Environmental Credit: analysis for credit concession from the perspective of socioenvironmental responsibility
Abstract
Companies have received strong pressure from society and environmental defense institutions with respect to their environmental risks. As one of the main resource providers for funding business expansion, banks play a relevant role and have attempted to adapt themselves to legal and social requirements, adopting environmental requirements in their credit concession policies. This study aims to identify if Brazilian banking institutions have specific environmental credit lines or products and the type of information required for their concession. An exploratory and descriptive study was carried out. The procedure adopted for data collection was a survey, using questionnaires applied to a sample of ten institutions. As a result, it could be identified that 57.14% of the sample banks have conceded credits to meet their clients’ environmental needs. Environmental legislation, the Equator Principles, financial statements and the Environmental Impact Report have been used in the credit analyses. Moreover, the limited use of Environmental Auditing and environmental performance indicators stands out.
Key words: environmental credit, Banks, Equator Principles.
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