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| Name | Empirical analysis of the integration of environmental risks into the credit risk management process of European banks |
| Author(s) | Weber, O., M. Fenchel |
| Editor | |
| Year | 2008 |
| Publication Type | Journal Article |
| Web Location | http://onlinelibrary.wiley.com/doi/10.1002/bse.507/abstract |
| Keywords | environmental risk, environmental performance, credit risk, integration, credit management phases, sustainability, banks |
| Areas of Interest | Environment & Business; SRI/Responsible Investment; Sustainability |
| Citation | Weber, O., M. Fenchel, et al. (2008). "Empirical analysis of the integration of environmental risks into the credit risk management process of European banks." Business Strategy and the Environment 17: 149-159. |
| Summary | About 15 years ago, banks started to integrate environmental risks into their credit risk management procedures. |
| Abstract / Description | About 15 years ago, banks started to integrate environmental risks into their credit risk management procedures. In this article, a survey of the European banking sector focusing on the analysis of the integration of environmental risks into all phases of the credit risk management, rating, costing, pricing, monitoring and work-out, is presented. The integration of environmental risks into the whole credit risk management process is important because only then is an adequate risk management guaranteed. The results show that banks integrate environmental risks especially into the rating phase, but not in all phases of the credit management process, though this is recommendable because these risks influence all phases of the credit management process. Furthermore, significant differences in integrating environmental risks between banks that are signatories of the UNEP statement by banks on the environment and sustainable development and banks that had not signed this agreement so far could be found. Copyright; 2006 John Wiley & Sons, Ltd and ERP Environment. |
| Publisher/Organization | Business Strategy and the Environment |
| Cluster Library | Socially Responsible Investment |
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