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2021 | OriginalPaper | Chapter

Sustainability Trend in Russian Banking Sector

Author : Amin Babazade

Published in: Financial Markets Evolution

Publisher: Springer International Publishing

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Abstract

The article analyses the involvement of the Russian banking sector in the implementation of the UN Sustainable Development Goals in order to determine its extent and nature. The research was carried out using the content analysis method and the sustainable banking performance framework. The results of the study revealed the following: (i) large Russian banks are taking active steps towards sustainable development, although it is not their priority; (ii) Russian banks are involved in sustainable development by dealing with social projects, while the green banking products and services are not developed enough; (iii) private and state banks with Russian capital demonstrate a higher commitment to implementing sustainable development programmes than those with foreign capital. The results section is followed by discussion and recommendations.

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Title: Sustainability Trend in Russian Banking Sector
Author: Amin Babazade
Publisher: Springer International Publishing
Book: Financial Markets Evolution
Print ISBN: 978-3-030-71336-2

Electronic ISBN: 978-3-030-71337-9

Copyright Year: 2021
DOI: https://doi.org/10.1007/978-3-030-71337-9_18