




































             American International Journal of Business and Management Studies  

Vol. 3, No. 1; 2021 

ISSN 2641-4937   E-ISSN 2641-4953 

Published by American Center of Science and Education, USA 

 

1 

GREEN BANKING: AN INDISPENSABLE STEP FOR THE 

BANK TO SAVE OUR ENVIRONMENT 

 
Noorjahan Begum 

Lecturer 

Dept. of BBA 

 CCN University of Science & Technology, Bangladesh 

 

Md. Mazharul Islam Bhuiyan 

Lecturer 

 Dept. of BBA 

CCN University of Science & Technology, Bangladesh 

 

Nushrat Hashmi 

Lecturer 

 Dept. of Mathematics 

 CCN University of Science & Technology, Bangladesh 

 

Nayan Kumar Sadhu 

Lecturer 

Dept. of BBA 

 CCN University of Science & Technology, Bangladesh 

 

Md. Ali Imran 

Lecturer 

 Dept. of BBA 

 CCN University of Science & Technology, Bangladesh 

 

Abu Obida Rahid 

Lecturer 

 Dept. of BBA 

 CCN University of Science & Technology, Bangladesh 

 

Ikbal Ahmed 

Lecturer 

 Dept. of CSE 

 CCN University of Science & Technology, Bangladesh 

 

 

Received: August 01, 2021      Accepted: August 15, 2021      Online Published: August 20, 2021  

 

DOI: 10.46545/aijbms.v3i1.146                             URL: https://doi.org/10.46545/aijbms.v3i1.146 

 

 



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ABSTRACT 

This research aims at keeping our planet safe which we are harming day by day by the 

advancement of modern civilization. In modern age, we are now vastly dependent on bank sector 

for our important activities. As a result, banks in Bangladesh are performing digitalize and 

effective activities to maintain a sound economy due to emphasize public services for profits. In 

this study the authors found that profit should not be earned at the expense of the world's most 

pressing environmental problem which can be caused a climate change through global warming. 

Western countries have already thought out of the box and introduced green banking for 

sustainable development. Sampling framed and statistical tools used by researchers and reveals 

that green banking (GB) is not only corporate social responsibility (CSR) but also in broader sense 

of corporate environmental responsibility (CER). It also explains the main objective of green 

banking is to keep the world livable without any significant damage. Specifically, we already have 

seen the light. But we have to adopt this idea for all commercial Bank either public or private. 

 

Keywords: Green Banking, Corporate Social Responsibility, Corporate Environmental 

Responsibility, Sustainable development, Global warming. 

 

INTRODUCTION 

Nowadays climate change is the alarming issue and we are facing an alarming situation. The 

Earth’s environment is being polluted in different forms which caused harms to the Earth, resulting 

rapid change of the Earth’s climate for the development of civilization. Therefore, living creatures 

are confronting intense danger for their existence. Banks cannot avoid the liability of 

environmental pollution. We have to find out the way to overcome these circumstances through 

bank. Bank should introduce green innovation products and reducing projects which are not 

environment friendly for focusing to decrease the carbon emission. It is high time to think about 

Corporate Environmental Responsibility (CER) which is wider than Corporate Social 

Responsibility (CSR). Green banking is promoting as eco-friendly banking practices by combining 

its operational improvements and technology know-how in banking operations. It helps not only 

decrease of internal carbon footprint but also reduction of external carbon emission. Bangladesh 

Bank developed Green Banking Policy in 2011 as well as it has already provided technical support 

for Green Banking adaptation. Green Banking helps both advances their own initiative and socially 

responsible behavior of other business. Its activities include using all of the banks resources with 

responsibility and care and its main aims to avoid waste, less paper intensive, fully automation and 

give priority to choices that take sustainability into account.  

 

LITERATURE REVIEW 

Marcel Jeucken identified four steps of action that banks could take for sustainability in his book 

"Sustainable Finance and Banking", 2001. Defensive banking, preventative banking, aggressive 

banking, and sustainable banking are the four stages. The first three terms are described as 

banking's stages or attitudes toward environmental issues. In reality, his research is a forerunner 

in the field of green or socially responsible banking.  

Thombre (2011) researched the "New Face of Banking: Green Banking." The effect of a 

bank's external activities on the economy is enormous, but impossible to quantify.  

Green Banking, according to Bihari (2011), entails increasing corporate social 

responsibility (CSR). It all begins with the goal of environmental protection, with banks 

determining if a proposal is environmentally sustainable and has some long-term effects before 

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funding it. Only after the public safety requirements are met can a corporation be granted a loan. 

Green banking may be done effectively with the help of technologies and strategy.  

According to Verma (2012), Indian banking is increasingly realizing the need for a change 

from the profit, profit, profit motive to the ‘planet, citizens, and profit' motive. Banks should lead 

the way in implementing green banking for long-term growth.  

Global change, which is one of the most researched and debated topics, has the greatest 

effect on the planet's atmosphere as a whole. (Green Banking Policies of Bangladesh Bank)  

Green Banking in Bangladesh: A Comparative Analysis was the subject of Md. Maruf 

Ullah's (2013) study. Banks agree that any small "GREEN" effort taken today can help to create a 

greener world, and that each of them will contribute to a healthier global climate. Overall, green 

banking is a great opportunity for citizens to become more aware of global change.  

Chowdhury and Dey (2016) have performed a study to analyze the green banking practices 

in Bangladesh. They reported that Bangladesh Bank has simplified green banking by policy and 

strategy formulation and allocation of budget for green initiatives. They also reported the slow 

growth of green projects financing and proposed special packages for growth.  

Chen, Hossen, Muzafary, and Begum, (2018) have identified that the Bank is a perpetual 

member of the economy because it is possible to work on a business relationship between rich and 

viable life practices. The groups play an indispensable role in this dramatic game such as 

Brickfield, machine, paper, grammar school, business appraisers, directors, angry procedures and 

so on. Carbon dioxide is polluted in the future environment. 

Masud, Kaium, Hossain, and Kim (2018) Climate change is the most urgent issue in the 

global context. Bangladesh is in the most vulnerable situation. Bangladesh will go through 

significant losses if the situation does notchange. The assessment is that by 2050, the annual loss 

will be 2% and the gross domestic product 9.4% (GDP) by 2050 and 2100, while the country is 

liable for less than 0.35% of global carbon emissions.  

Hoque, Mowla, Uddin, Mamun, and Uddin (2019) conducted research to determine the 

state of green banking practices among Bangladesh's non-bank financial institutions (NBFIs) and 

commercial banks. The author noticed that most banks and NBFIs conduct green banking on a 

small scale and have no detail about it in their annual reports and websites.  

 

OBJECTIVES OF THE STUDY 
Developed countries are living in harmony by sacrificing biosphere. Though Bangladesh has 

smallest involvement in industrialization but she is victim of world environment pollution. There 

is no profit of this progress of the civilization or advancement if there is no planet. The basic 

objectives regarding green banking are as follows: 

 To analyze the practices of green banking in Bangladesh; 

 To promote environment friendly financing in the industry/project/business sector 

 To justify the prospects and problems of green banking practices in Bangladesh 

 To ensure the use of organizational resources in favor of the environment and society; and 

 Finally, to suggest recommendation for policy implication. 

 

METHODOLOGY OF THE STUDY 
The research is focused on a literature analysis as well as secondary data sources. Secondary data 

was gathered from Bangladesh Bank websites from 2017 to 2019 as well as eight selected 

commercial banks' websites and reviews, among other sources. In addition, material is gathered 

from the company's business profile, daily journals, and numerous seminars and workshops. Any 

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knowledge was also gathered from ‘YouTube.' In addition, several papers and publications were 

examined in order to broaden the scope of the research. The information is studied using statistical 

data in terms of green banking policies and issues in Bangladesh. We have looked at when and 

how banks are implementing green banking activities.  

LIMITATION OF THE STUDY 
 The major limitation of the study is that no primary data is involved in the study.  

 The data was not found in a structure way.  

 It was very difficult to get the full information due to maintaining confidential purpose.  

 

PRESENT SITUATION ON GREEN BANKING IN BANGLADESH 

Green banking is a form of banking from which the country gets sound environment. Bangladesh 

Bank is pioneer bank which has ins and outs information on it to execute ‘Green Banking’. Four 

refinance scheme of low interest launched by Bangladesh Bank for environment friendly factories. 

It means developing and promoting environmental friendly by some of the following steps which 

can be taken for going green in banking: 

1) Online banking                                           6)   Green Loans 

i) Paying bills online 7)  Green Debit Cards/ Credit Cards 

ii) Remote deposit/ bKash 8) Mobile Banking 

iii) Online Fund Transfer                    9) Green Building 

iv) Electronic Statement                      10) Green  Mortgage                 

v) Automated Clearing House            11) Save papers 

2)  Green Accounts (Solar ATM Service) 12) Roof Gardening 

3)   Green Financing 13) Bio gas plant 

4)   Power Saving Equipment’s 14) Waste management 

5)  Green Marketing 15) Green Bond 

 

Online banking: It is optimist news that at the end of Fiscal Year 2018, 57 banks have online 

branches out of 57 banks. Bangladesh Bank encourages to the banks that establish branches to 

assured maximum use of solar energy. 

 

Table 1. Online Banking Coverage 

 

Particular Fiscal Year 2017 Fiscal Year 2018 Fiscal Year 2019 

Banks activity through 

online branches 

75.10% 87.35% 89.50% 

No. of branches powered 

by solar energy 

500 546 572 

Source: Annual reports of the Bangladesh Bank, 2017-2019. 

 

Electronic Payment: Interbank facilities electronic payments originating from various payments 

channel such as Green Card, Automated Teller Machine (ATM) and Point of Sale (POS). 

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Nowadays 53 banks out of 57 banks are functioning card business, 51 banks operating interbank 

Automated Teller Machine (ATM) transaction and 51 banks implementing Point of Sale (POS) 

transaction in Bangladesh.  

 

Table 2. Electronic Payment Coverage 

 

Source: Payment Systems Department, Bangladesh Bank, Annual Report 2017-2018. 

 

Table 3. Electronic Payment Coverage 

 

Source: Payment Systems Department, Bangladesh Bank, Annual Report 2018-2019. 

 

Table 4. Direct Green Financing in FY18 (Fiscal Year 2018) 

 

In Million Taka 

Types of Bank/FI 

 

SCBs 

(06) 

DFI

s 

(02) 

PCBs 

(40) 

FCBs 

(09) 

Bank’s 

Total 

FIs 

(34) 

Grand 

Total 

% of 

Total 

Green 

Finance 
Category of Green 

Finance 

 

Renewable Energy 25.5 7.7 2605.9 192.6 2831.7 523.9 3355.6 4.7% 

Energy Efficiency 0.0 0.3 3156.0 0.0 3156.3 1080.6 4236.9 5.9% 

Alternative Energy 0.0 0.0 9.0 0.0 9.0 0.0 9.0 0.0% 

Waste 

Management 

133.2 0.0 34914.6 0.0 35047.8 308.8 35356.6 49.6% 

Recycling & 

Recyclable Product  

271.8 0.0 3471.3 0.0 3743.1 124.1 3867.2 5.4% 

Green Brick 

Manufacturing 

821.7 36.0 9571.4 0.0 10429.2 560.1 10989.2 15.4% 

Green 

Establishment 

280.8 0.0 10331.0 0.0 10611.7 658.3 11270.0 15.8% 

Misc. 282.2 1.5 1845.1 0.0 2128.8 133.8 2262.6 3.2% 

Total 1815.2 45.4 65904.3 192.6 67957.5 3389.6 71347.2 100% 

Source: Sustainable Finance Department, Bangladesh Bank Annual Report 2017-2018. 

 

 

 

Terminal As on 30 June 2017 As on 30 June 2018 Growth % 

Card 1,19,43,650 1,37,34,605 1.0 

ATMs 9,246 9,747 5.4 

POS 36,288 41,130 13.3 

Terminal As on 30 June 2018 As on 30 June 2019 Growth % 

Card 1,37,34,605 1,72,39,902 25.5 

ATMs 9,747 10,722 10.0 

POS 41,130 52,846 28.5 

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Table 5. Direct Green Financing in FY19 (Fiscal Year 2019) 

 

In Million Taka 

Types of Bank/FI 

 

SCBs 

(06) 

DFI

s 

(02) 

PCBs 

(40) 

FCBs 

(09) 

Bank’s 

Total 

FIs 

(33) 

Grand 

Total 

% of 

Total 

Green 

Finance 
Category of Green 

Finance 

 

Renewable Energy 15.35 2.81 1921.36 216.5

7 

2156.08 1286.3

4 

3442.43 3.3% 

Energy Efficiency 0.0 0.0 3667.96 130.8

3 

3798.78 232.81 4031.59 3.8% 

Alternative Energy 0.0 0.0 83.98 0.0 83.98 0.0 83.98 0.1% 

Waste 

Management 

216.70 0.0 25571.3

5 

128.0

5 

25916.1

0 

1443.3

0 

27359.4

0 

25.9% 

Recycling & 

Recyclable Product  

253.68 0.0 10852.6

0 

2.40 11108.6

8 

130.00 11238.6

8 

10.7% 

Green Brick 

Manufacturing 

726.92 0.0 16172.2

7 

0.0 16899.1

9 

1686.7

3 

18585.9

2 

17.7% 

Green 

Establishment 

0.00 0.0 13878.2

1 

1873

5.31 

32613.5

2 

1689.6

9 

34303.2

1 

32.6% 

Misc. 6.79 0.75 6169.16 0.0 6176.70 31.00 6207.70 5.9% 

Total 1219.4

4 

3.56 78316.8

8 

1921

3.16 

98753.0

4 

6499.8

7 

105252.

91 

100% 

Source: Sustainable Finance Department, Bangladesh Bank Annual Report 2018-2019. 

Environment friendly industry/ project/business 
Bangladesh Bank which is a guardian of all banks in Bangladesh helps to other commercial banks 

to adapt green banking. If the industry/project/business is environment friendly then they sanction 

the loan for their industry/project/business operations. Before making financing decision banks 

should take up environmentally responsible financing; weighting up environmental risks of 

project, and specifically supporting and cultivating development of forthcoming green initiatives 

and projects. It will minimize the structural cost of an industry/ project/business.  

PROSPECTS AND PROBLEMS OF GREEN BANKING PRACTICE IN BANGLADESH 

Prospects or anticipation of green banking: Plethora of prospects of green banking focuses new 

era in banking sector. Now these are discussed in below- 

 Creating public awareness: Banks or financial institution arranged different programs like 

seminar, symposium, road show etc. to educate their personnel, clients, general public 

regarding the environmental issues.  

 Green banking financing product: Innovation of different types of product in green 

banking are new era which are prospects of green banking in Bangladesh. 

 Paperless banking: It is encouraging that a large number of banks have already adopted 

paperless banking with varying degree of adoption. It is recommended that those who have 

not adopted paperless banking they should have adopt it immediately. 

 Proper evaluation: Commercial bank should scrutinize projects profiles in terms of scale, 

nature and the magnitude of potential negative and positive environmental impacts. There 

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should be formal environmental and social risk policy to govern lending activities. Banks 

should also apply quantitative approach for environmental risk rating. 

 Post transaction monitoring: During the project execution and operations phases, banks 

must track post-lending output to ensure the best ERM (Environmental Risk Management) 

scheme. Physical assessments of the manufacturing process should be conducted, as should 

the planning of a training curriculum, the determination of environmental liability, and the 

implementation of audit schemes, among other things.  

 

Problems or challenges of green banking: There are some major problems ahead for green 

banking in Bangladesh. These are as follows- 

 Lack of knowledge: Lack of proper knowledge about technology is main problem of green 

banking.  

 Lack of skill: Employees are not skillful. So they are not well trained up about green 

banking. 

 Lack of timely evaluation: Timely evaluation is necessary for all organization, business 

or any institutions. Proper evaluation can helps to get the exact result of the firm. 

 Lack of paperless banking: In banking system, banks are still following the traditional of 

using paper for various transactions where it is no necessary adopting the Green Banking. 

 Lack of carbon credit business: To safeguard the atmosphere, both nations are required 

to reduce greenhouse gas emissions and carbon emissions under the Kyoto Protocol. The 

gas emissions must be certified through Qualified Pollution Reductions (CERs), also 

known as carbon Credit Corporation, where banks are unable to follow any of these eco-

friendly systems.  

 Poor long run sustainable investment: Investment with favorable impact on environment 

needs long run financing and usually has low rate of return. As a result this type of 

investment is not popular with the investors. 

 Lack of innovative green product: The sample banks through their research and 

development are not exploring the diversified eco-friendly products to be offered to the 

potential loanees. 

 Lack of infrastructural facilities for managing environmental risk: Some banks have 

not yet developed any administrative set up to train up their employees to meet the 

environmental challenges arising out of advancing loans and financing environment 

sensitive projects. 

 Equators principle: Banks or financial institutions are running behind similar 

organization in other countries regarding compliance with standards set for them. 

Bangladeshi banks or financial institutions are neither has adopted equators principle nor 

are signatory to the United Nations Environment Programme Finance Initiative (UNEPFI).   

 Lack of creating public awareness: Banks and financial institutions have not held any 

seminars, symposiums, or road shows to teach their employees, customers, or the general 

public about environmental concerns. There should be an ongoing discussion with relevant 

stakeholders on environmental issues.  

 

Ensure the use of organizational resources 

Green banking concentrates all banks internal operation by going green. Utilizing maximum 

renewable energy, automation and other measures to minimize carbon footprint and so on should 

adopt in an efficient manner. Online correspondence ought to be widely utilized for office 

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management where possible. To save paper, employee should printing double side and also use 

one side spare paper as notepads. Establishment of vitality proficient electronic as well as artificial 

intelligence equipment’s such as automatic shutdown of computers, fans, lights, air coolers etc. 

will help decline electricity consumption. Instead of normal bulbs of the banks, energy saving 

bulbs should introduce. Banks should give priority to use solar energy in the workplace. Bank 

should find a way to spare vitality from corporate business make a trip and urge representatives to 

buy energy efficient cars (that consume less fuel) can reduce gas and petroleum consumption 

(Bangladesh Bank Policy guidelines for green banking).General instructions are given to the 

employees of the banks to use their limited resources for maximum output. 

FINDINGS 

 Essentially, green banking cuts paper work, lowers costs, eliminates threats, saves time, 

improves reputation, and maintains a safe climate. If a paperless banking method is 

implemented for families, it is projected that 16500000 trees would be saved per year. 

Almost every bank in Bangladesh has begun to conduct online transactions in order to take 

advantage of emerging technologies. While a significant number of Private Commercial 

Banks (PCBs) and Foreign Commercial Banks (FCBs) in Bangladesh have introduced 

green banking policies, the number of State-owned Commercial Banks (SCBs) and 

Specialized Development Banks is steadily growing (SDBs).  

 The Bangladesh Bank not only offers appropriate strategies, but also technological 

assistance for green banking adoption. The Central Bank has stated that proposals that are 

environmentally sustainable would receive additional or reduced funding, while projects 

that are not environmentally friendly would not receive any assistance. In 2016, the 

Bangladesh Bank established a fund of 200 million dollars to sustain a safe working 

atmosphere in factories and ensure protection in the readymade apparel, leather, and plastic 

sectors, but only 42 million dollars were disbursed in September of 2019.  

 Owing to a lack of understanding regarding current technologies and systems, bank 

management and other involved parties are less interested in adopting green banking. They 

carry out their banking operations based on their previous experience and expertise. As a 

consequence, they permanently lose their consumer appeal because modern consumers are 

used to receiving prompt service.  

 Solar Equipment’s, Effluent Treatment Plants (ETPs), Bio-gas Plants, and Hybrid 

Hoffman Kilns (HHKs) are examples of green banking initiatives.  

 Banks' implementation of various current Green Banking laws is also, to a large degree, 

willful. In Bangladesh, the essence of bank management activities is eco-friendly banking 

practices, which are given less priority by the general public since they are not deemed 

obligatory.  

 Since they have a small variety of green products for their customers, most banks in 

Bangladesh have followed the Credit Risk Management (CRM) credit evaluation and 

management system, which does not have any risk requirements.  

 Online banking and Automated Teller Machine (ATM) services are seen as the first step 

toward introducing paperless work, putting the community and community first, and 

ensuring long-term growth. However, the majority of State-owned Commercial Banks 

(SCBs) and Specialized Development Banks (SDBs) continue to practice weak online 

banking, and ATM facilities are still inadequate.  

 

 

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DISCUSSION 
Bank can play a vital role to ensure sound environment by taking the blessing of modern 

technology. The importance of green banking is immense in economy to reduce costs and helps to 

avoid risks, and to enhance customer satisfaction by delivering rapid services. The challenges of 

green banking are new concept for many banks, involvement of higher operating cost, necessity 

of experienced officer, reputational risk which may arise for choosing environmental damaging 

projects and involvement of higher credit risk. So, the respective problem facing banks need to 

handle the above challenges by following the Bangladesh Bank’s guidelines effectively regarding 

green banking policy and empowering charismatic leading system. All banks should maintain 

proper training systems and keep critical problem-solving tendency to adapt green banking 

systems in their organization rapidly. Bangladesh Bank should carefully monitor and supervise the 

green banking practices in all banks. From the study of findings, we observed that State-owned 

Commercial Bank (SCBs) and Specialized Development Bank (SDBs) have not fully taken the 

green banking policy, though Bangladesh Bank have taken initiatives to adapt it for all types of 

banks. This finding partially supports existing literature that real scenario of green banking is 

growing steadily. Slow increasing adaptation of green banking is pessimism because the banks are 

perpetual members of a country. Bangladesh Bank made a fund for environment friendly project 

but only 21% was disbursement till last 3 years. Bank management have less interested on lending 

principle of green initiative projects.   

At present all banks urgent need to enhance knowledge & awareness about business 

technology so that we can make our business environment human friendly. Government should 

encourage to all general people about the advantages of green banking system by providing 

necessary information in various social media. 

RECOMMENDATION 

 Green banking regulations must be followed by all schedule banks in accordance with the 

Bangladesh Bank's green banking guidelines. As a result, State-owned Commercial Banks 

(SCBs) and Specialized Development Banks (SDBs) would effectively implement green 

banking.  

 The Bangladesh Bank must keep track of all banks' green banking activities and take 

corrective action to assign budgets to environmentally sustainable sectors. A database may 

be created for professional assistance as well.  

 It is important that all relevant bodies work together. Knowledge networking is the most 

effective and beneficial method for peer groups.  

 Authorities must make every effort to develop the most critical measures in the banking 

sector. As a result, green banking presents customers with a strong understanding of the 

economy as well as environmentally sustainable corporate practices. Through funding 

more and more environmentally sustainable schemes, banks can ensure that funds are 

available for projects that are environmentally friendly or ethical in nature.  

o Hybrid Hoffman Kiln (HHK) projects. 

o Green Bond 

o Green Savings Account 

o Green Mortgages 

o Green credit cards 

o Mobile banking and online banking 

o Hybrid Hoffman Kiln (HHK) projects. 

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 Government should take appropriate steps to make conscious common people about 

importance of eco-friendly smart banking. Uses of papers is leading to the environment to 

destruction by encourage flattening of plants. To keep our environment green banks should 

reduce the use of papers or begin the use of eco-friendly papers. Representatives should 

minimize unnecessary printing and use flip over while printing. 

 Assessing environment risk essential for bank to invest in a project. Banks should monitor 

existing environment friendly products and introduce new environment friendly products 

such as 

o Green Home Loan, 

o Green Car Loan 

o Auto Brics industry 

o LPG bottoling Plant 

o Solar home system 

o Effluent Treatment Plant (ETP) 

o Bio gas plant 

o Bio fertilizer plant 

 Deposits are one of the main functions of bank. Banks give lucrative deposit services to 

collect money from the clients. Banks should be introducing environment friendly deposit 

products under online management. 

 Alternative Delivery Channels (ADC) should be introduced in all schedule banks. It 

expands the reach of services beyond the traditional bank branch channel. So State-owned 

Commercial Banks (SCBs) and Specialized Development Banks (SDBs) should practice 

Alternative Delivery Channels appropriately.  

 Banks can play a vital role in against natural disasters. Banks can provide financial 

supports, aids and interest free loans and so on after such differing circumstance to support 

the sufferers to survive in the newer environment. Several seminar and symposium on 

environmental pollution arranged by banks may make their clients more conscious to adapt 

green banking activities. 

CONCLUSION 

In today's financial landscape, green banking has become a hot topic. Green banking operations, 

both in theory and in reality, are updated with the help of bank management. Both scheduled banks 

must now not only allocate budget for green financing, green events or green initiatives as part of 

their corporate social responsibility (CSR) operations, green promotion, and capacity building, but 

also ensure that the budget allocation is used efficiently. Bangladesh Bank has the regulatory 

authority to audit commercial banks to see whether they are following green banking policies in 

order to combat the country's own emissions. Green banking is thought to ask for capital in the 

short term but provide long-term growth. Finally, the researcher believes that it is past time to 

strengthen green banking policies in the banking sector in order to promote the use of renewable, 

efficient energy from nature (GREEN).  

 

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32-37. 

 

Chowdhury, M. A. A., & Dey, M. (2016). Green banking Practices in Bangladesh. The Cost and 

Management, 44(2), 34-39. 

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Chen, Z., Hossen, M. M., Muzafary, S. S., & Begum, M. (2018). Green banking for environmental 

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