2021
DOI: 10.3390/su13041731
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Corporate Social Responsibility in the European Banking Sector: Commitment to the 2030 Agenda and Its Relationship with Gender Diversity

Abstract: This study examines the degree of corporate social responsibility (CSR) in the European banking sector in terms of commitment to the 2030 Agenda Sustainable Development Goals (SDGs). It also explores whether gender diversity on the board of directors can be used to differentiate between companies with different degrees of engagement with the SDGs. This question is important, given that achieving equal opportunities for women is a CSR priority for today’s companies given stakeholders’ demands. Descriptive and i… Show more

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Cited by 26 publications
(21 citation statements)
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“…Indeed, where organisations have committed to certain SDG's specific, measurable outcomes are evident. Gallego-Sosa [51] have examined the degree of CSR, using a sample of the 30 largest banks in Europe in terms of market capitalization, found that these banks target at least one of the SDGs and that the banks that are most committed to Goals 11 (Sustainable Cities and Communities) and 13 (Climate Action) of the 2030 Agenda have greater gender diversity on their boards of directors. Again, Sprinks [52] et al (2021) demonstrate greater confidence among people associated with business organisations the projects of which are readily related to the SDGs.…”
Section: Sustainable Developmentmentioning
confidence: 99%
“…Indeed, where organisations have committed to certain SDG's specific, measurable outcomes are evident. Gallego-Sosa [51] have examined the degree of CSR, using a sample of the 30 largest banks in Europe in terms of market capitalization, found that these banks target at least one of the SDGs and that the banks that are most committed to Goals 11 (Sustainable Cities and Communities) and 13 (Climate Action) of the 2030 Agenda have greater gender diversity on their boards of directors. Again, Sprinks [52] et al (2021) demonstrate greater confidence among people associated with business organisations the projects of which are readily related to the SDGs.…”
Section: Sustainable Developmentmentioning
confidence: 99%
“…Specifically, women are more aware of the exploitation of the planet [74], more sensitive to environmental problems and more likely to tackle the needs of stakeholders [43,75,76]. Therefore, the presence of women on the board shifts the orientation of companies towards tackling environmental sustainability [18] and meeting SDG 13 (Climate Action) [77]. It also contributes to the implementation of environmental policies and initiatives [78][79][80] and green entrepreneurship programmes [81], all of which results in improved environmental performance [82].…”
Section: Board Gender Diversity and Environmental Performancementioning
confidence: 99%
“…This relationship has been confirmed for samples from various countries and regions. Specifically, studies have been conducted in the United States [26,42,43,50,64,83], France [47], the United Kingdom [25], China [86], Australia [85], Europe [27,77,88] and globally [44,73,96].…”
Section: Board Gender Diversity and Environmental Performancementioning
confidence: 99%
“…A study on the European banking sector shows that two-thirds (of the banks studied) of the banking sector shows commitment towards CSR. However, the lack of rigid regulations and guidelines has resulted in uncoordinated efforts towards reaching the UN's SDGs by the banking sector in Europe (Gallego-Sosa et al, 2021).…”
Section: Csr Practices In the Banking Sectors Around The Worldmentioning
confidence: 99%