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SUSTAINABLE BANKING



GREENLEAF PUBLISHING invites contributions in the area of Sustainable Banking 
for a special issue of the journal 'Greener Management International' (GMI) 
to be Guest-Edited by Leon Klinkers (PricewaterhouseCoopers), Dr Jan Jaap 
Bouma (Erasmus University) and Marcel Jeucken (RaboBank).
As early as the Earth Summit in 1992, banks issued a declaration on the 
financial sector and sustainable development. The 'Statement by Banks on the 
Environment and Sustainable Development', organised by UNEP, was revised in 
1997 to 'Financial Services' and has now been signed by over 100 financial 
organisations who endorse the need to take account of environmental issues in 
their operational and decision-making procedures. The statement was emulated 
by the insurance sector in March 1996 at the Berlin meeting of the Climate 
Change Convention. Many analysts believe that there are strong incentives - 
both internal and external - for banks and insurance companies to take an 
interest such issues. For instance:

 The management of financial, legal and reputational risks associated with 
environmental issues that may arise within credit or investment activities. 
 The improvement of internal operational efficiency and the reduction of 
operating costs. 
 Opportunities to develop new financial products and services linked to 
environmental or social performance. 
 Pressures from both corporate and retail customers to demonstrate sound 
environmental/social performance. 
 Competition from other financial services organisations, nationally and 
internationally seeking to improve market positioning through the adoption 
and implementation of environmental policies.

Many financial service providers have introduced environmental policies. 
However, at present, there are wide variations - even between leading 
organisations - in the precise scope and content of these policies. Among the 
signatories to the (unaudited) UNEP statement, for example, research 
undertaken by London-based Green Alliance in 1997 found only patchy progress 
towards integrating environmental considerations into activities - 
particularly with regard to investment policies and new products and 
services. More recent research on the same grouping by PricewaterhouseCoopers 
indicates that considerable problems remain in translating environmental 
considerations into tangible financial performance - a problem exacerbated by 
the lack of comparable performance data. On this latter point, UK consultants 
SustainAbility have argued that the financial community should be playing 'a 
pivotal role' in asking more questions and requiring fuller financial 
disclosure by companies both to screen investments and minimise risk as well 
as encouraging the use of greater benchmarking in company reports.
The banking sector is now being confronted with both the consequences of 
environmental policy and the opportunities it presents. However, in order to 
provide new ecological services they will need appropriate tools.
The intention for the special issue of GMI is to present perspectives and 
case studies both from the financial services sector and academia from across 
the world in order to try to evaluate progress and provide answers on the 
sort of tools that may be useful in improving performance.
The editors are particularly interested in papers that address:

 The assessment of environment-related risk. 
 The development of environment/social-related products and services, such 
as green or ethical investment funds, or loans for environmental improvement 
projects. 
 Internal operational policies and practices. For example: property 
management; procurement; waste management and energy management. 
 Environmental training 
 Customer and stakeholder awareness-raising and communications, including 
both the reporting of environmental performance and the use of sponsorship. 
 Environmental investment and lending in developing countries - particularly 
with regard to technology transfer. 
 Environmental investment and lending in clean technologies, such as 
renewable energy. 
 The implications of climate change on banking policies 
 The role of international organisations

Schedule
Abstracts of 200-300 words should be sent to Dr Jan Jaap Bouma prior to 30 
June 1999. These should ideally be sent as e-mail attachments. Contributors 
whose abstracts are felt appropriate for the project will be invited to 
submit full papers for publication in the 'special issue' of 'Greener 
Management International' by 1 October 1999, which is scheduled for 
publication in November 1999.
For further information or to discuss ideas for contributions, please contact 
the Guest Editor contact point:

Dr Jan Jaap Bouma 
Erasmus Centre for Environmental Studies 
Erasmus University Rotterdam 
PO Box 1738 
3000 DR Rotterdam 
The Netherlands 
Tel: +31 10 408 2050 
Fax: +31 10 408 9104 
E-mail: bouma@mil.fsw.eur.nl

Sample copies of 'Greener Management International' and contribution 
guidelines relevant for the project can be obtained from:

John Stuart 
Managing Director 
Greenleaf Publishing 
Aizlewood Business Centre 
Aizlewood's Mill 
Sheffield S3 8GG 
UK 
Tel: +44 (0)114 282 3475 
Fax: +44 (0)114 282 3476 
e-mail: greenleaf@worldscope.co.uk 
http://www.greenleaf-publishing.com