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이슬람 가치가 은행의 ESG 성과에 미치는 영향

The Impact of Islamic Values on Banks’ ESG Performance

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초록

기업의 사회적 책임(CSR)과 환경·사회·지배구조(ESG) 이슈는 금융 시장에서도 많은 관심을 받고 있다. 이에 실무와 학술 분야에서 은행의 CSR 및 ESG 경영이 차지하는 중요성이 커지고 있으며, 관련 논문도 증가하고있다. 이슬람 원칙이 사회경제적 정의를 강조하고 자원 남용을 금지한다는 점에서 CSR 및 ESG 원칙을 담고 있다고 주장하는 이론적 연구가 많다. 이에 본 연구는 이슬람 가치가 은행의 ESG 성과에 미치는 영향을 실증적으로 살펴본다. 본 연구 결과 이슬람 가치가 은행의 ESG 성과를 높이는 데중요한 역할을 하는 것으로 나타났다. 특히 이슬람 경제, 법률·거버넌스, 인권·정치 권리 가치는 은행의 환경·사회 측면에 유의한 영향을 미쳤다. 또한, 이슬람 은행의 ESG 성과는 이슬람 가치의 영향을 더 많이 받았다. 본 연구의 결과는 정책입안자에게 유의한 정책적 시사점을 제공할 것으로 기대된다.

Abstract

The corporate social responsibility (CSR) and environmental, social and governance (ESG) issue has drawn global interest in financial markets. Many theoretical studies argue that Islamic principles connote the CSR and ESG principles as they emphasise socio-economic justice and prohibit the abuse of property. Therefore, the current study aims to empirically examine the impact of Islamic values on banks’ ESG. This study finds that Islamic values and principles play a crucial role in the increase of banks’ ESG performance. In particular, Islamic economy, law and governance, and human and political rights values significantly affect the environmental and social aspects of banks ESG. Secondly, Islamic banks’ ESG performance is more affected by Islamic values.

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