Empirical analysis of the integration of environmental risks into the credit risk management process of European banks
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Date
2008-03
Publication Type
Journal Article
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yes
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Abstract
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.
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Publication status
published
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Book title
Journal / series
Volume
17 (3)
Pages / Article No.
149 - 159
Publisher
Wiley
Event
Edition / version
Methods
Software
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Date collected
Date created
Subject
environmental risk; environmental performance; credit risk; integration; credit management phases; sustainability; banks
Organisational unit
03400 - Scholz, Roland W. (ehemalig)