“…On an unprecedented scale, cases of manipulation of market benchmarks, mis‐selling of financial products to consumers, circumvention of anti‐money laundering and counterterrorist financing regulation, and support of tax evasion have emerged. In addition, the sector has indirect environmental impacts through investing in questionable activities or financing customer who carry out such activities (Eisenbach et al ., ; Sarokin and Schulkin, ; Thompson and Cowton, ; Viganò and Nicolai, ; Weber, , ). However, the financial sector traditionally has been considered to be less involved in CSR because it has a low direct environmental impact, especially in comparison to industrial sectors, such as the chemical, petroleum, and paper industries (Matute‐Vallejo et al ., ; Thompson and Cowton, ).…”