Banks and climate-related information: the case of Portugal
Autor(a) principal: | |
---|---|
Data de Publicação: | 2021 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://hdl.handle.net/1822/76374 |
Resumo: | In 2014, a European Union (EU) Directive required certain large undertakings and groups to disclose non-financial information from 2017 onwards. In 2017, the EU guidelines on non-financial reporting established that reporting climate-related information is part of the non-financial information. Later, in 2019, the guidelines were reinforced to include a supplement that envisages improving climate-related information reporting. Banks can contribute to reducing climate-related risks by supporting investments in economic activities that aim to mitigate the risk of climate change. Capital needs should be reoriented towards sustainable investment. Banks shall manage financial risks arising from climate change; therefore, they must integrate climate change into their policies and procedures, assessing the potential impact of projects and financing on climate change. This study aimed to evaluate how banks in Portugal have been reporting climate-related information and whether the level of information has increased since 2017. Using content analysis, findings indicated that banks are already including climate-related information; however, they are still far from approaching what the new guidelines require. Results suggested that there is still a long way to go in this area concerning banks and regulators. |
id |
RCAP_236d651ba23dd75b22816ceccabfa552 |
---|---|
oai_identifier_str |
oai:repositorium.sdum.uminho.pt:1822/76374 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
Banks and climate-related information: the case of PortugalBanksDisclosuresDirective 2014/95/EUNon-financial reportingClimate-related informationPortugaldirective 201495EUScience & TechnologyIn 2014, a European Union (EU) Directive required certain large undertakings and groups to disclose non-financial information from 2017 onwards. In 2017, the EU guidelines on non-financial reporting established that reporting climate-related information is part of the non-financial information. Later, in 2019, the guidelines were reinforced to include a supplement that envisages improving climate-related information reporting. Banks can contribute to reducing climate-related risks by supporting investments in economic activities that aim to mitigate the risk of climate change. Capital needs should be reoriented towards sustainable investment. Banks shall manage financial risks arising from climate change; therefore, they must integrate climate change into their policies and procedures, assessing the potential impact of projects and financing on climate change. This study aimed to evaluate how banks in Portugal have been reporting climate-related information and whether the level of information has increased since 2017. Using content analysis, findings indicated that banks are already including climate-related information; however, they are still far from approaching what the new guidelines require. Results suggested that there is still a long way to go in this area concerning banks and regulators.This paper was financed by National Funds of the FCT—Portuguese Foundation for Science and Technology within the project “UIDB/03182/2020”Multidisciplinary Digital Publishing Institute (MDPI)Universidade do MinhoSantos, Aldina LopesLima Rodrigues, Lúcia2021-11-052021-11-05T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/76374engSantos, A.L.; Rodrigues, L.L. Banks and Climate-Related Information: The Case of Portugal. Sustainability 2021, 13, 12215. https://doi.org/10.3390/su1321122152071-105010.3390/su13211221512215https://www.mdpi.com/2071-1050/13/21/12215info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:25:35Zoai:repositorium.sdum.uminho.pt:1822/76374Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:19:50.606035Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Banks and climate-related information: the case of Portugal |
title |
Banks and climate-related information: the case of Portugal |
spellingShingle |
Banks and climate-related information: the case of Portugal Santos, Aldina Lopes Banks Disclosures Directive 2014/95/EU Non-financial reporting Climate-related information Portugal directive 2014 95 EU Science & Technology |
title_short |
Banks and climate-related information: the case of Portugal |
title_full |
Banks and climate-related information: the case of Portugal |
title_fullStr |
Banks and climate-related information: the case of Portugal |
title_full_unstemmed |
Banks and climate-related information: the case of Portugal |
title_sort |
Banks and climate-related information: the case of Portugal |
author |
Santos, Aldina Lopes |
author_facet |
Santos, Aldina Lopes Lima Rodrigues, Lúcia |
author_role |
author |
author2 |
Lima Rodrigues, Lúcia |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Universidade do Minho |
dc.contributor.author.fl_str_mv |
Santos, Aldina Lopes Lima Rodrigues, Lúcia |
dc.subject.por.fl_str_mv |
Banks Disclosures Directive 2014/95/EU Non-financial reporting Climate-related information Portugal directive 2014 95 EU Science & Technology |
topic |
Banks Disclosures Directive 2014/95/EU Non-financial reporting Climate-related information Portugal directive 2014 95 EU Science & Technology |
description |
In 2014, a European Union (EU) Directive required certain large undertakings and groups to disclose non-financial information from 2017 onwards. In 2017, the EU guidelines on non-financial reporting established that reporting climate-related information is part of the non-financial information. Later, in 2019, the guidelines were reinforced to include a supplement that envisages improving climate-related information reporting. Banks can contribute to reducing climate-related risks by supporting investments in economic activities that aim to mitigate the risk of climate change. Capital needs should be reoriented towards sustainable investment. Banks shall manage financial risks arising from climate change; therefore, they must integrate climate change into their policies and procedures, assessing the potential impact of projects and financing on climate change. This study aimed to evaluate how banks in Portugal have been reporting climate-related information and whether the level of information has increased since 2017. Using content analysis, findings indicated that banks are already including climate-related information; however, they are still far from approaching what the new guidelines require. Results suggested that there is still a long way to go in this area concerning banks and regulators. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-11-05 2021-11-05T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://hdl.handle.net/1822/76374 |
url |
https://hdl.handle.net/1822/76374 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Santos, A.L.; Rodrigues, L.L. Banks and Climate-Related Information: The Case of Portugal. Sustainability 2021, 13, 12215. https://doi.org/10.3390/su132112215 2071-1050 10.3390/su132112215 12215 https://www.mdpi.com/2071-1050/13/21/12215 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Multidisciplinary Digital Publishing Institute (MDPI) |
publisher.none.fl_str_mv |
Multidisciplinary Digital Publishing Institute (MDPI) |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799132659303055360 |