Financial Institutions Facing the Challenge of the European Taxonomy of Sustainable Investments and the Circular Economy Disclosure

• Autores: Darío Benito Bentué, Miguel Marco Fondevila , Sabina Scarpellini
• Localización: UCJC Business & Society Review, ISSN-e 2659-3270, Vol. 19, Nº. 2, 2022, págs. 120-161
• Idioma: inglés
• Títulos paralelos:
  • Las entidades financieras ante el reto de la taxonomía europea de inversiones sostenibles y la información sobre economía circular
• Enlaces
  • Texto completo
• Resumen
  • español

    Ante la puesta en marcha de la “Taxonomía europea de inversiones sostenibles” en la Unión Europea, en este artículo se analiza en qué medida las entidades del sector bancario informan a inversores sobre la economía circular para contribuir a los objetivos de sostenibilidad. A tal fin se analizan las memorias de sostenibilidad de una muestra de bancos españoles y se estudia el uso de instrumentos como el renting para modelos circulares a través de una entidad financiera como caso de estudio.

  • English

    In the face of the European taxonomy of sustainable investments launched by the European Union, this paper analyses how entities within the banking sector inform about the circular economy to their stakeholders, to contribute to sustainability objectives. To this end, we have analysed the sustainability reports of a sample of Spanish financial institutions. Besides, the use of financial instruments for circular models such as renting has been analysed as a case study for a specific financial company

• Referencias bibliográficas
  • Aranda-Usón, A., Portillo-Tarragona, P., Marín-Vinuesa, L. M., & Scarpellini, S. (2019). Financial Resources for the Circular Economy...
  • Aranda-Usón, A., Portillo-Tarragona, P., Scarpellini, S., & Llena-Macarulla, F. (2020). The progressive adoption of a circular economy...
  • Biswas, N. (2011). Sustainable Green Banking Approach: The Need of the Hour. Business Spectrum, I(1), 32–38. http://admin.iaasouthbengalbranch.org/journal/1_Article5.pdf
  • Bocken, N. M. P., de Pauw, I., Bakker, C., & van der Grinten, B. (2016). Product design and business model strategies for a circular economy....
  • Bonifácio Neto, J., & Branco, M. C. (2019). Controversial sectors in banks’ sustainability reporting. International Journal of Sustainable...
  • Chang, W. F., Amran, A., Iranmanesh, M., & Foroughi, B. (2019). Drivers of sustainability reporting quality: financial institution perspective....
  • Darmandieu, A., Garcés-Ayerbe, C., Renucci, A., & Rivera-Torres, P. (2022). How does it pay to be circular in production processes? Eco-innovativeness...
  • De La Cuesta-González, M., Muñoz-Torres, M. J., & Fernández-Izquierdo, M. Á. (2006). Analysis of social performance in the Spanish financial...
  • Dewick, P., Bengtsson, M., Cohen, M. J., Sarkis, J., & Schröder, P. (2020). Circular economy finance: Clear winner or risky proposition?...
  • Di Vaio, A., Hasan, S., Palladino, R., & Hassan, R. (2022). The transition towards circular economy and waste within accounting and accountability...
  • Ellen MacArthur Foundation. (2015). Growth within: a circular economy vision for a competitive europe. In Ellen MacArthur Foundation, SUN...
  • Freeman, R. E. (2011). Some Thoughts on the Development of Stakeholder Theory. In Edward Elgar Pubblishing Limited (Ed.), Stakeholder Theory:...
  • Gambetta, N., Azcárate-Llanes, F., Sierra-García, L., & García-Benau, M. A. (2021). Financial institutions’ risk profile and contribution...
  • Gonçalves, B. de S. M., Carvalho, F. L. de, & Fiorini, P. de C. (2022). Circular Economy and Financial Aspects: A Systematic Review of...
  • GRI. (2021). Global Reporting Initiative Sustainability Reporting Standards. Global Reporting Initiative. https://www.globalreporting.org/standards/
  • Gunarathne, N., Wijayasundara, M., Senaratne, S., Kanchana, P. D. K., & Cooray, T. (2021). Uncovering corporate disclosure for a circular...
  • Harvey, B. (1995). Ethical banking: The case of the Co-operative bank. Journal of Business Ethics, 14(12), 1005–1013. https://doi.org/10.1007/BF00872116
  • Janik, A., Ryszko, A., & Szafraniec, M. (2020). Greenhouse gases and circular economy issues in sustainability reports from the energy...
  • Jayabal, G., & Soundarya, M. (2016). Green Banking: As Banks Initiative for Sustainable Development. International Journal of Management,...
  • Joseph, G. (2012). Ambiguous but tethered: An accounting basis for sustainability reporting. Critical Perspectives on Accounting, 23(2), 93–106....
  • Khan, O., Daddi, T., & Iraldo, F. (2020). The role of dynamic capabilities in circular economy implementation and performance of companies....
  • Marco-Fondevila, M., Llena-Macarulla, F., Callao-Gastón, S., & Jarne-Jarne, J. I. (2021). Are circular economy policies actually reaching...
  • Marín-Vinuesa, L. M., Portillo-Tarragona, P., & Scarpellini, S. (2021). Firms’ capabilities management for waste patents in a circular...
  • Meena, R. (2013). Green Banking: As Banks Initiative for Sustainable Development. Global Journal of Management and Business Studies, 3(10),...
  • Moneva, J. M., Archel, P., & Correa, C. (2006). GRI and the camouflaging of corporate unsustainability. Accounting Forum, 30(2), 121–137....
  • Opferkuch, K., Caeiro, S., Salomone, R., & Ramos, T. B. (2021). Circular economy in corporate sustainability reporting: A review of organisational...
  • Opferkuch, K., Caeiro, S., Salomone, R., & Ramos, T. B. (2022). Circular economy disclosure in corporate sustainability reports: The case...
  • Ozili, P. K. (2021). Circular Economy, Banks and Other Financial Institutions: What’s in it For Them? Circular Economy and Sustainability,...
  • Ozili, P. K., & Opene, F. (2021). The role of banks in the circular economy. SSRN Electronic Journal. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3778196
  • Palacios-González, M. M., & Chamorro-Mera, A. (2020). Attitudes towards socially responsible financial products: What do Spaniards know...
  • Pérez-Ruiz, A., & del Bosque, I. R. (2012). La imagen de responsabilidad social corporativa en un contexto de crisis económica: El caso...
  • Qureshi, M. A., Kirkerud, S., Theresa, K., & Ahsan, T. (2019). The impact of sustainability (environmental, social, and governance) disclosure...
  • Reglamento (UE) 2020/852 del Parlamento Europeo y del Consejo relativo al establecimiento de un marco para facilitar las inversiones sostenibles...
  • Salvioni, D., & Almici, A. (2020). Circular Economy and Stakeholder Engagement Strategy. Symphonya. Emerging Issues in Management, 1(1),...
  • Sanches, J. R., Trevisan, A. H., Seles, B. M. R. P., Castro, C. G., Piao, R. S., Rozenfeld, H., & Mascarenhas, J. (2022). Sustainable...
  • Scarpellini, S. (2022). Social impacts of a circular business model: An approach from a sustainability accounting and reporting perspective....
  • Sepetis, A. (2021). Sustainable finance and circular economy. In Circular Economy and Sustainability: Volume 1: Management and Policy (pp....
  • Zhelyazkova, V. (2021). The Role of Banks for the Transition to Circular Economy. In Circular Economy Recent Advances, New Perspectives and...