Concerns of the detrimental impacts caused by climate change have led to a rapid expansion in research on sustainability-related factors that has paralleled the proliferation of regulations by various states and authorities. In light of this, the present study primarily focuses on banks’s “environmental” credit products, which recent market research has exhibited significant and growing volumes. The aim is to understand which aspects of these two forms of environmental financing - Green Loans and Sustainability-Linked Loans the existing research have been analyzed. Using content analysis, we conducted a thorough literature review of academic studies. The most intriguing finding from our work is that the provision and adoption of environmental credit products has preceded the implementation of precise legislation to mitigate risks such as greenwashing. Moreover, our findings prove that most research focuses on strategy and performance while only one study covers the aspects related to organization. This research could prove to be a valuable resource for regulators, academics, and banks by providing a comprehensive and precise overview of the work done so far, highlighting the objectives, methodologies, and results achieved.

Environmental credit products: Where do we stand? A response from an academic content analysis / Mure, Pina; Giorgio, Saverio; Antonelli, Valeria; Bittucci, Lucilla. - In: THE QUARTERLY REVIEW OF ECONOMICS AND FINANCE: JOURNAL OF THE MIDWEST ECONOMICS ASSOCIATION. - ISSN 1062-9769. - (2024).

Environmental credit products: Where do we stand? A response from an academic content analysis

Pina Mure;Saverio Giorgio
;
Valeria Antonelli;Lucilla Bittucci
2024

Abstract

Concerns of the detrimental impacts caused by climate change have led to a rapid expansion in research on sustainability-related factors that has paralleled the proliferation of regulations by various states and authorities. In light of this, the present study primarily focuses on banks’s “environmental” credit products, which recent market research has exhibited significant and growing volumes. The aim is to understand which aspects of these two forms of environmental financing - Green Loans and Sustainability-Linked Loans the existing research have been analyzed. Using content analysis, we conducted a thorough literature review of academic studies. The most intriguing finding from our work is that the provision and adoption of environmental credit products has preceded the implementation of precise legislation to mitigate risks such as greenwashing. Moreover, our findings prove that most research focuses on strategy and performance while only one study covers the aspects related to organization. This research could prove to be a valuable resource for regulators, academics, and banks by providing a comprehensive and precise overview of the work done so far, highlighting the objectives, methodologies, and results achieved.
2024
bank; green loan; sustainability linked loan; materiality; double materiality; companies
01 Pubblicazione su rivista::01a Articolo in rivista
Environmental credit products: Where do we stand? A response from an academic content analysis / Mure, Pina; Giorgio, Saverio; Antonelli, Valeria; Bittucci, Lucilla. - In: THE QUARTERLY REVIEW OF ECONOMICS AND FINANCE: JOURNAL OF THE MIDWEST ECONOMICS ASSOCIATION. - ISSN 1062-9769. - (2024).
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/1730292
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