Moving Towards the Socially Responsible Banking Through Green Banking Initiative: An Investigation on IBBL
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.
|Title:||Moving Towards the Socially Responsible Banking Through Green Banking Initiative: An Investigation on IBBL|
|Journal Name:||International Journal of Science and Business|
|ISSN:||ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)|
|Date of Publication:||27/08/2020|
|Paper Type:||Research Paper|
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
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About Author (s)
Mousumi Sultana, Lecturer, Department of Business Administration, Varenra University, Rajshahi-6204, Bangladesh. E-mail: firstname.lastname@example.org.