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dc.contributor.authorSaeudy, Mohamed
dc.contributor.authorAtkins, Jill
dc.contributor.authorBarone, Elisabetta A.V.
dc.date.accessioned2021-06-14T08:01:41Z
dc.date.available2022-09-02T00:00:00Z
dc.date.available2021-06-14T08:01:41Z
dc.date.issued2021-06-09
dc.identifier.citationSaeudy M, Atkins J Barone E (2021) 'Interpreting banks’ sustainability initiatives as reputational ‎risk management and mechanisms for coping, re-‎embedding and rebuilding soceital trust ‎', Qualitative Research in Financial Markets, 14 (1), pp.169-188.en_US
dc.identifier.doi10.1108/QRFM-02-2021-0024
dc.identifier.urihttp://hdl.handle.net/10547/625014
dc.description.abstractThe financial crisis and increasing concerns around climate change and global warming have combined to shatter societal trust in the banking sector worldwide. Consequently, there is an urgent need for banks to rebuild trust among their stakeholders and enhance their reputations. This paper contributes to a growing literature in sustainable and green banking by exploring the views of senior banking representatives towards the implementation of sustainability initiatives through extensive interview research. We explore the extent to which such initiatives are embedded within the banking industry, whether they represent risk management mechanisms and whether they are imbued with reputational risk management rather than a genuine response to ethical societal concerns. The interviewees’ utterances are interpreted through a sociological theoretical lens derived from the work of Giddens and Beck, allowing us to conclude that external initiatives such as the Equator Principles seem to be adopted as re-embedding mechanisms that can rebuild societal trust, as well as representing mechanisms of reputational risk management. Further, the analysis suggested that internal sustainability initiatives were interpreted as coping mechanisms whereby bank employees can recreate their protective cocoon, reinstating their ontological security in response to the high consequence risks of climate change and other related systemic factors that create overwhelming feelings of engulfment.en_US
dc.language.isoenen_US
dc.publisherEmerald Publishingen_US
dc.relation.urlhttps://www.emerald.com/insight/content/doi/10.1108/QRFM-02-2021-0024/full/html
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectbankingen_US
dc.subjectcorporate sustainabilityen_US
dc.subjectreputational risk managementen_US
dc.subjectsoceital trusten_US
dc.subjectSubject Categories::N310 Bankingen_US
dc.titleInterpreting banks’ sustainability initiatives as reputational ‎risk management and mechanisms for coping, re-‎embedding and rebuilding soceital trust ‎en_US
dc.typeArticleen_US
dc.contributor.departmentUniversity of Bedfordshireen_US
dc.identifier.journalQualitative Research in Financial Marketsen_US
dc.date.updated2021-06-14T07:58:15Z
dc.description.notezero embargo once pub date known
refterms.dateFOA2021-09-02T00:00:00Z
atmire.accessrights


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