Business Strategy and the Environment,
Год журнала:
2022,
Номер
32(6), С. 3027 - 3052
Опубликована: Дек. 23, 2022
Abstract
Contemporary
forms
of
“marketized”
sustainable
finance
rely
on
the
production,
dissemination,
and
consumption
financialized
ESG
risk
information.
In
this
paper,
we
scrutinize
“risk
transparency
premise”
in
context
TCFD's
climate
reporting
framework.
Adopting
lens
institutional
theory
a
mixed
methods
approach,
pursue
two
interrelated
aims.
First,
examine
to
which
extent
disclosures
TCFD
“supporters”
from
European
financial
sector
adhere
information
requirements
spelled
out
Second,
seek
uncover
organization
level
impediments
that
underlie
substantive
implementation
framework
and,
turn,
production
dissemination
required
Based
our
findings,
argue
TCFD/climate
is
prone
become
‘ceremonial’
practice
that,
at
least
as
now,
‘institutional
myth’
might
rather
serve
safeguard
ideals
market
opposed
facilitate
transformative
change
towards
more
environmentally
economy.
Our
findings
complement
research
has
problematized
contemporary
marketized
well
literature
specifically.
Sustainability,
Год журнала:
2022,
Номер
14(15), С. 9786 - 9786
Опубликована: Авг. 8, 2022
This
study
examines
the
relationship
between
sustainable
financing
and
financial
risk
management
of
Chinese
institutions,
using
data
from
banks.
Financial
is
a
comprehensive
measure
operating
performance,
asset
quality
capital
adequacy
ratio.
The
structural
vector
auto-regression
model
determines
two
variables.
positive
shock
business
negatively
impacts
In
contrast,
banks’
positively
affects
financing.
Further
subdivision
sample
revealed
that
does
not
always
impact
large
state-owned
However,
reduces
urban
green
credit
proportions.
results
are
consistent
whenever
compared
empirical
outcome
entire
consisting
national
joint
stock
bank
accounts.
comparison
helps
eliminate
possibility
biased
as
major
portion
joint-stock
account.
Apart
limitations,
sub-sample
test
influenced
due
to
difference
in
deposit
loan
interest
rates,
well
different
ownership
structures
Business Ethics the Environment & Responsibility,
Год журнала:
2023,
Номер
33(4), С. 617 - 632
Опубликована: Ноя. 20, 2023
Abstract
The
main
objective
of
this
study
is
to
understand
the
value
environmental,
social,
and
governance
(ESG)
disclosure
assurance
in
context
development
sustainable
finance
standards
laws.
This
based
on
an
analysis
188
comment
letters
submitted
by
such
actors
public
consultations
three
new
initiatives
(the
CFA
Institute,
Financial
Conduct
Authority
UK,
New
Zealand
parliament).
shows
these
actors'
nuanced
often
quite
critical
perceptions
effectiveness
external
preventing
greenwashing
their
reservations
about
its
mandatory
nature.
These
have
raised
various
criticisms,
including
concerns
vagueness
surrounding
verification
practices;
lack
expertise
available
conduct
a
new,
specialized,
complex
field;
costs
process,
particularly
for
small
players;
control
over
reliability
ESG
data
used.
article
contributes
several
emerging
trends
literature—in
particular,
research
practices
prevent
greenwashing,
institutionalization
laws,
role
rational
myths
process
disclosures.
Business Strategy and the Environment,
Год журнала:
2022,
Номер
32(6), С. 3027 - 3052
Опубликована: Дек. 23, 2022
Abstract
Contemporary
forms
of
“marketized”
sustainable
finance
rely
on
the
production,
dissemination,
and
consumption
financialized
ESG
risk
information.
In
this
paper,
we
scrutinize
“risk
transparency
premise”
in
context
TCFD's
climate
reporting
framework.
Adopting
lens
institutional
theory
a
mixed
methods
approach,
pursue
two
interrelated
aims.
First,
examine
to
which
extent
disclosures
TCFD
“supporters”
from
European
financial
sector
adhere
information
requirements
spelled
out
Second,
seek
uncover
organization
level
impediments
that
underlie
substantive
implementation
framework
and,
turn,
production
dissemination
required
Based
our
findings,
argue
TCFD/climate
is
prone
become
‘ceremonial’
practice
that,
at
least
as
now,
‘institutional
myth’
might
rather
serve
safeguard
ideals
market
opposed
facilitate
transformative
change
towards
more
environmentally
economy.
Our
findings
complement
research
has
problematized
contemporary
marketized
well
literature
specifically.
