Corporate social responsibility and green finance: insights from banks in selected emerging economies

This study aims to examine the impact of corporate social responsibility (CSR) mechanisms on the adoption of green finance initiatives by banks in selected emerging economies from 2008 to 2021. A quantitative analysis was conducted using data from bank websites, annual reports and sustainability reports. The data set includes banks from selected emerging economies, allowing for an analysis of variations in green finance practices. The study finds that CSR committees and sustainability reporting significantly increase the likelihood of banks financing green products and renewable energy projects. Regulatory environments and policies influence cross-country disparities in green finance practices. The findings suggest that banks should establish CSR committees and adopt sustainability reporting standards to enhance their commitment to green finance. Policymakers should create incentives and regulatory frameworks that encourage banks to integrate CSR mechanisms into their operations, thereby promoting sustainable development. By adopting CSR mechanisms, banks can play a critical role in addressing environmental challenges and supporting sustainable development goals. Enhanced transparency and stakeholder engagement foster trust and collaboration between banks and their communities, leading to improved social and environmental outcomes. The research provides new insights into how CSR practices promote sustainable financial behavior in developing countries, highlighting unique challenges and opportunities in selected emerging economies.

• Publication year

  2026

• Venue

  Corporate Governance: The International Journal of Business in Society

• Publication date

  2026-03-06

• Fields of study

  Not labeled

• Identifiers
  DOI 10.1108/cg-10-2024-0528
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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