From Demand to Impact: Can Sustainable Banking Services Advance UN Sustainable Development Goals?

IF 13.3 1区管理学 Q1 BUSINESS Business Strategy and The Environment Pub Date : 2025-01-28 DOI:10.1002/bse.4142

Shilpa Taneja, Ahsan Siraj, Kaliyan Mathiyazhagan, Sangeeta Khorana

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Abstract

In response to growing climate change debate and sustainability concerns, business organizations must adopt relevant sustainable strategies aligning with the United Nations Sustainable Development Goals (UN-SDGs). Extant research examines integration of sustainability in banking and finance, but demand-side mechanisms influencing sustainable banking remain underresearched. With a mixed-method approach, we analyse how consumers' adoption of sustainable banking services can be augmented in order to contribute to the SDG attainment. We develop a model that integrates theory of planned behaviour (TPB), value-belief-norm, and goal framing theory. Using focus group discussions and structural equation modelling, the results indicate that TPB variables, environment-specific factors and altruistic values significantly influence adoption behaviour, with interesting mediating effects. We highlight the moderating role of biospheric, altruistic and hedonic values on linkage between intentions and behaviour. The study provides a comprehensive framework to assess demand-side perspective of sustainable banking and offers insights to managers and policymakers on strategies for promoting these services for sustainable development.

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从需求到影响：可持续银行服务能否推动联合国可持续发展目标？

为了应对日益激烈的气候变化辩论和可持续发展问题，商业组织必须采取与联合国可持续发展目标（UN - SDGs）相一致的相关可持续战略。现有的研究考察了银行和金融的可持续性整合，但影响可持续银行业务的需求侧机制仍未得到充分研究。通过混合方法，我们分析了如何扩大消费者对可持续银行服务的采用，以促进可持续发展目标的实现。我们开发了一个整合计划行为理论（TPB）、价值-信念-规范和目标框架理论的模型。采用焦点小组讨论和结构方程模型，结果表明TPB变量、环境特定因素和利他价值观显著影响收养行为，并具有有趣的中介效应。我们强调了生物圈、利他主义和享乐主义价值观对意图和行为之间联系的调节作用。该研究提供了一个全面的框架来评估可持续银行的需求侧观点，并为管理者和政策制定者提供了促进可持续发展服务的战略见解。

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来源期刊

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.