The Application of ESG requirements of European Regulations in Banks in Bulgaria: Main Problems Cover Image

Прилагането на ЕSG изискванията на европейските регулации в банките в България: основни проблеми
The Application of ESG requirements of European Regulations in Banks in Bulgaria: Main Problems

Author(s): Virzhiniya Zhelyazkova, Sneji Slavova
Subject(s): Economy, Law, Constitution, Jurisprudence, National Economy, Business Economy / Management, Financial Markets, EU-Legislation
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: ESG; banking risks; disclosures; sustainable development
Summary/Abstract: In recent years, there has been a rapid growth in the number of European Union regulations in the field of the implementation of environmental, social and governance (ESG) policies by banks. The rapid pace of their introduction is due to the EU’s aspIn recent years, there has been a rapid growth in the number of European Union regulations in the field of the implementation of environmental, social and governance (ESG) policies by banks. The rapid pace of their introduction is due to the EU’s aspiration to play the role of a leader in sustainable development policy globally. However, this ambitious goal poses a number of practical problems for banks in Bulgaria as well, and in this report the authors seek to outline the main ones, guided by the understanding that knowing the problems is the first step towards solving them.