EU-taxonomy´s impact on lending for companies
Parkkinen, Martta (2023)
2023
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2023062624317
https://urn.fi/URN:NBN:fi:amk-2023062624317
Tiivistelmä
The thesis has the objective of studying the concept of EU-taxonomy and carry out an analysis of its impact on lending practices for companies. It aims to provide valuable information for stakeholders working in the field. The thesis introduces the concept of EU-taxonomy and sustainable finance.
With an overview of the EU-taxonomy, the theory part of this thesis presents an institutional theory, which will act as theoretical framework. The institutional theory provides a broader look on how requirements and pressures from outside affect the actions of institutions. It validates the research questions of the thesis and offers a base for analysing the findings from collected data.
This thesis employs a deductive approach in analysing the data and qualitative method in collecting the data. The primary data for the research was collected through an interview with a professional working with large corporate customers in financial institution. The secondary data was collected from authorities’ official websites, books, and articles.
The main findings of the research indicated that EU-taxonomy creates possibilities for companies that adopt sustainable practices. They can enter new markets, attract new customers, and receive cheaper loans. However, it also creates challenges, requiring big changes to business practices, and new resources to make the required changes to meet with taxonomy’s requirements.
With an overview of the EU-taxonomy, the theory part of this thesis presents an institutional theory, which will act as theoretical framework. The institutional theory provides a broader look on how requirements and pressures from outside affect the actions of institutions. It validates the research questions of the thesis and offers a base for analysing the findings from collected data.
This thesis employs a deductive approach in analysing the data and qualitative method in collecting the data. The primary data for the research was collected through an interview with a professional working with large corporate customers in financial institution. The secondary data was collected from authorities’ official websites, books, and articles.
The main findings of the research indicated that EU-taxonomy creates possibilities for companies that adopt sustainable practices. They can enter new markets, attract new customers, and receive cheaper loans. However, it also creates challenges, requiring big changes to business practices, and new resources to make the required changes to meet with taxonomy’s requirements.