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From CSR rhetoric to real business practice: ethical banking in Scandinavia

Author

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  • Elisabeth Paulet
  • Francesc Relano

Abstract

The aim of this paper is to assess whether in the banking sector there is an effective coherence between corporate social responsibility statements frequently made in communication policies and banks' actual practice. This will be illustrated by comparing Scandinavian banks' CSR policies and the structure of their balance sheets. The results show that only the business practice of the so-called ethical banks is fully consistent with their CSR discourse. To conclude, some insights are offered regarding the role that these particular institutions might potentially play as a source of inspiration for the reform of the financial system.

Suggested Citation

  • Elisabeth Paulet & Francesc Relano, 2012. "From CSR rhetoric to real business practice: ethical banking in Scandinavia," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 7(4), pages 350-364.
  • Handle: RePEc:ids:ijbget:v:7:y:2012:i:4:p:350-364
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    Citations

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    Cited by:

    1. Jasman Tuyon & Okey Peter Onyia & Aidi Ahmi & Chia-Hsing Huang, 2023. "Sustainable financial services: reflection and future perspectives," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 28(4), pages 664-690, December.
    2. Sabrina Colombo & Marco Guerci & Toloue Miandar, 2019. "What Do Unions and Employers Negotiate Under the Umbrella of Corporate Social Responsibility? Comparative Evidence from the Italian Metal and Chemical Industries," Journal of Business Ethics, Springer, vol. 155(2), pages 445-462, March.
    3. Carlo Drago & Loris Di Nallo & Maria Lucetta Russotto, 2023. "Social Sustainability in European Banks: A Machine Learning Approach using Interval- Based Composite Indicators," Working Papers 2023.13, Fondazione Eni Enrico Mattei.
    4. Md. Nur-E-Alam Siddique & Shifa Mohd Nor & Zizah Che Senik & Nor Asiah Omar, 2023. "Corporate Social Responsibility as the Pathway to Sustainable Banking: A Systematic Literature Review," Sustainability, MDPI, vol. 15(3), pages 1-19, January.
    5. Helen LaVan & Lori S. Cook & Ivana Zilic, 2021. "An analysis of the ethical frameworks and financial outcomes of corporate social responsibility and business press reporting of US pharmaceutical companies," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 15(3), pages 326-355.

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