Over the last decade there have been signs that suggest financial institutions are considering the environmental impact of corporate borrowers as part of their investment decision. These developments mean that environmental considerations may now influence the level of financial support available for economic development and environmental management. This paper provides an overview of bank commitment to the environment and considers the potential implications of corporate environmental performance considerations within bank lending decisions. Research for the paper is based on a project currently being conducted as part of the UK Economic and Social Research Council's Global Environmental Change Programme. Central to the paper is a view on bank lending practice from Lloyds TSB Group plc.
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Coulson et al. (1999) studied this question.
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