Moving Towards the Socially Responsible Banking Through Green Banking Initiative: An Investigation on IBBL Mousumi Sultana

Moving Towards the Socially Responsible Banking Through Green Banking Initiative: An Investigation on IBBL

Author (s)

Mousumi Sultana

Abstract

Bangladesh is one of the climate change endangered countries in the world, having numerous disasters around the year due to its geographical location, low lying landscape, and a high amount of carbon emission. To overcome the adverse climate change impact, Bangladesh bank has directed all the banks sincerely and thoughtfully to adopt green banking practices for the betterment of the country. In particular, Green banking aims to choose environment-friendly banking practices for all banks and sustainable financing for its clients. The ground of the paper is to encourage green banking practice and explore its potentials in commercial banks where Islami Bank Bangladesh Ltd. (IBBL) is considered as an instance. The analysis of the paper is based on secondary data sources. In the data collection process, the last five consecutive years’ published data of IBBL’s green banking disclosure were taken into account. The study’s objective is to measure how effectively IBBL is performing its green banking obligation by analyzing and comparing each year’s value to the subsequent year. For the data analysis, the author has used MS Excel and a simple growth rate model. The study found a positive growth rate in direct green investment and CRF utilization of IBBL. However, the growth of the green marketing, awareness program and the bank’s utility consumption appeared with a negative growth rate. The study also resulted in IBBL’s inconsistent growth in waste management and renewable energy management. The overall performance of the green banking practice of IBBL for 2014 to 2018 was good. Therefore, it is expected that the banks will focus more on green banking issues to attain socially responsible banking to reduce environmental degradation.

Keywords: Green Banking, Socially Responsible Banking, Green Investment, IBBL, Bangladesh.

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Title: Moving Towards the Socially Responsible Banking Through Green Banking Initiative: An Investigation on IBBL
Author: Mousumi Sultana
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.4293181
Media: Online
Volume: 4
Issue: 8
Acceptance Date: 25/11/2020
Date of Publication: 27/08/2020
PDF URL: https://ijsab.com/wp-content/uploads/585.pdf
Free download: Available
Page: 146-153
First Page: 146
Last Page: 153
Paper Type: Research Paper
Current Status: Published

 

Cite This Article:

Mousumi Sultana (2020). Moving Towards the Socially Responsible Banking Through Green Banking Initiative: An Investigation on IBBL. International Journal of Science and Business, 4(8), 146-153. doi: https://doi.org/10.5281/zenodo.4293181

Retrieved from https://ijsab.com/wp-content/uploads/585.pdf

 

About Author (s)

Mousumi Sultana, Lecturer, Department of Business Administration, Varenra University, Rajshahi-6204, Bangladesh. E-mail: mou.mousumisultana@gmail.com.

 

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DOI: https://doi.org/10.5281/zenodo.4293181

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