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Responsible Principles in Banks: Short-Term Trend or Inevitability?

In: Financial Markets Evolution

Author

Listed:
  • Inal Kishmariya

    (Moscow State Institute of International Relations (MGIMO University))

Abstract

The article covers the analysis of economic feasibility of the PRI principles implementation into banking operations. We tested hypothesis that analysis of ecological, social and corporate risks of potential borrowers could improve the efficacy of banks’ credit policy and that the effective management of ESG risk of the bank itself could lead to a decreased cost of funding and may be an important competitive advantage in head-hunting for talents. In the course of the study, all three hypotheses were confirmed and therefore we highlighted existing economic feasibility of introducing principles of responsible investing in banking operations. On its turn the confirmed feasibility should lead to wider implementation of PRI principles in banking operations all over the world.

Suggested Citation

  • Inal Kishmariya, 2021. "Responsible Principles in Banks: Short-Term Trend or Inevitability?," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Galina Panova (ed.), Financial Markets Evolution, edition 1, pages 249-260, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-030-71337-9_19
    DOI: 10.1007/978-3-030-71337-9_19
    as

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