Strategic Risk Management and Sustainable Banking

Authors

Jason Crawford, Fredrik Nilsson 

ISBN: 9781041025689

Published: 2026 (1st Edition)

Format: Hardcover

Language: English

Publisher: Routledge

Description

Strategic Risk Management and Sustainable Banking examines the role of strategic risk management (SRM) in the transformation of banks and their customers toward more sustainable business practices. Banks play a particularly important role in this transformation, as they have been tasked with redirecting capital flows toward sustainable investments. The book has two interrelated aims: to analyze the challenges of implementing strategic risk management as discussed in the existing literature, and to present an empirical investigation into SRM implementation at a large European bank headquartered in the Nordic region, referred to as 'Nordbank'. The book benefits readers by providing an overview of the existing literature, the latest developments in environmental, social and governance (ESG) regulation, and in-depth empirical insights into an organisation currently implementing SRM as part of its sustainable transformation.

Key Features

Combines academic literature review with an in-depth empirical case study of a major Nordic bank
Addresses the latest ESG regulatory developments shaping bank governance
Bridges accounting, finance and strategic management perspectives
Authored by accounting and strategy scholars at Uppsala University

Coverage

Strategic risk management and sustainable banking: from concepts to practice
Implementing strategic risk management: the importance of integration
Banking on sustainability: the ESG integration challenge
The Nordbank case: sustainability as a strategic imperative
Risk governance: integrating ESG into governance structures
ESG management: integrating ERM into management control systems
Conclusions: key insights and future directions

About the Authors

Jason Crawford is an Assistant Professor at the Department of Business Studies at Uppsala University and an Affiliated Researcher at Uppsala University Future Institutes (UUniFI) and the Uppsala University Conflicting Objectives Research Nexus (UUniCORN), Sweden.

Fredrik Nilsson is a Professor (Chair) of Business Studies (Accounting) at Uppsala University and an Associated Professor at UUniFI, Sweden.

Table of Contents

1. Strategic Risk Management and Sustainable Banking: From Concepts to Practice
2. Implementing Strategic Risk Management: The Importance of Integration
3. Banking on Sustainability: The ESG Integration Challenge
4. The Nordbank Case: Sustainability as Strategic Imperative
5. Risk Governance: Integrating ESG into Governance Structures
6. ESG Management: Integrating ERM into MCS
7. Conclusions: Key Insights and Future Directions

Why buy this book?

With the EU's CSRD/CSDDD Omnibus reforms now in force and banks under fresh pressure to redesign risk governance for ESG integration, this book offers one of the few empirically grounded accounts of how a major European bank is actually restructuring its strategic risk management — essential reading for risk officers, sustainability teams and finance faculties tracking the post-Omnibus landscape.

Keywords

sustainable banking, strategic risk management, ESG integration, risk governance, enterprise risk management, banking regulation, Nordic banking, CSRD

Target Audience

Banking risk officers, sustainability and ESG professionals, finance and accounting academics, business school libraries

Genre

Finance, Business, Education

Q&A

Where can I buy Strategic Risk Management and Sustainable Banking?
You can purchase it directly from CLNZ Books, a specialist academic and professional bookseller, with worldwide shipping included.

What is 'Nordbank' in this book?
Nordbank is the pseudonymized large European bank headquartered in the Nordic region that forms the empirical case study at the center of the book's analysis of strategic risk management implementation.

How does this book relate to the EU's 2026 CSRD and CSDDD reforms?
It provides the theoretical and practical risk-governance framework banks need as the EU's Omnibus-revised CSRD and CSDDD reshape sustainability reporting and due diligence obligations from 2026 onward.

Who are the authors?
Jason Crawford and Fredrik Nilsson, accounting and strategy scholars at the Department of Business Studies, Uppsala University, Sweden.

Is this book suitable for university courses?
Yes, it is intended for scholars and students in business and management, as well as the sub-fields of accounting, finance and strategic management.

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