Determinants and recent development of sustainability reporting of banks in developing countries: The case of Bangladesh

The paper reports recent initiatives and development of sustainability reporting from the banking sectors of a developing country (specifically from Bangladesh). It also identifies potential factors that could influence sustainability reporting in the context of banks in Bangladesh. A theoretical framework has been developed through the lens of new institutional sociology (NIS), strategic response and legitimacy theory. The framework could be useful to understand factors that stimulate commercial banks of Bangladesh in respect of sustainability reporting practices. Moreover, the framework would encourage academics to test empirically in future

Social Risk

The risk is defined as the possibility that events will occur and affect the achievement of strategy and business objectives. To mitigate risk, companies have to develop risk management systems. Risk management systems fundamentally aim to address uncertainty in the market place. Their primary goal is to create controls and countermeasures that minimize or eliminate the disruption, loss, or damage to business operations and shorten the recovery time from an unwanted event and, thereby, reducing its impact on business