Ryzyko ESG a skłonność banków do finansowania przedsiębiorstw

Leszek Borowiec; Żaneta Broczkowska

doi:10.26354/bb.5.3.100.2025

Published : 2025-11-05

Vol. 100 No. 3 (2025)

ESG Risk and Banks’ Propensity to Finance Enterprises

Leszek Borowiec

https://orcid.org/0000-0002-6113-9191

Żaneta Broczkowska

DOI: https://doi.org/10.26354/bb.5.3.100.2025

Abstract

Sustainable development is present in literature and practice, and regulations require reporting,
even in cases where the actual willingness to achieve the goals and objectives of
this concept is limited. This applies particularly to reporting on the implementation of ESG
objectives. Relatively little is known about the impact of a company’s ESG information on
third parties, especially in the area of providing ..inancing. The aim of this study is to assess
the impact of a company’s ESG information on the risk assessment of its ..inancing by banks.
This article tests the hypothesis that ESG information disclosed by a company is crucial for
assessing the possibility of banks providing ..inancing. The article conducts a critical analysis
of literature, legal acts, and internal bank documents regarding ESG. Finally, available industry
reports are used. In addition to the issue of granting or not granting ..inancing through
the prism of the applied creditworthiness criteria, special attention is paid to assessing the
ESG risk – the loss of value of accepted collateral (e.g., real estate). From the perspective
of companies, the research results support the conclusion that ESG risk management, depending
on the effectiveness of this process, can mitigate the negative impact on an entity’s
creditworthiness.

The article uses a critical analysis of literature and legal acts. An assessment was made of internal regulations of banking institutions in the studied scope as well as few industry reports. The scope of the article refers to the impact of ESG risk on the assessment of the creditworthiness of business entities and the assessment of the possible loss of value of accepted collateral (e.g. real estate). The research results allow us to conclude that ESG risk management, depending on the efficiency of this process, may limit the negative impact on the assessment of the creditworthiness of the entity.

Keywords:

sustainable development, ESG reporting (environmental, social, governance), bank, credit, creditworthiness

JEL Codes

G15, G18, G20, Q54

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Borowiec, L., & Broczkowska, Żaneta. (2025). ESG Risk and Banks’ Propensity to Finance Enterprises. Safe Bank, 100(3), 67–92. https://doi.org/10.26354/bb.5.3.100.2025

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