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The role of finance towards a more sustainable development: a study on reputational risk management atcommerzbank AG
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This paper examines the idea of the financial sector as a catalyst for a more sustainable development. It discusses the specific role of financial institutions fostering and facilitating more sustainable business practices. In order to understand how financial intermediaries can address sustainability issues in their core business, a comprehensive analysis of the reputational risk management at Commerzbank AG has been conducted. Based on this analysis the paper identifies key elements for sound ESG risk management and introduces recommendations to the processes at Commerzbank. The research is following a qualitative approach based on expert interviews and a comprehensive literature review.
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Finance and sustainability ESG risk Commerzbank AG Sustainable development