The purpose of this paper is to investigate how banks' climate strategies affect environmental performance. To extend this line of research, the carbon disclosure of worldwide banks is examined. In particular, we focus on specific governance strategies: board of director monitoring and managerial incentives. Panel data are employed on a sample taken from 330 bank-year observations in the period after the financial crisis. The results show an increase in environmental performance through the implementation of managerial incentives related to climate change, associated with the highest level of responsibility of the board of directors. Overall, the present study contributes to both the academic literature and corporate governance, highlighting the importance of banks' business strategy on climate change risks and opportunities with respect to environmental performance goals.

中文翻译：

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银行的经营战略和环境效益：董事会的监督作用和管理激励

本文的目的是调查银行的气候战略如何影响环境绩效。为了扩展这方面的研究，对全球银行的碳披露进行了检查。我们特别关注具体的治理策略：董事会监督和管理激励。面板数据的样本来自金融危机后的 330 个银行年度观察结果。结果表明，通过实施与气候变化相关的管理激励措施，环境绩效得到了提高，这与董事会的最高责任水平相关。总的来说，本研究对学术文献和公司治理都有贡献，突出了银行的重要性。