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Dear Colleagues,

We are pleased to guest edit the following CFP:

*"Sustainable Banking: Issues and Challenges"*

Guest editors: FJ Forcadell & E Aracil

Details as follows:
https://www.mdpi.com/journal/sustainability/special_issues/Sustainable_Banking


Deadline for manuscript submissions: 31 January 2020

Banking Services constitute a traditionally pre-eminent sector in the
global economy, whether measured by their size, numbers, or influence in
world development and other industries. Furthermore, in recent years this
industry has received growing attention by practitioners due to the
dramatic changes in the competitive environment. In particular, established
banks confront strong competitive pressures from new entrants and new
customer demands. These trends urge banks to react via sustainability
(Bravo et al, 2009; Babic-Hodovic et al, 2011; Pérez & Rodríguez del
Bosque, 2013; Walsh et al, 2014; Brammer et al, 2015). Sustainable
strategies become a distinctive factor, especially under conditions of
increased competition and product standardization (Bhattacharya & Sen,
2004) as is happening in the banking sector (Bravo et al, 2009). In this
manner, banks have embraced sustainability as a new competitive arena
(Pomering & Dolnicar, 2009).

However, the commitment towards sustainability is not new in the industry.
Banking represents one of the most active sectors in sustainability
involvement, as early signatories of the Equator Principles, and with a
weight of 18% in the Dow Jones Sustainability Global Indexes. Yet, over the
past decade banks have strengthened their sustainable actions. Some authors
are skeptical of these initiatives, and posit that they are likely prompted
by consumer disaffection after the 2008 financial crisis (Pomering &
Dolnicar,2009), as sustainable behavior restores or builds bank reputation
(Forcadell & Aracil, 2017a; Tran, 2014). Similarly, banks’ sustainable
strategies may well be a reaction to the growing influence of non-state
stakeholders such as NGOs and highly empowered individuals that pressure
the sector to behave according to the Environmental, Social, and Governance
(ESG) criteria and the Triple Bottom Line (Elkington, 1998). Nevertheless,
this sector is paramount in the funding of sustainable initiatives (Yip &
Bocken, 2018), because banks may pressure their clients to comply with
specific social or environmental targets. In this respect, finance may well
constitute a key sector that contributes to accelerating advancement in the
societal grand challenges (Buckley et al, 2017). Moreover, the banking
sector may contribute directly and indirectly to the achievement of the
UN’s Sustainable Development Goals—the most ambitious global agenda ever to
pursue sustainability. In this respect, even though financial inclusion is
not a Goal by itself, it may well favor the accomplishment of the major
Goals (Klapper et al, 2016), especially in developing countries (Forcadell
& Aracil, 2017b; 2019). Finally, financial digitization has become the main
transformation lever of the industry, with the potential to reduce the
number of those without access to financial services (Costa & Ehrbeck,
2015).

This Special Issue aims to gather a collection of studies delving into the
role that sustainability exerts in the banking sector, and vice-versa. We
are particularly interested in how sustainability changes—and
challenges—the core business in banking. Additionally, we also encourage
studies that analyze how banks can contribute to the sustainability of the
planet, that is, financial inclusion strategies based on new payment
technologies, the impact that digital banking may have in increasing access
to financial products and enhance sustainable development. In addition, we
welcome studies that approach banks’ sustainable strategies as part of a
multi-stakeholder process and partnerships with state and non-state actors.
Finally, contributions may well consider multinational banks from different
regions, and how the home and host countries influence their sustainability
approach.

We welcome empirical and theoretical studies that aim to understand,
accelerate, and materialize the interplay between sustainability and
finance. We invite you to submit interdisciplinary and novel research on
the issues and challenges associated with sustainable banking.

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