| Title |
Sustainable business model for climate finance. Key drivers for the commercial banking sector |
| ID_Doc |
33856 |
| Authors |
Grijalvo, M; García-Wang, C |
| Title |
Sustainable business model for climate finance. Key drivers for the commercial banking sector |
| Year |
2023 |
| Published |
|
| DOI |
10.1016/j.jbusres.2022.113446 |
| Abstract |
The identification of a reference framework-the sustainable business model structure-exposes a new tool for banks to reanalyse their business models and adapt to a climate-resilient economy. The identification was done by a combination of analysis of current literature with regard to common and sustainable business models, which indicated three key levers for commercial banks looking to boost climate: target, sustainable value proposition, and sustainable value creation. Through a case study comparing the application of sustainable business model structure to a selection of five global banks, a collection of best practices was gathered to improve a bank's profitability while reducing its clients and its own contribution to climate change. These banks were chosen through a series of criteria that ensure their eligibility as global commercial banks undergoing a business model transition to adapt to a climate-resilient economy. |
| Author Keywords |
Sustainable Business Model Structure; Sustainable development; Climate finance; Banks Sustainable Development Goals (SDG) |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Social Science Citation Index (SSCI) |
| EID |
WOS:000911172200023 |
| WoS Category |
Business |
| Research Area |
Business & Economics |
| PDF |
https://doi.org/10.1016/j.jbusres.2022.113446
|