Environmental and Social Responsibilities of Banks : Global Perspective

The main objective of this paper is to examine the environmental and social responsibility practices of corporate firms from the global perspectives for the promotion of environmentally and socially responsible business activities by banks in global economies. Topics reviewed in this paper include environmental and social responsibility (ESR) models; economies and importance of adopting ESR in banking business; existing global standards and principles on ESR of banks and practices by banks in global economies. Finally, the authors attempted to suggest a guiding framework for introducing and improving ESR activities by banks in the light of available literature on ESR standards