Assessing resilience in banking: the influence of ESG on credit risk during economic crises
銀行のレジリエンス評価：経済危機時の信用リスクに対するESGの影響 (AI 翻訳)
Lavinia Conca, Pierluigi Toma, C. Colamartino, Francesco Campobasso
🤖 gxceed AI 要約
日本語
この研究は、金融危機と銀行セクターにおける持続可能性の関連性を探求し、特にESG開示が非 performing ローン（NPL）で測定される信用リスクを低減するかどうかを検証します。2009年から2019年のEU27カ国の192の上場銀行を対象に、パネル回帰モデルを用いて分析した結果、社会的開示スコアのみがNPLと有意に負の関係を示し、環境およびガバナンスの次元では有意な関係は見られませんでした。これは、社会的慣行の透明性が信用品質と金融安定性に寄与することを示唆しています。
English
This study explores the link between financial crises and sustainability in banking, examining whether ESG disclosure reduces credit risk measured by non-performing loans (NPLs). Using panel regression on 192 listed EU banks from 2009-2019, it finds that only the social disclosure score is significantly negatively associated with NPLs, while environmental and governance dimensions show no significant relationship. This suggests that transparency in social practices strengthens credit quality and financial resilience.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
ヨーロッパの銀行を対象としたこの研究は、日本の銀行にも示唆を与えます。特に、社会的開示の重要性が強調されており、日本でもSSBJや有価証券報告書におけるESG開示の拡充が進む中、信用リスク管理における社会的要素の考慮が有効である可能性を示します。
In the global GX context
This paper provides empirical evidence from European banks that social disclosure, rather than environmental or governance, reduces credit risk. This informs global sustainable finance discussions, especially for regulators and banks evaluating the materiality of ESG factors in credit risk assessment. It supports the integration of social factors in risk management frameworks like those under Basel III and EU banking supervision.
👥 読者別の含意
🔬研究者:This paper demonstrates that social disclosure is the key ESG dimension affecting credit risk, offering a nuanced view for future research on ESG materiality.
🏢実務担当者:Bank risk managers should prioritize social transparency initiatives as they directly correlate with lower NPLs and enhanced credit quality.
🏛政策担当者:Regulators should consider mandating specific social disclosure requirements to strengthen financial stability, as social factors appear more impactful than environmental or governance aspects.
📄 Abstract（原文）
This study explores the interconnection between financial crises and sustainability in the banking sector, highlighting how crisis scenarios expose systemic vulnerabilities and the resulting need for responsible risk management. In this context, the research investigates whether ESG disclosure reduces credit risk in European listed banks, measured through non-performing loans (NPLs). The study is based on a sample of 192 listed banks from the 27 European Union countries over the period 2009–2019. Panel regression models, supported by robustness tests, are employed to examine the impact of ESG scores considered both in their aggregated and disaggregated dimensions on credit risk. The social disclosure score is negatively and significantly associated with NPL levels, suggesting that greater transparency in social practices strengthens credit quality. By contrast, the environmental and governance dimensions show no significant relationships. This suggests that greater transparency in banks’ social practices can contribute to lower credit risk and improved financial stability. This research provides an original contribution by showing that, among the ESG dimensions, only social disclosure significantly reduces credit risk, as measured by NPLs. Based on a sample of European-listed banks in the post-crisis period, the evidence demonstrates that transparency in social practices is a strategic driver of credit quality and financial resilience. The research thus offers valuable insights for both policymakers and banking practitioners.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1108/mbe-03-2025-0041first seen 2026-07-18 07:48:24
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