Theoretical and Applied Economics
No. 6 / 2006 (501)
Banking Activity for Sustainable Development
Fundatia „Two Wings” AIESEC Austria
Ion Stancu
Academia de Studii Economice Bucuresti
Abstract. The corporations gain a power of influence, unthinkable years ago; they have acquired more and more rights and, in some way, govern the life of billions of peoples and of the earth in general. With every right, comes though the responsibility of the conservation and development of the environment in which the corporations act. The banking system has a major role to play in the evolution of the international framework, given its position on the economic stage. Some important banking groups realized this fact and made important steps in the area. The case study of the Holland banking group ABN AMRO proves the complexity of the introduction of sustainable development in the core of the financial business. The implementation is neither easy nor cheap. It implies essential changes in the bank management, in the way to determine the financial policies, in how to choose the clients, the employees, the suppliers etc. Led in an efficient way, sustainable banking implies innovation, creativity and, implicitly, new gains, through creating new products and opening new markets. The international banking community proved, through leading examples (ABN AMRO Bank, HSBC Group, Rabobank Group, JP Morgan Chase, Citigroup etc.) that it understands the importance, the necessity and also the viability of the sustainable development.
Keywords: sustainable development; sustainable banking & Finance; Equator Principles, Dow Jones Sustainability Group Index & FTSE4Good Index; ecological, social and ethical responsibilities.
Contents
- Synthetic Analysis about Single-Criterion and Multi-Criterion Financial Assets Portfolio
Leonardo Badea
-
About Knowledge Society Pillars in Romania
Ion Gh. Rosca
- Adjusting Shocks
Management in Euro Zone. The Asymmetrical Impact
of the ECB Monetary Policy
Marius-Corneliu Marinas
-
Banking Activity for Sustainable Development
Alexandra Eremia
Ion Stancu
- Engineering and Re-engineering Model of the Proceses for Implementing Quality Management System in Small and Medium Enterprises
Ion Ionita
Cosmin Dobrin
Mihai Mieila
- Economics of Corruption. The Equilibrium, Political and Social Determinations
Ani Matei
Lucica Matei
- Controversies Regarding Goodwill Evaluation, Depreciation and Recording Policies
Niculae Feleaga
Liliana Feleaga
-
TRIPs Agreement, Important Multilateral WTO Treaty
Oana-Maria Florescu
-
Cultural Impacts in Managerial Accounting
Flavius Guinea
- Some
Aspects Regarding Banking Risk Management
Lavinia Vasile
- Human Development – Qualitative Dimensions
of a Globalized World
Petru Stefea
Marilen Pirtea
- Trends in Banking System Globalization
Emanuela Mihaela Savu
-
Migration Process Evolution in Europe
Carmen Tudorache