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Sustainable business model for climate finance. Key drivers for the commercial banking sector

Year: 2022
Type: article
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.
DOI: 10.1016/j.jbusres.2022.113446
Language: English
Subfield: Finance
Open Access status: hybrid
Estimated APC paid: $3,440
OpenAlex ID: W4309474160
FWCI: 7.143
Cites: 79
Cited by: 55
Related to: 10