For a long time, the success of the banking industry was measured almost exclusively by its performance. Developments in the last decade have shown the importance of having sustainable success in international finance. Measuring success purely by the short-term profits that are generated, leads to a banking sector that is quite simply not sustainable.
The importance of sustainable banking is starting to be recognized everywhere. Attempts aimed at finding financial solutions for valuing the world’s rainforests, designing optimal contracts for micro-finance lending, implementing macro and monetary policies that facilitate risk-sharing and enhance stability, or improving risk management techniques to enhance the absorptive capacity of financial institutions all have one thing in common: the creation of a more sustainable banking system.
At ECCE, we view sustainability in finance as something that concerns both the individual firm and the industry at large. Moreover, we believe sustainability requires a safe, sound and stable banking system, as well as a banking system that contributes to economic growth and development in a sustainable manner. Current sustainable banking projects cover micro-finance, speculation and commodity prices and the finance-growth nexus.
ECCE Research Fellow
Stefanie Kleimeier earned a doctorate at the University of Georgia (USA) and is currently Professor of Entrepreneurial Finance at the Open Universiteit (The Netherlands), Associate Professor of Finance at the Maastricht University (The Netherlands) and Associate Professor Extraordinary at the University of Stellenbosch Business School (South Africa). Her research...More about this author
ECCE Research Affiliate
Michael Viehs is Assistant Manager within the Equity Ownership Services (EOS) team of Hermes Investment Management in London. In this position he is responsible for corporate engagements on environmental, social, governance (ESG), and strategic issues and for producing research on responsible investing. In his role at Hermes EOS, he is the sector lead for...More about this author