chosen through a series of criteria that ensure their eligibility as global commercial banks undergoing a business model transition to adapt to a climate-resilient economy.

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  • Grijalvo, Mercedes & García-Wang, Carmen, 2023. "Sustainable business model for climate finance. Key drivers for the commercial banking sector," Journal of Business Research, Elsevier, vol. 155(PB).
    • Handle: RePEc:eee:jbrese:v:155:y:2023:i:pb:s0148296322009110
    DOI: 10.1016/j.jbusres.2022.113446
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    Cited by:

    1. Hao Dong & Tao Li, 2023. "Climate Economics and Finance: A Literature Review," Climate Economics and Finance, Anser Press, vol. 1(1), pages 29-45, November.
    2. Kabelo Esther Rathobei & Helena Ranängen & Åsa Lindman, 2024. "Stakeholder integration in sustainable business models to enhance value delivery for a broader range of stakeholders," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3687-3706, May.

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