Sustainability concerns extend beyond traditional businesses, enveloping the banking sector where stakeholders exert considerable pressure for robust environmental, social, and governance (ESG) disclosures. This study delves into the impact of ESG reporting on the operational risk management within European banks. By scrutinizing ESG disclosure practices across 192 EU27-listed banks from 2009 to 2019, the investigation reveals a tangible influence of ESG practices on operational risk. The findings underscore the value of enhanced transparency and accountability, indicating that diligent ESG reporting can lead to marked improvements in managing banking risks.
Strategic ESG Reporting: Advancing Operational Risk Management in Europe's Innovative Banking Sector
Campobasso F.;
2023-01-01
Abstract
Sustainability concerns extend beyond traditional businesses, enveloping the banking sector where stakeholders exert considerable pressure for robust environmental, social, and governance (ESG) disclosures. This study delves into the impact of ESG reporting on the operational risk management within European banks. By scrutinizing ESG disclosure practices across 192 EU27-listed banks from 2009 to 2019, the investigation reveals a tangible influence of ESG practices on operational risk. The findings underscore the value of enhanced transparency and accountability, indicating that diligent ESG reporting can lead to marked improvements in managing banking risks.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
