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What is Deposit Money Banks

Handbook of Research on Climate Change and the Sustainable Financial Sector
Also referred to as banks in this chapter, are financial organisations that carry out the functions of funds safety, loan administration, financial advisory, among others.
Published in Chapter:
SDG 13 and Environmental Governance in the Nigerian Financial Sector
Temiloluwa O. Akinsola (Bowen University, Nigeria & University of Johannesburg, South Africa) and Michael Olajide Adelowotan (University of Johannesburg, South Africa)
DOI: 10.4018/978-1-7998-7967-1.ch004
This chapter examines how the board of directors of financial organisations and the regulatory bodies have responded to climate change as it has occurred over time, with particular reference to the banking sector in Nigeria. It reflects on the Sustainable Development Goal (SDG) 13, which is about taking urgent action to combat climate change and its impacts by both banks and government regulatory organisations. The chapter is hinged on the triple-bottom line theory and considered various existing international environmental initiatives, and how Nigerian banks have responded to them. The chapter concludes that though a lot has been done by the Nigerian banks to act on initiatives towards climate change, there is more to be done on the part of the board of directors and the regulatory authorities of the listed banks considered.
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