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Corporate Social Responsibility in the Banking Industry: An Overview

In: Managing Sustainability

Author

Listed:
  • Antonella Angelini

    (University of Pisa)

  • Federica Nieri

    (University of Pisa)

Abstract

Currently, the business field is based on common ground, engaging in pro-social and environmental behaviour is therefore essential. The pressures to do so have enforced a trade-off between the adoption of corporate social responsibility (CSR) policies and the corporate financial performance. In this regard, several case studies show that it is possible “to do well while doing good”, for example, in terms of reputation, image, trust and resources. This is particularly important in the banking industry, given that the reputation and growth of banks’ non-performing loans have suffered in many developed countries. Currently, banks are therefore strongly committed to CSR in order to regain their corporate reputation and image, as well as a positive financial performance over time. But what exactly do CSR practices mean? We address this question in the context of the banking industry since its answer is of crucial importance for the industry’s economic development and plays a key role in its sustainable development.

Suggested Citation

  • Antonella Angelini & Federica Nieri, 2022. "Corporate Social Responsibility in the Banking Industry: An Overview," International Series in Advanced Management Studies, in: Beatrice Luceri & Elisa Martinelli (ed.), Managing Sustainability, pages 57-75, Springer.
    • Handle: RePEc:spr:isichp:978-3-031-12027-5_4
    DOI: 10.1007/978-3-031-12027-5_4
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    Cited by:

    1. Abhishek Sharma & Chandana Hewege & Chamila Perera, 2022. "Violations of CSR Practices in the Australian Financial Industry: How Is the Decision-Making Power of Australian Women Implicated?," Sustainability, MDPI, vol. 15(1), pages 1-21, December.

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