Abstract
The main aim of the article is to explore changes taking place in ESG risk management in the Polish banking sector. The following research methods were used: in-depth literature studies, desk research methods, questionnaire survey methods, case study analyses, and observation and synthesis methods. The article verified the adopted research hypothesis, stating that knowledge and awareness of the importance of ESG risk in commercial banks in Poland increased, which is reflected in practical activities related to their bank risk management systems. The research that was conducted showed that Polish banks are increasingly aware of the ESG risk and the need for their inclusion in risk management processes. This inclusion takes place through various channels. However, an important aspect of this system is the assessment of banks' exposure to ESG risk. Commercial banks in Poland use mainly qualitative methods, although they also recognise quantitative ones to measure the scale of ESG risk taken.
Publisher
Fundacja Ekonomistow Srodowiska i Zasobow Naturalnych
Reference53 articles.
1. Alberti, M. (1996). Measuring urban sustainability. Environment Impact Assessment Review, 16, 381-424.
2. BIS. (2011). Basel III: A global regulatory framework for more resilient banks and banking systems. https://www.bis.org/publ/bcbs189.htm
3. BIS. (2021). Principles for the effective management and supervision of climate-related financial risks. https://www.bis.org/bcbs/publ/d532.htm
4. Bisias, D., Flood, M., Lo, A. W., & Valavanis, S. (2012). A Survey of Systemic Risk Analytics. https://www.financialresearch.gov/working-papers/files/OFRwp0001_BisiasFloodLoValavanis_ASurveyOfSystemicRiskAnalytics.pdf
5. Bocian, A. F. (2009). Implementacja idei zrównoważonego rozwoju w procesie globalizacji. In B. Poskrobko (Ed.), Zrównoważony rozwój gospodarki opartej na wiedzy (pp. 146-165). Białystok: Wydawnictwo Wyższej Szkoły Ekonomicznej w Białymstoku. (in Polish).