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A materiality analysis framework to assess sustainable development goals of banking sector through sustainability reports

A materiality analysis framework to assess sustainable development goals of banking sector through sustainability reports

Sardianou, Eleni, Stauropoulou, Athanasia, Evangelinos, Konstantinos and Nikolaou, Ioannis (2021) A materiality analysis framework to assess sustainable development goals of banking sector through sustainability reports. Sustainable Production and Consumption, 27. pp. 1775-1793. ISSN 2352-5509 (doi:https://doi.org/10.1016/j.spc.2021.04.020)

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Abstract

The intensifying demand of stakeholders for sustainability information, the severe effects of the recent financial crisis and the role of the financial sector on sustainable development have obliged many banking institutions to provide sustainable disclosures. Their main disclosure strategy is to meet the needs of stakeholders and assure the stability of the financial system. To this end, they have recently aligned their sustainability disclosures with the 17 Sustainable Development Goals (SDGs) of the Agenda 2030 (e.g. global poverty, prosperity, planet protection, decent work, economic growth and equality in education) incorporating the materiality concept which implies the identification of economic, social and environmental issues that concern an organization and have an impact on the organization itself but also on stakeholders by promoting the notion of sustainability in the long run. To examine the materiality of the banking sector disclosures regarding SDG issues, this paper develops an SDG Materiality Analysis Framework (SDGs_MAF). It was applied in a sample of 37 European banking institutions which publish corporate social responsibility or sustainability reports. Findings show the high priority of the banking sector for certain SDGs as well as a number of managerial implications in relation to its strategic planning and communicating of sustainability disclosures.

Item Type: Article
Uncontrolled Keywords: Sustainable development goals, materiality framework, CSR report, business sustainability, banking sector
Subjects: H Social Sciences > HB Economic Theory
T Technology > TA Engineering (General). Civil engineering (General)
Faculty / Department / Research Group: Faculty of Liberal Arts & Sciences
Faculty of Liberal Arts & Sciences > School of Design (DSC)
Last Modified: 22 Jul 2021 12:40
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
Selected for REF2021: None
URI: http://gala.gre.ac.uk/id/eprint/33350

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