An Assessment of Sustainable Banking Performance in Sub‐Saharan Africa—Does Doing Good and Doing Well Go Hand in Hand?

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Title: An Assessment of Sustainable Banking Performance in Sub‐Saharan Africa—Does Doing Good and Doing Well Go Hand in Hand?
Authors: Appiah, Adwoa1 (AUTHOR) a7appiah@uwaterloo.ca, Weber, Olaf2 (AUTHOR), ElAlfy, Amr1 (AUTHOR), Vitalis, Adam3 (AUTHOR)
Source: Corporate Social Responsibility & Environmental Management. Sep2025, Vol. 32 Issue 5, p6283-6300. 18p.
Subject Terms: *Sustainability, *Sustainable investing, Financial performance, Benchmarking (Management), Regression analysis, Management philosophy, Social impact assessment, Sub-Saharan Africans
Geographic Terms: Africa
Abstract: This paper evaluates sustainable banking performance and its relationship with financial performance among 99 banks across six Sub‐Saharan Africa (SSA) countries. Prior research has shown that there are limited studies on benchmarking sustainable banking performance, and the relationship between sustainable banking and financial performance remains inconclusive. We conducted a benchmarking of sustainable banking performance using a 44‐indicator framework and a 4‐stage ranking system. Regression analysis is used to examine the relationship between sustainability and financial performance. Results indicate that most banks in SSA are in the early stages of adopting sustainable banking practices. A positive relationship exists between sustainable banking performance and financial performance. This finding aligns with good management theory. This win–win situation offers a compelling case for banks to integrate sustainability into their core strategies, creating economic value while addressing social and environmental challenges. Banking regulators can leverage sustainable banking to implement regulations that promote sustainable development in the region. [ABSTRACT FROM AUTHOR]
Copyright of Corporate Social Responsibility & Environmental Management is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: An Assessment of Sustainable Banking Performance in Sub‐Saharan Africa—Does Doing Good and Doing Well Go Hand in Hand?
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  Data: <searchLink fieldCode="JN" term="%22Corporate+Social+Responsibility+%26+Environmental+Management%22">Corporate Social Responsibility & Environmental Management</searchLink>. Sep2025, Vol. 32 Issue 5, p6283-6300. 18p.
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  Data: *<searchLink fieldCode="DE" term="%22Sustainability%22">Sustainability</searchLink><br />*<searchLink fieldCode="DE" term="%22Sustainable+investing%22">Sustainable investing</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+performance%22">Financial performance</searchLink><br /><searchLink fieldCode="DE" term="%22Benchmarking+%28Management%29%22">Benchmarking (Management)</searchLink><br /><searchLink fieldCode="DE" term="%22Regression+analysis%22">Regression analysis</searchLink><br /><searchLink fieldCode="DE" term="%22Management+philosophy%22">Management philosophy</searchLink><br /><searchLink fieldCode="DE" term="%22Social+impact+assessment%22">Social impact assessment</searchLink><br /><searchLink fieldCode="DE" term="%22Sub-Saharan+Africans%22">Sub-Saharan Africans</searchLink>
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  Data: This paper evaluates sustainable banking performance and its relationship with financial performance among 99 banks across six Sub‐Saharan Africa (SSA) countries. Prior research has shown that there are limited studies on benchmarking sustainable banking performance, and the relationship between sustainable banking and financial performance remains inconclusive. We conducted a benchmarking of sustainable banking performance using a 44‐indicator framework and a 4‐stage ranking system. Regression analysis is used to examine the relationship between sustainability and financial performance. Results indicate that most banks in SSA are in the early stages of adopting sustainable banking practices. A positive relationship exists between sustainable banking performance and financial performance. This finding aligns with good management theory. This win–win situation offers a compelling case for banks to integrate sustainability into their core strategies, creating economic value while addressing social and environmental challenges. Banking regulators can leverage sustainable banking to implement regulations that promote sustainable development in the region. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Corporate Social Responsibility & Environmental Management is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.1002/csr.70038
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      – Code: eng
        Text: English
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        PageCount: 18
        StartPage: 6283
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      – SubjectFull: Sustainability
        Type: general
      – SubjectFull: Sustainable investing
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      – SubjectFull: Financial performance
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      – SubjectFull: Benchmarking (Management)
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      – SubjectFull: Regression analysis
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      – SubjectFull: Management philosophy
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      – SubjectFull: Social impact assessment
        Type: general
      – SubjectFull: Sub-Saharan Africans
        Type: general
      – SubjectFull: Africa
        Type: general
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      – TitleFull: An Assessment of Sustainable Banking Performance in Sub‐Saharan Africa—Does Doing Good and Doing Well Go Hand in Hand?
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            NameFull: Appiah, Adwoa
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            NameFull: Weber, Olaf
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            NameFull: ElAlfy, Amr
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            – D: 01
              M: 09
              Text: Sep2025
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              Y: 2025
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