Selected CSR-ESG Studies
CONNEXIS regards the following publications as highly interesting for our existing clients as well as outside visitors. These studies and papers provide valuable and up-to-date insight into the latest trends in CSR & ESG.
- UNEP: Aligning the Financial System with Sustainable Development (2018)
- Green Lending Policy reduces credit risk in China (2018)
- CSR Europe & GRI: Implementation of EU CSR Directive in the EU Member States
- The World Economic Forum (WEF): Global Risks Report 2017
- The World Economic Forum (WEF): Global Risks Report 2016
- The World Economic Forum (WEF): Global Risks Report 2015
- The EEA: State and Outlook of the European Environment (SOER) 2015
- The GSIA: Global Sustainable Investment Review
- Nature: Business Culture and Dishonesty in the Banking Industry (Dec 2014)
The Inquiry into the Design of a Sustainable Financial System was initiated by the United Nations Environment Programme (UNEP) to advance options to align the financial system with sustainable development. ‘Making Waves: Aligning the Financial System with Sustainable Development’ is its final, global report.
This report reviews the Inquiry’s core analysis, summarizes progress made in aligning the financial system with sustainable development between 2014 and 2017, reflects on the lessons that can be learned from the Inquiry’s approach, and highlights what still needs to be done and what success could look like. It finds real signs that a shift to a sustainable financial system is well under way. Full report.
In 2007 China introduces its Green Credit Policy that obliges large banks to offer green loans for environmental protection, emission reduction, and energy conservation projects, as well as restrict loans to high-pollution, high-emission, and overcapacity industries.
Yujun Cui and his colleagues from the University of Waterloo (Canada) and the Northern Illinois University (USA) explored the consequences of the Green Credit Policy from a credit risk perspective. The results suggest that allocating more green loans to the total loan portfolio does reduce a bank’s non-performing loan (NPL) ratio. The researchers conclude that institutional pressure by the Chinese Green Credit Policy had a positive effect on both the environmental and the financial performance of banks in China. Full report.
GRI, CSR Europe and Accountancy Europe issued a new report that outlines the principal elements of the 28 Member States’ laws, and provides insights on the direction non-financial reporting is headed in Europe. "The Non-financial Reporting Directive signals a new beginning in leveraging the transformative power of transparency." said GRI Chief Executive, Tim Mohin. Full report.
In its 12th edition the Global Risk Report continues to be driven by geo-political risks (large-scale international migration) as well as climate change related matters. Full report.
In its 11th edition the Global Risk Report continues to be driven by geo-political risks (large-scale international migration) as well as climate change related matters. Full report.
Geo-political risks have moved to the top of the perceived risks in the latest report by the World Economic Forum. ‘Interstate conflict’ is now perceived as the most likely risk, with ‘Extreme weather events’ and “Failure of national governance’ in places two and three. In terms of impact respondents now regard Water crises’ as the No1 risk, with ‘Infectious diseases’ and ‘Weapons of mass destruction’ on ranks two and three. Full report.
The European Environmental Agency has published its latest report State and Outlook of the European Environment 2015 (SOER 2015). Roughly half way between the start of European Environmental policy in 1970 and the strategic target of 2050 the EEA concludes that much has been achieved, but a lot more remains to be done. Full report.
In February 2015 the Global Sustainable Investment Alliance (GSIA) released their ‘Global Sustainable Investment Review' for 2014. In their third report the GSIA finds that assets managed under SRI criteria have grown significantly faster than non-SRI assets since 2012. According to GSIA more assets (58.8%) are now managed under SRI criteria in Europe than under other professional management criteria. Full report.
In their recent study at the University of Zurich (published in the journal Nature, Volume 516, December 2014) researchers Alain Cohn, Ernst Fehr and Michel Maréchal asked 128 employees of a large international bank (50% from a core banking function, 50% from back-offices) to toss a coin in a private environment and report their results. Positive results were rewarded with $20 per event (max. $200). On average, bank employees behaved just as honestly as the control group from non-banking professions. However, once their banking background was rendered salient, a significant portion of bank employees became dishonest. This effect is specific to bank employees because control experiments with employees from other industries and with students show that they do not become more dishonest when their professional identity are rendered salient. Full report.