Purpose

This paper aims to investigate how and to what extent the Fijian sustainable banking regulations or guidelines are designed, communicated, implemented and monitored within the financial system in Fiji. A scorecard is introduced for this purpose to assess the effectiveness of Fiji’s financial battle against climate change (FBACC).

Design/methodology/approach

This study uses a mixed-method methodology. Data were collected mainly from a survey and supplemented by interviews, observations and documents. The scorecard was developed by building on existing two theoretical frameworks, namely, the Sustainable Banking Assessment and Climate Change Governance Index, to make them more appropriate and practically applicable to less developed financial systems in emerging economies such as Fiji. This FBACC scorecard consists of four perspectives, eight critical factors and 24 criteria.

Findings

The results show that the overall FBACC score averages 40.75%, and all the perspectives scored below 50%, the benchmark. Only the CF “policy” scored 54.25% because of a high positive response of 82.3% for the “political leadership” criterion. The relative contributions of each perspective in constructing the overall score are distributed as 28%, 25%, 24% and 23% among planning, action, accountability and control, respectively.

Research limitations/implications

These results were complemented by the information shared during the interviews and confirmed that the existing political initiatives need to be effectively communicated and/or implemented in the financial system by the regulatory agencies.

Practical implications

This FBACC scorecard can be applied to other underdeveloped systems in emerging countries to assess the effectiveness of the sustainable banking regulations and/or guidelines in those countries in relation to the FBACC. It can also be applied to individual firms to assess their contribution to the FBACC.

Originality/value

To the authors’ best knowledge, this might be the first study in Fiji that considers the impact of climate-related financial risk on the Fijian financial system.

中文翻译：

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应对气候变化的金融战——使用记分卡评估有效性

目的

本文旨在调查斐济金融体系内如何以及在多大程度上设计、传达、实施和监督斐济可持续银行法规或准则。为此目的引入了记分卡，以评估斐济应对气候变化的金融斗争 (FBACC) 的有效性。

设计/方法/方法

本研究采用混合方法。数据主要来自调查，并辅以访谈、观察和文件。该计分卡是在现有的两个理论框架的基础上制定的，即可持续银行评估和气候变化治理指数，使其更适合和实际适用于斐济等新兴经济体的欠发达金融体系。该 FBACC 记分卡由四个观点、八个关键因素和 24 个标准组成。

发现

结果显示，FBACC 的整体得分平均为 40.75%，所有观点的得分均低于基准的 50%。只有 CF“政策”得分为 54.25%，因为“政治领导”标准的积极响应高达 82.3%。每个视角在构建总分中的相对贡献在计划、行动、问责和控制中分别分布为 28%、25%、24% 和 23%。

研究限制/影响

这些结果得到了访谈期间共享的信息的补充，并确认监管机构需要在金融系统中有效地传达和/或实施现有的政治举措。

实际影响

该 FBACC 记分卡可应用于新兴国家的其他欠发达系统，以评估这些国家与 FBACC 相关的可持续银行法规和/或指南的有效性。它也可以应用于个别公司来评估他们对 FBACC 的贡献。

原创性/价值

据作者所知，这可能是斐济第一项考虑气候相关金融风险对斐济金融体系影响的研究。