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2021 | OriginalPaper | Chapter

19. Banking Business Strategies in the Paradigm of Digital Solutions and Sustainable Development Goals

Author : Galina Panova

Published in: Technology and Business Strategy

Publisher: Springer International Publishing

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Abstract

The theme of banking activity in the paradigm of achieving sustainable development goals—which is dictated, on the one hand, by the aggravation of environmental, social, and economic problems, and, on the other hand, by the desire to direct financial resources to their solution—has become particularly relevant in light of these modern challenges. Recent scientific research on this issue shows that a successful and profitable business cannot exist in the long term, neglecting the corporate culture and environmental care. The chapter analyzes banks’ approaches to the issues of achieving sustainable development goals in national and global financial markets; it also analyzes international initiatives aimed at solving global environmental and social problems by encouraging companies to comply with the principles of sustainable development and disclose information on the level of environmental, social, and corporate risks.

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Literature
go back to reference Friede, G., Busch, T., & Bassen, A. (2015). ESG and Financial Performance: Aggregated Evidence from More than 2000 Empirical Studies. Journal of Sustainable Finance & Investment, 5(4), 210–233.CrossRef Friede, G., Busch, T., & Bassen, A. (2015). ESG and Financial Performance: Aggregated Evidence from More than 2000 Empirical Studies. Journal of Sustainable Finance & Investment, 5(4), 210–233.CrossRef
go back to reference Panova, G. S. (2020). Banks and Banking Business in the Global Economy. Moscow: MGIMO. Panova, G. S. (2020). Banks and Banking Business in the Global Economy. Moscow: MGIMO.
go back to reference Panova, G. S., & Kishmariya, I. L. (2020). Principles of Responsible Investment in Russian Banks. Banking Services, № 4, pp. 2–10. Panova, G. S., & Kishmariya, I. L. (2020). Principles of Responsible Investment in Russian Banks. Banking Services, № 4, pp. 2–10.
go back to reference UN. (2019a). General Sustainable Development Goals Report. New York: United Nations Publications. UN. (2019a). General Sustainable Development Goals Report. New York: United Nations Publications.
Metadata
Title
Banking Business Strategies in the Paradigm of Digital Solutions and Sustainable Development Goals
Author
Galina Panova
Copyright Year
2021
Publisher
Springer International Publishing
DOI
https://doi.org/10.1007/978-3-030-63974-7_19