ESG Risks in the Activities of International Banking Groups: Evidence from Ukraine

Article Title
ESG Risks in the Activities of International Banking Groups: Evidence from Ukraine

Authors
Yurii Havryliuk
Student, Odesa National Economic University, Odesa, Ukraine

Liliia Zherdetska
Doctor of Economics, Professor, Odesa National Economic University, Odesa, Ukraine

Journal Details
Journal: International Journal of Psychology and Strategic Communication
ISSN (Online): 2941-5691
ISSN (Print): 2941-5705
DOI: https://doi.org/10.61030/MHLU2636

Abstract
This study explores the growing significance of environmental, social, and governance (ESG) risks in the operations of international banking groups, particularly in the Ukrainian context. The focus is placed on the role ESG risks play in shaping investment attractiveness, corporate responsibility, and long-term sustainability. By analyzing the ESG-related impact on Raiffeisen Bank International, including its operations in Russia, the paper applies econometric models such as ARMA, GARCH, and MS-GARCH to identify how ESG factors influence stock returns and volatility. The findings highlight that ESG risks, especially social and governance-related, significantly affect investment behavior, financial performance, and reputational stability. The study underscores the need for international banking institutions to integrate ESG frameworks into their risk management strategies.

Keywords
ESG risks, Bank, Banking group, Stock volatility, Raiffeisen Bank, Investment climate

How to Cite This Article
Havryliuk, Y., & Zherdetska, L. (2025). ESG Risks in the Activities of International Banking Groups: Evidence from Ukraine. International Journal of Psychology and Strategic Communication, 3(1), 398–408. https://doi.org/10.61030/MHLU2636

Full Article (PDF)
https://ijpsc.org/journal/v03/22_Havryliuk_ONEU_formatted.pdf

Metadata and Info
DOI: https://doi.org/10.61030/MHLU2636
Published: 2025
License: CC BY 4.0 (if applicable) – https://creativecommons.org/licenses/by/4.0/

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  title = {ESG Risks in the Activities of International Banking Groups: Evidence from Ukraine},
  author = {s},
  journal = {International Journal of Psychology and Strategic Communication},
  year = {2025},
  doi = {10.61030/MHLU2636},
  url = {https://doi.org/10.61030/MHLU2636},
  issn = {2941-5691}
}

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