Institutional Capacity in Sustainable Policy Implementation – Selected Practice from the Serbian Banking Sector

Sladjana Sredojević – Association of Serbian Banks, Boulevard Kralja Aleksandra 86/II, 11000 Belgrade, Serbia; European Association for Training in Banking EBTN, Avenue des Art 56, 1000 Brussels, Belgium

Abstract: Sustainability as an official paradigm of both the business com­munity and public sector worldwide is embedded in the strategies of insti­tutions. In order to be ready and capable of acting in this manner, to meet the growing and sophisticated needs of clients, and green transformation of economies, i.e. to make a positive impact, the banking sector is being trans­formed at the same time experiencing significant changes requiring a prop­er set of skills. In combination with empirical and desk research, a compar­ative analysis of selected international practices and the banking sector of Serbia has been done. Research has a goal to analyze relevant components of the institutional capacity as the precondition for the successful imple­mentation of ESG and sustainable finance policies. Findings of the research show that banks allocate lending to various sectors with strong green im­pact and are active in building and strengthening capacities, including re­liance on partnerships and collaborations with other partner institutions, such as international financial institutions and national banking associa­tions. Good practice on Guidelines for capacity strengthening in the imple­mentation of sustainability and ESG policies from the local banking market, as a result of partnership in the banking sector, will be disclosed.

8th International Scientific Conference – EMAN 2024 – Economics and Management: How to Cope With Disrupted Times, Rome, Italy, March 21, 2024, CONFERENCE PROCEEDINGS, published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-83-7, ISSN 2683-4510, DOI: https://doi.org/10.31410/EMAN.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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Additional Reading

Banks Association of Turkey (2021). Sustainability Guidelines for the Banking Sector https://www.tbb.org.tr/sustainability/index.html 

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