<?xml version="1.0" encoding="UTF-8"?><xml><records><record><source-app name="Biblio" version="7.x">Drupal-Biblio</source-app><ref-type>17</ref-type><contributors><authors><author><style face="normal" font="default" size="100%">Weber, Olaf</style></author><author><style face="normal" font="default" size="100%">Fenchel, Marcus</style></author><author><style face="normal" font="default" size="100%">Scholz, Roland W.</style></author></authors></contributors><titles><title><style face="normal" font="default" size="100%">Empirical analysis of the integration of environmental risks into the credit risk management process of European banks</style></title><secondary-title><style face="normal" font="default" size="100%">Business Strategy and the EnvironmentBusiness Strategy and the Environment</style></secondary-title></titles><dates><year><style  face="normal" font="default" size="100%">2008</style></year></dates><volume><style face="normal" font="default" size="100%">17</style></volume><pages><style face="normal" font="default" size="100%">149-159</style></pages><language><style face="normal" font="default" size="100%">eng</style></language><abstract><style face="normal" font="default" size="100%">About 15 years ago, banks started to integrate environmental risks into their credit&lt;br/&gt;risk management procedures. In this article, a survey of the European banking sector&lt;br/&gt;focusing on the analysis of the integration of environmental risks into all phases of&lt;br/&gt;the credit risk management, rating, costing, pricing, monitoring and work-out, is presented.&lt;br/&gt;The integration of environmental risks into the whole credit risk management&lt;br/&gt;process is important because only then is an adequate risk management guaranteed.&lt;br/&gt;The results show that banks integrate environmental risks especially into the rating&lt;br/&gt;phase, but not in all phases of the credit management process, though this is&lt;br/&gt;recommendable because these risks influence all phases of the credit management&lt;br/&gt;process. Furthermore, significant differences in integrating environmental risks&lt;br/&gt;between banks that are signatories of the UNEP statement by banks on the environment&lt;br/&gt;and sustainable development and banks that had not signed this agreement so&lt;br/&gt;far could be found. Copyright © 2006 John Wiley &amp; Sons, Ltd and ERP Environment.</style></abstract></record></records></xml>