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The Influence of Environmental, Social, and Governance Issues in the Banking Industry

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  • Juan David Gonzalez-Ruiz

    (Grupo de Investigación en Finanzas y Sostenibilidad, Departamento de Economía, Facultad de Ciencias Humanas y Económicas, Universidad Nacional de Colombia—Sede Medellín, Medellin 050034, Colombia)

  • Camila Ospina Patiño

    (Grupo de Investigación en Finanzas y Sostenibilidad, Departamento de Economía, Facultad de Ciencias Humanas y Económicas, Universidad Nacional de Colombia—Sede Medellín, Medellin 050034, Colombia)

  • Nini Johana Marín-Rodríguez

    (Grupo de Investigación en Ingeniería Financiera GINIF, Programa de Ingeniería Financiera, Facultad de Ingenierías, Universidad de Medellín, Medellin 050026, Colombia)

Abstract

This study examines the current trajectory and future research directions of environmental, social, and governance (ESG) integration within the banking industry. Utilizing bibliometric and scientometric approaches, it highlights trend topics, influential studies, and notable contributors. Drawing from an analysis of 681 studies from Scopus and Web of Science databases, a comprehensive dataset was curated using scientometric networks with VOSviewer and Bibliometrix tools. This study emphasizes the evolving nature of ESG integration within banking, emphasizing an interdisciplinary shift encompassing environmental, social, and governance considerations. Keyword analysis reveals emerging trends, including the influence of ESG factors on banks’ financial performance, regional variations in ESG integration within banking, and risk assessment related to ESG factors and credit risk in banks. By offering insights into the evolving topic of ESG integration within banking and identifying promising avenues for further exploration, such as the fundamental connection between ESG and sustainability, particularly in climate change and green finance, this research contributes to ongoing discussions surrounding ESG integration in the banking industry, guiding future research efforts in this vital financial sector.

Suggested Citation

  • Juan David Gonzalez-Ruiz & Camila Ospina Patiño & Nini Johana Marín-Rodríguez, 2024. "The Influence of Environmental, Social, and Governance Issues in the Banking Industry," Administrative Sciences, MDPI, vol. 14(7), pages 1-21, July.
    • Handle: RePEc:gam:jadmsc:v:14:y:2024:i:7:p:156-:d:1438486
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    References listed on IDEAS

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    2. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
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