SUSTAINABLE BANKING: A CASE STUDY IN ECUADOR

Authors

  • Diego Raza Carrillo Universidad Andina Simón Bolívar https://orcid.org/0000-0003-3258-6344
  • Wilson Enrique Araque Jaramillo Universidad Andina Simón Bolívar – Ecuador
  • David Alexander Grey Castillo Banco Pichincha

DOI:

https://doi.org/10.37135/kai.03.11.06

Keywords:

banking, environmental management, sustainable development

Abstract

Based on interviews with representatives of the analyzed bank and the review of its environmental performance documentation, its main initiatives to reduce its environmental impact and that of its clients were identified. In particular, the "biocredit" strategy is reviewed and its results are presented in three indicators: reduction of CO2 emissions, reduction of water consumption and reduction of energy consumption. The results were taken from the reports of the environmental certifiers that review the bank's management, from the verification carried out by auditors and from its sustainability report. Significant levels of reduction were found in the three indicators, which confirms the need to implement these initiatives in banking in a more widespread and sustained manner.

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Published

2023-07-14

How to Cite

Raza Carrillo, D., Araque Jaramillo, W. E., & Grey Castillo, D. A. (2023). SUSTAINABLE BANKING: A CASE STUDY IN ECUADOR. Kairos: Journal of Economy, Law and Administrative Sciences, 6(11), 105–125. https://doi.org/10.37135/kai.03.11.06