- Title
- The design and adoption of green banking framework for environment protection : Lessons from Bangladesh
- Creator
- Rahman, S. M. Mahfuzur; Barua, Suborna
- Date
- 2016
- Type
- Text; Journal article
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/162432
- Identifier
- vital:12650
- Identifier
- ISBN:2204-681X
- Abstract
- Bangladesh Bank, the central bank of Bangladesh and a forerunner in pursuing environment-friendly banking, designed a structured three-phase Green Banking Guideline and instructed the scheduled banks to implement it by 2013. This paper aims to present a comprehensive picture about where the country stands in terms of adopting green banking practices. Examining 42 of total 54 scheduled banks of Bangladesh, the study finds that most banks are trapped in the lower boundaries of the performance greed. The state owned banks rank low in performance while the foreign banks have considerably better achievements. The paper also identifies a number of reasons for the banks' poor performance and proposes corrective measures. The lessons may be useful for redesigning banking practices around the world to save environment.
- Relation
- Australian Journal of Sustainable Business and Society Vol. 2, no. 1 (2016), p. 1-19
- Rights
- This metadata is freely available under a CCO license
- Subject
- Environment-friendly banking; Sustainable business strategy; Green finance; Climate change; Sustainable development; Social responsibility
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