Green Governance in Action: Moroccan Banks’ Strategies for a Sustainable Transition and the Development of Green Finance

DOI

10.2991/978-94-6463-892-9_12How to use a DOI?

Keywords

Green Finance; ESG Governance; Sustainable Banking; Regulatory Support; Morocco

Abstract

Moroccan banks are increasingly incorporating environmental, social, and governance (ESG) considerations to support the nation’s transition to a sustainable economy. Despite rising awareness, questions remain about the internal governance mechanisms enabling effective green finance adoption and alignment with regulatory directives. This study employed a quantitative design using a structured questionnaire, distributed to 15 Moroccan financial institutions, of which 12 valid responses were analyzed. Composite indices measured ESG governance, regulatory support, and green finance engagement, and multiple regression was used to test hypothesized relationships.

Findings show that robust ESG governance (e.g., dedicated committees, board-level oversight) correlates positively with higher green finance engagement. Furthermore, supportive policies—such as central bank guidelines—significantly bolster sustainability initiatives. An interaction effect indicates that banks with strong governance structures amplify the benefits of regulatory support. These outcomes suggest that when governance and policies are synchronized, Moroccan banks can more effectively implement green loans, issue green bonds, and foster low-carbon transitions. Overall, the study highlights that strategic alignment between internal governance and external regulations is key to advancing sustainable finance, potentially shaping best practices for other emerging markets.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Hafidi Noura
AU  - Moutahaddib Aziz
PY  - 2025
DA  - 2025/11/17
TI  - Green Governance in Action: Moroccan Banks’ Strategies for a Sustainable Transition and the Development of Green Finance
BT  - Proceedings of the International Conference on Multidisciplinary Research in Management and Economics (ICMRME 2025)
PB  - Atlantis Press
SP  - 187
EP  - 211
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-892-9_12
DO  - 10.2991/978-94-6463-892-9_12
ID  - Noura2025
ER  -