The literature on sustainable banking has been prolific since the beginning of the century. This context prompts the need to understand and categorize an increasingly heterogeneous body of sustainable banking literature. We perform a literature review using bibliometric techniques of 676 articles published between 1995 and 2019 in the Web of Science (WoS) database. Our results provide a perspective on the evolution of the sustainable banking literature over time and across academic categories and journals. An integrative framework emerges from the review, providing a comprehensive perspective of the nine clusters or thematic areas in sustainable banking literature embedded in three domains: Ethical Foundations, Sustainable Products, and Business-Case. The framework integrates the rich literature on sustainable banking, maps the predominant research areas, and highlights the primary research gaps. Finally, the literature review demonstrates a progressive convergence of the instrumental and ethical approaches to sustainable banking. This convergence highlights the importance of both the vivid societal debate around the role of banks in the advancement toward sustainability and the business rationale for banks to engage in sustainable strategies.Sustainable bankingBanksCo-word analysisEthicsGreen bondsMicrofinanceSustainable responsible investment.
Keywords: Sustainable banking; Banks; Co-word analysis; Ethics; Green bonds; Microfinance; Sustainable responsible investment
Resumen divulgativo: Sistematizamos la literatura de banca sostenible en torno a tres dominios: Ética, Productos sostenibles y Estrategia. Los resultados muestran convergencia entre el impulso a los SDG por parte de los bancos (Normativo) y la justificación empresarial de sus estrategias sostenibles (Instrumental).
Índice de impacto JCR y cuartil WoS: 3.527 - Q1 (2019)
Referencia DOI: 10.1016/j.frl.2021.101932
Publicado on-line: Enero 2021.
E. Aracil, J.J. Nájera-Sánchez, F.J. Forcadell. Sustainable banking: a literature review and integrative framework. Finance Research Letters. [Online: Enero 2021]