We exploit new data on NGO campaigns that target banks financing fossil fuels (« brown » banks) to build a measure of French banks’ environmental reputation, which we merge with granular data on bank deposits and loans of households in France over 2010-2020. We find that banks receive relatively fewer household deposits when they are perceived as browner. Depositors mostly react to their bank’s brown reputation after the implementation of a new regulation that cuts down the transaction costs of changing banks. Last, using a large database of new mortgage loans, we show that browner banks also face a relatively lower demand for housing loans, implying lower mortgage loan rates offered to their customers.
Keywords: Climate change, Households Finance, Brown Banks, Green Preferences.
JEL classification: G21, G51, Q54.
Ce séminaire porte sur la finance solidaire et la finance à impact qui sont considérées comme des modes de financement alternatifs ou complémentaires aux circuits financiers traditionnels. Il interroge en particulier l’évolution de ces deux types de finances au regard de leurs objectifs affichés, étant donné leur essor important depuis une quinzaine d’années.
This one-day workshop brings together researchers working on the design, evaluation, and impact of climate policies aimed at fostering the development and diffusion of low-carbon technologies. The presentations will cover a range of topics including the regulation of urban transport emissions, the integration of carbon dioxide removal into energy markets, the strategic adoption of...