Climate on the Agenda: How Board Composition Drives Climate Change Disclosure in European Banks DOI
Nicola Raimo,

Ilenia Fraccalvieri,

Filippo Vitolla

et al.

Business Strategy and the Environment, Journal Year: 2025, Volume and Issue: unknown

Published: May 23, 2025

ABSTRACT Climate change demands immediate and coordinated action from individuals, governments, companies. Companies, in particular, play a pivotal role mitigating climate risks reducing environmental impacts by adopting sustainable practices that extend beyond regulatory compliance. This responsibility is not confined to high‐emission industries; service sectors, including financial institutions, also crucial role. Banks are uniquely positioned address managing the carbon footprint of their operations evaluating loan portfolios activities. The urgency has underscored importance transparent communication banks regarding climate‐related information. While disclosure (CCD) garnered significant academic interest, research on its determinants banking sector remains limited. study aims fill this gap examining level CCD among European identifying factors influencing dissemination such information through official websites. In drawing agency theory, it investigates board characteristics shaping practices. findings, based an econometric analysis conducted sample 107 publicly listed banks, reveal expertise, gender diversity, size positively influence CCD, whereas independence no effect. These results underscore critical governance structures fostering transparency accountability matters.

Language: Английский

Climate on the Agenda: How Board Composition Drives Climate Change Disclosure in European Banks DOI
Nicola Raimo,

Ilenia Fraccalvieri,

Filippo Vitolla

et al.

Business Strategy and the Environment, Journal Year: 2025, Volume and Issue: unknown

Published: May 23, 2025

ABSTRACT Climate change demands immediate and coordinated action from individuals, governments, companies. Companies, in particular, play a pivotal role mitigating climate risks reducing environmental impacts by adopting sustainable practices that extend beyond regulatory compliance. This responsibility is not confined to high‐emission industries; service sectors, including financial institutions, also crucial role. Banks are uniquely positioned address managing the carbon footprint of their operations evaluating loan portfolios activities. The urgency has underscored importance transparent communication banks regarding climate‐related information. While disclosure (CCD) garnered significant academic interest, research on its determinants banking sector remains limited. study aims fill this gap examining level CCD among European identifying factors influencing dissemination such information through official websites. In drawing agency theory, it investigates board characteristics shaping practices. findings, based an econometric analysis conducted sample 107 publicly listed banks, reveal expertise, gender diversity, size positively influence CCD, whereas independence no effect. These results underscore critical governance structures fostering transparency accountability matters.

Language: Английский

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