BANKS’ POLICIES RELATED TO FINANCING ENTITIES’ INVESTMENTS IN GREEN ECONOMY

Authors

  • Miljana Barjaktarovic
  • Jozefina Beke Trivunac
  • Larisa Jovanovic

Keywords:

principles of responsible investments, banking commitments, green finance.

Abstract

An entity’s obligation to invest in environmental protection and preservation is often imposed by external regulation. However, the most impactful funding for investment in environmental protection and preservation is acquired through the financial markets, primarily through banks and green ecological funds. This is why banks’ impact on the environment should be measured by their approach to the assessment of the environmental risks associated with their financial products and services and fund-granting policies. This paper reviews the types and purposes of financing activities related to environmental protection undertaken by entrepreneurial and other entities, as well as the conditions under which these financial assets are granted. The especial attention is devoted to three topics: banks’ adherence to sustainability, the purpose of green loans, and sources of green financing.

References

1. Banca Intesa Beograd. (n.d.). Godišnji izveštaj 2016 (Annual Report 2016). Retrieved April 7, 2017 from:
https://www.bancaintesa.rs/upload/BI_Godisnji_izvestaj_2017.pdf.
2. Equator principles. (n.d.). The Equator Principles. Retrieved April 8, 2017 from: https://equator-principles.com/.
3. Intesa Sanpaolo (2009). Code of Ethics. Retrieved from: https://group.intesasanpaolo.com/portalIsir0/isInvestor/en_sostenibilita/CodiceEtico_en.pdf.
4. Intesa Sanpaolo. (2014). Rules for the environmental policy. Retreived April 6, 2017 from: https://www.group.intesasanpaolo.com/scriptIsir0/si09/contentData/view/en_Politica_Ambientale.pdf?id=CNT-04-0000000058942&ct=application/pdf.
5. Intesa Sanpaolo. (2017). Intesa Sanpaolo Green Bond Framework as of 12 June 2017. Retreived April 6 from: https://www.group.intesasanpaolo.com/scriptIsir0/si09/contentData/view/Intesa%20Sanpaolo%20Green%20Bond%20Framework.pdf?id=CNT-05-00000005197E0&ct=application/pdf.
6. Intesa Sanpaolo. (2018). In: Sustainability/Environment/Green products and services. Retrieved April 19, 2018 from:
https://www.group.intesasanpaolo.com/scriptIsir0/si09/eng_index.jsp#/sostenibilita/eng_wp_sostenibilita.jsp.
7. Intesa Sanpaolo. (March 2018). Consolidated Non-Financial Statement for 2017. Retreived September 8, 2018 from: https://www.group.intesasanpaolo.com/scriptIsir0/si09/contentData/view/DNF_ENG.pdf?id=CNT-05-00000004FDD1F&ct=application/pdf.
8. Societe Generale (2016). Corporate and social responsibility report 2014-2015. Retrieved: March 12, 2017 from:
https://www.societegenerale.com/sites/default/files/documents/Document%20RSE/2015_Group_CSR_Report.pdf.
9. Societe Generale. (2016a). Environmental and social general guidelines for business engagement. Retrieved April 5, 2017 from:
https://www.societegenerale.com/en/measuring-our-performance/csr/responsible-finance.
10. Societe Generale. (2018). Corporate and social responsibility 2017 Equator principles report. Ref. (B) 718732 – Studio Société Générale - 06/2018.
11. Societe Generale. (2018a). Integrated Report 2017-2018. Retrieved September 9, 2018 from: https://www.societegenerale.com/sites/default/files/documents/Rapport-integre/integrated-report-societe-generale-2017-2018.pdf.
12. Unated Nations Global Compact. (n.d.). About the UN Global Compact. Retrieved September 9, 2018 from:
https://www.unglobalcompact.org/library.
13. UNEP Finance Initiative. (n.d.). The principles for positive impact finance. Retrieved September 9, 2018 from:
http://www.unepfi.org/positive-impact/principles-for-positive-impact-finance/.
14. UNEP: United Nations Environment Programme. (n.d.). Retrieved September 9, 2018 from: https://www.un.org/youthenvoy/2013/08/unep-united-nations-environment-programme/.

Downloads

Published

15-11-2017