Environmental Disclosure Practice in the Serbian Banking Sector

Hanić, Aida and Jovanović, Olivera and Stevanović, Slavica (2021) Environmental Disclosure Practice in the Serbian Banking Sector. Management : journal of contemporary management issues, 26 (2). pp. 115-144. ISSN 1331-0194

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Abstract

This paper aims to: a) analyse the environmental disclosure practice in the Serbian banking sector, b) determine whether the degree of
disclosure is higher in the case of big, i.e. systemically important banks, and c) examine if there
is a positive relationship between the banks’ CSR
practice and their financial performance. The
environmental disclosure index (EDI) based on 15
variables was employed to measure environmental disclosure performance for the Serbian banking industry. The data were generated through
content analysis of the annual and sustainability
reports of a total of 10 banks, five of which were
classified as systemically important banks for the
period 2015-2019. The sample was determined
by the availability of reports for the analysed period and the bank establishment year. The results
show that the majority of Serbian banks discloses
their environmental policy (74%), the undertaken environmental activities with the local community (51%), and the utilization efficiency of water,
energy, and paper (48%). Although the findings
indicate that the environmental disclosure practice among all banks in Serbia is growing, the reports are not standardized. In addition, the systemically important banks in Serbia do not have
a better disclosure practice. The econometric
analysis implies that the bank’s status does not
influence the level of environmental disclosure
and that there is no positive relationship between
financial performance (ROA and ROE) and EDI.
This study has implications for policymakers and
accounting bodies in Serbia in standardizing
non-financial reporting and creating certain green and sustainable banking guidelines.

Item Type:	Article
Additional Information:	COBISS.ID=54575625
Uncontrolled Keywords:	environmental disclosure, banking sector, content analysis, Serbia
Research Department:	Sustainable Development
Depositing User:	Jelena Banovic
Date Deposited:	10 Jan 2022 16:39
Last Modified:	10 Jan 2022 16:39
URI:	http://35.240.28.64/id/eprint/1726
Author Links:	[error in script] No links available.

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