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Archive » May 2015 » The heterogeneity of the environmental disclosure by financial intermediaries

The heterogeneity of the environmental disclosure by financial intermediaries

Adalberto Alberici, Francesca Querci
May 2015 - n. 5
Jel codes: G20, Q56

We investigate the level and heterogeneity of the environmental disclosures made by financial intermediaries (FIs) whose sustainability reports are compliant to the Global Reporting Initiative's guidelines. Focusing on 129 FIs worldwide, we identify four clusters of disclosers. We also analyze their profile, finding that FIs' size and operating profitability impact on their environmental disclosures. Interestingly, the economic wealth and the environmental performance of FIs' home country play an important role too

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