Some Don't Like It Hot: Bank Depositors and NGO Campaigns Against Brown Banks - Les publications du Département d'économie de Sciences Po
Preprints, Working Papers, ... (Working Paper) Year : 2023

Some Don't Like It Hot: Bank Depositors and NGO Campaigns Against Brown Banks

Abstract

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 publicly blamed for funding climatedamaging projects face a lower supply of deposits. 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 brown banks also face a relatively lower demand for housing loans, implying lower mortgage loan rates offered to their customers.
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Dates and versions

hal-04350378 , version 1 (18-12-2023)
hal-04350378 , version 2 (13-09-2024)

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  • HAL Id : hal-04350378 , version 2

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Clément Mazet-Sonilhac, Jean-Stéphane Mésonnier. Some Don't Like It Hot: Bank Depositors and NGO Campaigns Against Brown Banks. 2024. ⟨hal-04350378v2⟩
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