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How should banks govern the environment? Challenging the construction of action versus veto

Coulson, A.B. (2009) How should banks govern the environment? Challenging the construction of action versus veto. Business Strategy and the Environment, 19. pp. 149-161. ISSN 0964-4733

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Abstract

Over the last two decades, banks have been developing environmental credit risk assessment policies and procedures. Today, even NGOs who had been at the forefront of campaigns naming and shaming bad practices acknowledge banks are taking environmental risk management seriously. Nonetheless, they now challenge banks to go further, advocating a no harm approach based on a so-called veto of investments. The author draws a post-structuralist position on risk perception to argue a characterization of environmental governance in terms of action and veto may mislead debate. Instead, the author proposes the starting point for debate on the part banks can play in governing the environment lies in mutual agreement on precautionary action.

Item type: Article
ID code: 4716
Keywords: banks, NGOs, credit, risk, governance, environment, Finance, Environmental Sciences
Subjects: Social Sciences > Finance
Geography. Anthropology. Recreation > Environmental Sciences
Department: Strathclyde Business School > Accounting and Finance
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 13 Nov 2007
    Last modified: 22 Mar 2013 11:56
    URI: http://strathprints.strath.ac.uk/id/eprint/4716

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