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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
• Opportunities to develop new financial products and services linked to
environmental or social performance.
• Pressures from both corporate and retail customers to demonstrate sound
• 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
• 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
• The implications of climate change on banking policies
• The role of international organisations
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
Tel: +31 10 408 2050
Fax: +31 10 408 9104
Sample copies of 'Greener Management International' and contribution
guidelines relevant for the project can be obtained from:
Aizlewood Business Centre
Sheffield S3 8GG
Tel: +44 (0)114 282 3475
Fax: +44 (0)114 282 3476