JGMDS
Vol. 2 No. 1 (2025): JGMDS, Volume 2, Issue 1 (2025): May-October Period

Key Drivers of Sustainability Practices in the UK Banking Sector: implications for Sustainable Development Goals

Ekemezie, Ekene (Unknown)
Echem, Kaodilichukwu Augustine (Unknown)



Article Info

Publish Date
15 May 2025

Abstract

Background: This study investigates the key drivers influencing sustainability practices in the UK banking sector amid increasing global expectations aligned with the Sustainable Development Goals (SDGs). Objective: To explore stakeholder perceptions regarding banks’ sustainability efforts. Method: A quantitative research design was employed using an online survey administered to 191 randomly selected respondents from a population of 2.5 million stakeholders, including bank executives, employees, customers, investors, regulators, and advocacy groups. Data were collected through structured questionnaires and analyzed using descriptive statistics and t-tests. Results: The findings indicate that community engagement, corporate social responsibility, credible sustainability reporting, and financial performance significantly influence stakeholder perceptions. Conversely, transparency in reporting was not widely perceived as impactful. T-test results revealed no statistically significant factors, thereby supporting the null hypothesis. Conclusion: While UK banks exhibit alignment with SDGs 8, 9, 11, 12, 13, and 16, weak governmental influence underscores the need for stronger policy frameworks and intersectoral collaboration. Contribution: The study highlights the importance of enhancing stakeholder education and integrating environmental, social, and governance (ESG) principles into core banking strategies and operations.

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Journal Info

Abbrev

jgmds

Publisher

Subject

Humanities Social Sciences

Description

Journal of Gender and Millennium Development Studies (JGMDS) (Online ISSN 3063-3850 - Print ISSSN 3063-3842) is a peer-reviewed, open-access academic journal dedicated to advancing and disseminating state-of-the-art knowledge in the field of gender and millennium development. The journal aims to ...