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Green Banking and Its Potentiality & Practice in Bangladesh

Received: 9 February 2016     Accepted: 9 March 2016     Published: 6 April 2016
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Abstract

Banks are financial institution which can play an outstanding role between sustainable economic growth and environmental protection in order to prove themselves as environment friendly and socially accountable institution. For promoting this there is nothing but “Green Banking” which is the most talked topic in the recent banking activities and responsibilities. Green Banking refers to the banking business conducted in selected area and technique that helps the reduction of carbon emission surround the world. To aid the reduction of carbon emission bank should finance green technology and pollution reducing sectors. Green finance is an integral part of Green banking that makes a great contribution to the transition to resource-efficient and low carbon industries. Green Banking is certainly a new initiative throughout the world. The leading bankers and entrepreneurs have come forward to protect human being from environmental disasters. In the context of Bangladesh, if we think about it, we will find the situation to be terrible. Our people have little awareness about environment pollution and they do not understand the severe consequences of this pollution which will create an unexpected trouble in the coming decades.

Published in Science Journal of Business and Management (Volume 4, Issue 2)
DOI 10.11648/j.sjbm.20160402.12
Page(s) 28-33
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Green Banking, Green Finance, Environment, Corporate Social Responsibility (CSR), Online Banking

References
[1] Millat, K. M. and Others 2012. Green Banking in Bangladesh Fostering Environmentally Sustainable Inclusive Growth Process. Http: //www.bangladesh-bank.org/pub/special/greenbankingbd. (31 December 2012.).
[2] Green Banking Policy of BASIC bank ltd, Bangladesh, Head Office, Dhaka. http://www.basicbanklimited.com/Green_Banking.php
[3] Atiur Rahman, “Financial Services at People’s Doorstep”, Governor, Bangladesh Bank, 2010.
[4] Bangladesh Bank (2011), Policy Guidelines for Green Banking. http://www.bangladeshbank.
[5] Policy Guidelines for Green Banking, BRPD Circular No.02 Dated: February 27, 2011. Banking Regulation & Policy Department, Bangladesh Bank, Head Office, Dhaka.
[6] Azam, Safiul (2012), Green corporate environment thru' green banking and ‘green financing’. http://www.thefinancialexpressbd.com
[7] African Institute of Corporate Citizenship (2004), Sustainability banking in Africa, ISBN 0-620-32746-4.
[8] Md. Osman Gani, Green banking: Concept and policy guidelines (Monday, 29 July 2013; The Financial Express, Bangladesh).
[9] Md. Mustafizur Rahman, Md. Ali Ahsan, Md. Motahar Hossain, Meem Rafiul Hoq; Green Banking Prospects in Bangladesh, Asian Business Review, Volume 2, Number 2/2013 (Issue 4).
[10] Md. Shahid Ullah, Green Banking in Bangladesh: Progress, Problems and Prospects; Prajnan, Vol. XLIII, No. 1, April – June, pp. 89-103.
Cite This Article
  • APA Style

    Md. Omar Faruque, Md. Nurul Kabir Biplob, Md. Al-Amin, Md. Sazzad Hossain Patwary. (2016). Green Banking and Its Potentiality & Practice in Bangladesh. Science Journal of Business and Management, 4(2), 28-33. https://doi.org/10.11648/j.sjbm.20160402.12

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    ACS Style

    Md. Omar Faruque; Md. Nurul Kabir Biplob; Md. Al-Amin; Md. Sazzad Hossain Patwary. Green Banking and Its Potentiality & Practice in Bangladesh. Sci. J. Bus. Manag. 2016, 4(2), 28-33. doi: 10.11648/j.sjbm.20160402.12

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    AMA Style

    Md. Omar Faruque, Md. Nurul Kabir Biplob, Md. Al-Amin, Md. Sazzad Hossain Patwary. Green Banking and Its Potentiality & Practice in Bangladesh. Sci J Bus Manag. 2016;4(2):28-33. doi: 10.11648/j.sjbm.20160402.12

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  • @article{10.11648/j.sjbm.20160402.12,
      author = {Md. Omar Faruque and Md. Nurul Kabir Biplob and Md. Al-Amin and Md. Sazzad Hossain Patwary},
      title = {Green Banking and Its Potentiality & Practice in Bangladesh},
      journal = {Science Journal of Business and Management},
      volume = {4},
      number = {2},
      pages = {28-33},
      doi = {10.11648/j.sjbm.20160402.12},
      url = {https://doi.org/10.11648/j.sjbm.20160402.12},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.20160402.12},
      abstract = {Banks are financial institution which can play an outstanding role between sustainable economic growth and environmental protection in order to prove themselves as environment friendly and socially accountable institution. For promoting this there is nothing but “Green Banking” which is the most talked topic in the recent banking activities and responsibilities. Green Banking refers to the banking business conducted in selected area and technique that helps the reduction of carbon emission surround the world. To aid the reduction of carbon emission bank should finance green technology and pollution reducing sectors. Green finance is an integral part of Green banking that makes a great contribution to the transition to resource-efficient and low carbon industries. Green Banking is certainly a new initiative throughout the world. The leading bankers and entrepreneurs have come forward to protect human being from environmental disasters. In the context of Bangladesh, if we think about it, we will find the situation to be terrible. Our people have little awareness about environment pollution and they do not understand the severe consequences of this pollution which will create an unexpected trouble in the coming decades.},
     year = {2016}
    }
    

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    AB  - Banks are financial institution which can play an outstanding role between sustainable economic growth and environmental protection in order to prove themselves as environment friendly and socially accountable institution. For promoting this there is nothing but “Green Banking” which is the most talked topic in the recent banking activities and responsibilities. Green Banking refers to the banking business conducted in selected area and technique that helps the reduction of carbon emission surround the world. To aid the reduction of carbon emission bank should finance green technology and pollution reducing sectors. Green finance is an integral part of Green banking that makes a great contribution to the transition to resource-efficient and low carbon industries. Green Banking is certainly a new initiative throughout the world. The leading bankers and entrepreneurs have come forward to protect human being from environmental disasters. In the context of Bangladesh, if we think about it, we will find the situation to be terrible. Our people have little awareness about environment pollution and they do not understand the severe consequences of this pollution which will create an unexpected trouble in the coming decades.
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Author Information
  • Department of Finance, Jagannath University, Dhaka, Bangladesh

  • Department of Finance and Banking, Begum Rokeya University, Rangpur, Bangladesh

  • Department of Business Administration, Dhaka International University, Dhaka, Bangladesh

  • Department of Finance and Banking, Begum Rokeya University, Rangpur, Bangladesh

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