SUSTAINABILITY REPORTING: EVIDENCE FROM GLOBAL SYSTEMICALLY IMPORTANT BANKS (G-SIBs)

In recent years, the issue of environmental pollution and climate change has led the scienti ̄c debate to focus on social issues, environmental protection, and human rights, deepening the topic of sustainable economic development. To provide stakeholders evidence on economic, environmental, and social performance, all corporate organizations must supplement traditional ̄nancial reporting tools with Non- ̄nancial information, following numerous standards, fra- meworks, and guidelines. The topic of Non- ̄nancial disclosure is widely investigated with reference to industrial companies, while the ̄nancial institution sector represents a context that is still little explored. Indeed, ̄nancial institutions are signi ̄cant promoters of Corporate Social Responsibility (CSR), and even if their operations do not have direct impacts on the environ- ment, they can encourage the allocation of their capital in socially responsible investments, thus contributing to the spread of sustainability culture in the ̄nancial system and among citizens. This paper analyzes the main sustainability frameworks, standards, and guidelines used by global systemically important banks (G-SIBs) for disclosure on environmental aspects along with social and governance factors, investigating the attention degree of ̄nancial institutions toward the sustainability issue.