Original Research
Measuring environmental performance of banks: Evidence from Carbon Disclosure Project (CDP) reporting banks
Journal of Economic and Financial Sciences | Vol 10, No 1 | a3 |
DOI: https://doi.org/10.4102/jef.v10i1.3
| © 2017 Alfred Bimha, Godwell Nhamo
| This work is licensed under CC Attribution 4.0
Submitted: 06 December 2017 | Published: 06 June 2017
Submitted: 06 December 2017 | Published: 06 June 2017
About the author(s)
Alfred Bimha, University of South Africa, South AfricaGodwell Nhamo, University of South Africa
Full Text:
PDF (1MB)Abstract
The need to measure the environmental performance of banks stems from the important role they occupy in the financial system as intermediator between savers and borrowers. Moreover, the growth in environmentally friendly business has created a need for banks to reconsider their business models. Potential investors are now looking for companies with green operations credentials. This study embarked on measuring and investigating banks, by country of origin, that are performing well in implementing their own environmental policies. Using the Carbon Disclosure Project (CDP) questionnaire answers, the study constructed an Environmental Management Performance (EMP) scoring index that was compared to the banks
Keywords
Environmental Management Performance; Sustainability; Stakeholders; Carbon Disclosure; Banks
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