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

Authors

  • Ekene Ekemezie Nwafor Orizu College of Education, Nsugbe, Anambra State
  • Kaodilichukwu Augustine Echem University of Northampton

DOI:

https://doi.org/10.64420/jgmds.v2i1.161

Keywords:

Sustainability Practices, UK Banking, Development Goals

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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Published

2025-06-29

How to Cite

Ekemezie, E., & Echem, K. A. . (2025). Key Drivers of Sustainability Practices in the UK Banking Sector: implications for Sustainable Development Goals. Journal of Gender and Millennium Development Studies, 2(1), 54–62. https://doi.org/10.64420/jgmds.v2i1.161

Issue

Vol. 2 No. 1 (2025): Journal of Gender and Millennium Development Studies, 2(1), 2025

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Articles

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Copyright (c) 2025 Ekene Ekemezie, Kaodilichukwu Augustine Echem

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