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Introduction
Over the past few years, there has been intensive discussion about how the financial industry might be affected by environmental impacts, such as climate change. There has also been discussion on how the financial sector can influence the environment and society in either a positive or negative way (Carney 2015; Wiek and Weber 2014). As an example, the G20 initiated a Task Force on Climate Related Disclosure that developed guidelines for managing climate-related risks in the financial industry, such as climate change, (Task Force on Climate Related Disclosures 2016). Furthermore, the Sustainability Accounting Standards Board (SASB) has developed standardized indicators that should become part of mandatory corporate disclosures.
Though environmental risks are addressed by many lenders (Weber et al. 2008) who integrate environmental, social, and governance (ESG) criteria into their financial decision making (Weber and Feltmate 2016), only...
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Weber, O. (2018). Financial Sector Sustainability Regulations and Guidelines. In: Poff, D., Michalos, A. (eds) Encyclopedia of Business and Professional Ethics. Springer, Cham. https://doi.org/10.1007/978-3-319-23514-1_40-1
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