ESG as a Tool for Sustainable Governance and Financial Stability in the Banking Sector
ESG as a Tool for Sustainable Governance and Financial Stability in the Banking Sector

Author(s): Petar Kirov
Subject(s): Economy, National Economy, Supranational / Global Economy, Business Economy / Management, Financial Markets, Public Finances
Published by: Икономически университет - Варна
Keywords: ESG; environmental; social; governance; commercial banks; green deal; sustainable banking; risk management; corporate sustainability; financial stability; communication; Bulgaria
Summary/Abstract: This report examines the role and significance of ESG (Environmental, Social, Governance) factors in the operations of commercial banks in Bulgaria in the context of the European Union’s Green Deal and the increasing regulatory requirements. The main ESG components and their intersections with banking activities are analyzed, as well as their impact on financial stability, risk management, reputation, and trust in the banking sector.The report systematizes key principles of sustainable governance and stakeholder communication strategies, with a particular focus on practical steps for the effective integration of ESG into banking policies and processes. The conclusions indicate that sustainable ESG management is a dynamic and continuous process and represents an important prerequisite for the long-term stability and competitiveness of commercial banks.

• Details
• Contents