Responsible Lending Policy of Green Investments in the Energy Sector in Poland

The paper concerns the issue of responsible involvement of commercial banks in Poland in green financing of the energy sector. The main reason for undertaking this topic is the observed increased interest of domestic banks in green financing of investments on the energy market in Poland. Therefore,...

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Autores principales:	Irena Pyka, Aleksandra Nocoń
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	greening bank loans “green” investments financing of the energy sector in Poland sustainable finance sustainable development green finance Technology T
Acceso en línea:	https://doaj.org/article/ea2e85417eee4e0fac78f2c9d5140c11
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spelling	oai:doaj.org-article:ea2e85417eee4e0fac78f2c9d5140c112021-11-11T16:02:24ZResponsible Lending Policy of Green Investments in the Energy Sector in Poland10.3390/en142172981996-1073https://doaj.org/article/ea2e85417eee4e0fac78f2c9d5140c112021-11-01T00:00:00Zhttps://www.mdpi.com/1996-1073/14/21/7298https://doaj.org/toc/1996-1073The paper concerns the issue of responsible involvement of commercial banks in Poland in green financing of the energy sector. The main reason for undertaking this topic is the observed increased interest of domestic banks in green financing of investments on the energy market in Poland. Therefore, the main objective are to explore the determinants of changes in the level and structure of bank loans under the influence of green investments in the energy sector in Poland. The article verifies the research hypothesis which assumes that an increase in financing green investments by bank loans in the energy market in Poland requires strengthening the synergy of responsible financing of sustainable development of the economy. For this purpose, a two-stage concept of the empirical research was adopted. On the first stage, questionnaire surveys were conducted among the largest Polish commercial banks to examine the respondents’ acceptance degree of the concept of sustainable financing and greening the loan portfolio. On the second stage, case studies were analyzed along with the analysis of selected secondary quantitative data. It was proven that commercial banks in Poland increase their commitment to sustainable financing, which is observed in the sectorally progressing process of “greening” the credit offer. There is also a noticeable change in their approach to social responsibility, especially in the context of the energy market, where financing of traditional, ecologically harmful projects is still dominant. However, this trend is slowly being reversed, towards supporting investments in the area of modern, environmentally-friendly energy solutions. However, “greening” of loan portfolios in the native banking sector requires a responsible lending policy based on various complex business decisions. Increasing their pro-ecological awareness of financing the economy is only a prerequisite, albeit inadequate, of further energy transformation in Poland.Irena PykaAleksandra NocońMDPI AGarticlegreening bank loans“green” investmentsfinancing of the energy sector in Polandsustainable financesustainable developmentgreen financeTechnologyTENEnergies, Vol 14, Iss 7298, p 7298 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	greening bank loans “green” investments financing of the energy sector in Poland sustainable finance sustainable development green finance Technology T
spellingShingle	greening bank loans “green” investments financing of the energy sector in Poland sustainable finance sustainable development green finance Technology T Irena Pyka Aleksandra Nocoń Responsible Lending Policy of Green Investments in the Energy Sector in Poland
description	The paper concerns the issue of responsible involvement of commercial banks in Poland in green financing of the energy sector. The main reason for undertaking this topic is the observed increased interest of domestic banks in green financing of investments on the energy market in Poland. Therefore, the main objective are to explore the determinants of changes in the level and structure of bank loans under the influence of green investments in the energy sector in Poland. The article verifies the research hypothesis which assumes that an increase in financing green investments by bank loans in the energy market in Poland requires strengthening the synergy of responsible financing of sustainable development of the economy. For this purpose, a two-stage concept of the empirical research was adopted. On the first stage, questionnaire surveys were conducted among the largest Polish commercial banks to examine the respondents’ acceptance degree of the concept of sustainable financing and greening the loan portfolio. On the second stage, case studies were analyzed along with the analysis of selected secondary quantitative data. It was proven that commercial banks in Poland increase their commitment to sustainable financing, which is observed in the sectorally progressing process of “greening” the credit offer. There is also a noticeable change in their approach to social responsibility, especially in the context of the energy market, where financing of traditional, ecologically harmful projects is still dominant. However, this trend is slowly being reversed, towards supporting investments in the area of modern, environmentally-friendly energy solutions. However, “greening” of loan portfolios in the native banking sector requires a responsible lending policy based on various complex business decisions. Increasing their pro-ecological awareness of financing the economy is only a prerequisite, albeit inadequate, of further energy transformation in Poland.
format	article
author	Irena Pyka Aleksandra Nocoń
author_facet	Irena Pyka Aleksandra Nocoń
author_sort	Irena Pyka
title	Responsible Lending Policy of Green Investments in the Energy Sector in Poland
title_short	Responsible Lending Policy of Green Investments in the Energy Sector in Poland
title_full	Responsible Lending Policy of Green Investments in the Energy Sector in Poland
title_fullStr	Responsible Lending Policy of Green Investments in the Energy Sector in Poland
title_full_unstemmed	Responsible Lending Policy of Green Investments in the Energy Sector in Poland
title_sort	responsible lending policy of green investments in the energy sector in poland
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/ea2e85417eee4e0fac78f2c9d5140c11
work_keys_str_mv	AT irenapyka responsiblelendingpolicyofgreeninvestmentsintheenergysectorinpoland AT aleksandranocon responsiblelendingpolicyofgreeninvestmentsintheenergysectorinpoland
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Responsible Lending Policy of Green Investments in the Energy Sector in Poland

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