Please use this identifier to cite or link to this item: http://bura.brunel.ac.uk/handle/2438/23386
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dc.contributor.authorSaeudy, M-
dc.contributor.authorAtkins, J-
dc.contributor.authorBarone, EAV-
dc.date.accessioned2021-10-26T21:54:22Z-
dc.date.available2021-10-26T21:54:22Z-
dc.date.issued2021-09-02-
dc.identifierORCID iD: Elisabetta Barone https://orcid.org/0000-0001-9715-6084-
dc.identifier.citationSaeudy, M., Atkins, J. and Barone, E.A.V. (2022) 'Interpreting banks’ sustainability initiatives as reputational risk management and mechanisms for coping, re-embedding and rebuilding societal trust', Qualitative Research in Financial Markets, 14 (1), pp. 169-188. doi 10.1108/QRFM-02-2021-0024.en_US
dc.identifier.issn1755-4179-
dc.identifier.urihttps://bura.brunel.ac.uk/handle/2438/23386-
dc.description.abstractPurpose This paper aims to contribute to a growing literature in sustainable and green banking by exploring the views of senior banking representatives towards the implementation of sustainability initiatives through extensive interview research. The authors explore the extent to which such initiatives are embedded within the banking industry, whether they represent risk management mechanisms and whether they are imbued with reputational risk management rather than a genuine response to ethical societal concerns. Design/methodology/approach Qualitative semi-structured interviews were conducted with UK bank managers. The interviewees’ utterances are interpreted through a sociological theoretical lens derived from the study of Giddens and Beck, allowing us to conclude that external initiatives such as the Equator Principles seem to be adopted as re-embedding mechanisms that can rebuild societal trust, as well as representing mechanisms of reputational risk management. Findings The analysis suggested that internal sustainability initiatives were interpreted as coping mechanisms whereby bank employees can recreate their protective cocoon, reinstating their ontological security in response to the high consequence risks of climate change and other related systemic factors that create overwhelming feelings of engulfment. Originality/value Using Beck’s risk society theory as a theoretical lens through which to interpret the interview data allows a number of concluding comments and suggestions to be made. The findings resonate with earlier research into institutional investors’ attitudes towards climate change that found their engagement and dialogue with companies around climate change issues to be imbued with a risk discourse: their initiatives and actions were dominated by risk management motivations.-
dc.format.extent169 - 188-
dc.format.mediumPrint-Electronic-
dc.language.isoenen_US
dc.publisherEmerald Publishingen_US
dc.rightsCopyright © 2021 Emerald Publishing Limited. This author accepted manuscript is deposited under a Creative Commons Attribution Non-commercial 4.0 International (CC BY-NC) licence. This means that anyone may distribute, adapt, and build upon the work for non-commercial purposes, subject to full attribution. If you wish to use this manuscript for commercial purposes, please contact permissions@emerald.com.-
dc.rights.urihttps://creativecommons.org/licenses/by-nc/4.0/-
dc.subjectsustainability initiativesen_US
dc.subjectequator principlesen_US
dc.subjectsocietal trusten_US
dc.subjectsustainable and green bankingen_US
dc.titleInterpreting banks’ sustainability initiatives as reputational risk management and mechanisms for coping, re-embedding and rebuilding societal trusten_US
dc.typeArticleen_US
dc.identifier.doihttps://doi.org/10.1108/QRFM-02-2021-0024-
dc.relation.isPartOfQualitative Research in Financial Markets-
pubs.issue1-
pubs.publication-statusPublished-
pubs.volume14-
dc.identifier.eissn1755-4187-
dc.rights.holderEmerald Publishing Limited-
Appears in Collections:Dept of Economics and Finance Research Papers

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