Banks’ Energy Behavior: Impacts of the Disparity in the Quality and Quantity of the Disclosures

Environmental, social, and governance (ESG) factors are becoming increasingly relevant for banks as entities that play an essential role in supporting the development of enterprises, individuals and the whole economy. The paper aims to evaluate the impact of the ESC directive on banks’ energy behavi...

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Autores principales:	Monika Klimontowicz, Anna Losa-Jonczyk, Bogna Zacny
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	energy behavior energy disclosures ESG GRI NFRD banks’ performance Technology T
Acceso en línea:	https://doaj.org/article/486055e00dd847f58d2f0a7571484649
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spelling	oai:doaj.org-article:486055e00dd847f58d2f0a75714846492021-11-11T16:03:14ZBanks’ Energy Behavior: Impacts of the Disparity in the Quality and Quantity of the Disclosures10.3390/en142173251996-1073https://doaj.org/article/486055e00dd847f58d2f0a75714846492021-11-01T00:00:00Zhttps://www.mdpi.com/1996-1073/14/21/7325https://doaj.org/toc/1996-1073Environmental, social, and governance (ESG) factors are becoming increasingly relevant for banks as entities that play an essential role in supporting the development of enterprises, individuals and the whole economy. The paper aims to evaluate the impact of the ESC directive on banks’ energy behavior disclosures, explicitly relating to behaviors towards energy use and its impact on banks’ performance. We developed a methodology to provide the objective characteristic of banks’ energy behavior. In the paper, the banks’ energy behavior (BEB) index is calculated using sixteen indicators, followed by further analysis of its relationship with banks’ performance measured by indexes referring to banks’ characteristics, efficiency, and solvency. Our results are based on an analysis of the disclosures in nonfinancial reports. We find correlations that indicate that banks that are more likely to demonstrate energy behaviors (with a high BEB index) are those that better manage their costs and are more attractive for investors. Further analysis suggests that banks’ energy behavior has no statistically significant correlation with other performance indicators. We find only limited evidence of statistical associations between energy behavior and the net interest margin. We argue that our results contribute to the significant body of literature supporting the role of ESG in active engagement with energy issues.Monika KlimontowiczAnna Losa-JonczykBogna ZacnyMDPI AGarticleenergy behaviorenergy disclosuresESGGRINFRDbanks’ performanceTechnologyTENEnergies, Vol 14, Iss 7325, p 7325 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	energy behavior energy disclosures ESG GRI NFRD banks’ performance Technology T
spellingShingle	energy behavior energy disclosures ESG GRI NFRD banks’ performance Technology T Monika Klimontowicz Anna Losa-Jonczyk Bogna Zacny Banks’ Energy Behavior: Impacts of the Disparity in the Quality and Quantity of the Disclosures
description	Environmental, social, and governance (ESG) factors are becoming increasingly relevant for banks as entities that play an essential role in supporting the development of enterprises, individuals and the whole economy. The paper aims to evaluate the impact of the ESC directive on banks’ energy behavior disclosures, explicitly relating to behaviors towards energy use and its impact on banks’ performance. We developed a methodology to provide the objective characteristic of banks’ energy behavior. In the paper, the banks’ energy behavior (BEB) index is calculated using sixteen indicators, followed by further analysis of its relationship with banks’ performance measured by indexes referring to banks’ characteristics, efficiency, and solvency. Our results are based on an analysis of the disclosures in nonfinancial reports. We find correlations that indicate that banks that are more likely to demonstrate energy behaviors (with a high BEB index) are those that better manage their costs and are more attractive for investors. Further analysis suggests that banks’ energy behavior has no statistically significant correlation with other performance indicators. We find only limited evidence of statistical associations between energy behavior and the net interest margin. We argue that our results contribute to the significant body of literature supporting the role of ESG in active engagement with energy issues.
format	article
author	Monika Klimontowicz Anna Losa-Jonczyk Bogna Zacny
author_facet	Monika Klimontowicz Anna Losa-Jonczyk Bogna Zacny
author_sort	Monika Klimontowicz
title	Banks’ Energy Behavior: Impacts of the Disparity in the Quality and Quantity of the Disclosures
title_short	Banks’ Energy Behavior: Impacts of the Disparity in the Quality and Quantity of the Disclosures
title_full	Banks’ Energy Behavior: Impacts of the Disparity in the Quality and Quantity of the Disclosures
title_fullStr	Banks’ Energy Behavior: Impacts of the Disparity in the Quality and Quantity of the Disclosures
title_full_unstemmed	Banks’ Energy Behavior: Impacts of the Disparity in the Quality and Quantity of the Disclosures
title_sort	banks’ energy behavior: impacts of the disparity in the quality and quantity of the disclosures
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/486055e00dd847f58d2f0a7571484649
work_keys_str_mv	AT monikaklimontowicz banksenergybehaviorimpactsofthedisparityinthequalityandquantityofthedisclosures AT annalosajonczyk banksenergybehaviorimpactsofthedisparityinthequalityandquantityofthedisclosures AT bognazacny banksenergybehaviorimpactsofthedisparityinthequalityandquantityofthedisclosures
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Banks’ Energy Behavior: Impacts of the Disparity in the Quality and Quantity of the Disclosures

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