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Open Access research with a European policy impact...

The Strathprints institutional repository is a digital archive of University of Strathclyde's Open Access research outputs. Strathprints provides access to thousands of Open Access research papers by Strathclyde researchers, including by researchers from the European Policies Research Centre (EPRC).

EPRC is a leading institute in Europe for comparative research on public policy, with a particular focus on regional development policies. Spanning 30 European countries, EPRC research programmes have a strong emphasis on applied research and knowledge exchange, including the provision of policy advice to EU institutions and national and sub-national government authorities throughout Europe.

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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.