Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in The World of Uncertainties (ICECH 2022)

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Theoretical Framework for the Influence of Crucial Factors on Green Banking Strategy Implementation

Authors
Anh Nguyen1, *
1School of Law, College of Economics, Law and Government, University of Economics Ho Chi Minh City, Ho Chi Minh, Vietnam
*Corresponding author. Email: Anhnnt@ueh.edu.vn
Corresponding Author
Anh Nguyen
Available Online 23 May 2023.
DOI
10.2991/978-94-6463-150-0_18How to use a DOI?
Keywords
Bank management; Environmental pressure; Green banking; Policy and regulation; Social impacts; Theory of change
Abstract

Over the past decade, most research in sustainable development has emphasised the implementation of green banking as an essential component of the transition to Sustainable Financial 2.0. By maximising the integrated value, which integrates financial, social, and environmental value, it provides stakeholder value. Generally, one of the most important objectives of sustainable growth is to ensure environmental value. A stable environment could let the next generation gain more profit without worrying about hardship and risks from natural disasters. As a result, the stakeholder approach to corporate governance and the practice of corporate social responsibility leads to the adoption of green banks. The purpose of the study is to analyze the factors that affect how green banking strategies are implemented and to make hypotheses about how effective these factors are for green banks. To fulfil such purpose, the theory of change is used to classify these factors into ESG (environment, society and governance) model under the theoretical framework. While external factors influencing green banking strategy include the environment (including physical risks, transition risks, and liability risks) and society (including policy, regulation, customer demand, and competition), bank management is a crucial internal component to guiding the banking system toward going green.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in The World of Uncertainties (ICECH 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
23 May 2023
ISBN
10.2991/978-94-6463-150-0_18
ISSN
2352-5428
DOI
10.2991/978-94-6463-150-0_18How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Anh Nguyen
PY  - 2023
DA  - 2023/05/23
TI  - Theoretical Framework for the Influence of Crucial Factors on Green Banking Strategy Implementation
BT  - Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in The World of Uncertainties (ICECH 2022)
PB  - Atlantis Press
SP  - 253
EP  - 269
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-150-0_18
DO  - 10.2991/978-94-6463-150-0_18
ID  - Nguyen2023
ER  -