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Chapter 4 Sustainable banking systems

Iustina Alina Boitan

Sustainable banking: concept, business model peculiarities and sustainable financial products

Mainstream banking is witnessing a broad and long-lasting reshaping of its traditional way of doing business through the incorporation of environmental and social assessments into the regular banking activity. Increasingly more decision makers at national, European and international levels use the term “sustainable banking” and claim for immediate action in order to increase investment in longer-term, environmental and societal-friendly projects.

Although sustainable banking is considered to be an evolving concept lacking a formal definition, international authorities have arrived at a consensus: ...

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