Are microfinance institutions in South-East Asia pursuing objectives of greening the environment?

Mia, Aslam; Zhang, Miao; Cheng, Zhang; Kim, Yoomi

doi:10.1080/13547860.2018.1442147

Cited by 18 publications

(12 citation statements)

References 33 publications

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“…The negative consequences of climate change threaten sustainable living on this planet and call for practical and immediate solutions from both developed and developing countries, which require intensive efforts from every domain of the economy, especially financial institutions. Stakeholders are concerned about business activities that have adverse impacts on society and the environment [2]. As a result, paying greater attention to the environmental issues across the globe has exerted pressure on all industries to become greener, including the financial services and more particularly banks [3][4][5].…”

Section: Introductionmentioning

confidence: 99%

A Review of the Recent Developments of Green Banking in Bangladesh

2021

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This paper aims to explore the emergence of ‘Green Banking’ in Bangladesh, with a focus on the role of financial regulation and regulators in greening the financial sector. It also examines the contribution and involvement of banks and non-bank financial institutions in promoting green economic transition. The study is based on the review of secondary data collected from various sources, such as quarterly reports, annual reports, websites of the central bank of Bangladesh, and other commercial banks and non-bank financial institutions as well as various articles, and newspapers reports on green banking in Bangladesh. The collected data is reviewed using descriptive statistics. The research results reveal that the central bank of Bangladesh played a major role in greening the financial system of the country by implementing various green policies and regulatory measures. Although Bangladesh is still far behind the developed countries in terms of environmental performance, the country has made a remarkable progress in initiating and expanding green banking practices, infrastructure development, and accelerating green growth in recent years.

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Section: Introductionmentioning

confidence: 99%

A Review of the Recent Developments of Green Banking in Bangladesh

2021

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“…0.725 (5) 0.662 (7) 0.729 (5) 0.691 (5) 0.703 (5) 0.702 (5) m 5 0.505 (13) 0.475 (14) 0.481 (13) 0.481 (13) 0.511 (13) 0.472 (13) 0.526 (13) m 6 0.623 (9) 0.635 (9) 0.652 (9) 0.612 (9) 0.636 (9) 0.597 (9) 0.648 0.681 (6) 0.621 (7) 0.668 (6) 0.623 (6) 0.678 (6) m 16 0.646 (7) 0.709 (7) 0.685 (5) 0.635 (6) 0.6558 (7) 0.615 (7) 0.637…”

Section: Sensitivity Analysis Resultsunclassified

“…In recent years, in addition to social and financial sustainability, more and more studies have paid attention to the environmental sustainability of MFIs [13,14], focusing on green environment performance [32]. For example, Garcia-Perez et al [4] analyzed the sustainability definition of MFIs from economic, social, and environmental perspectives.…”

Section: Environment Protectionmentioning

confidence: 99%

“…The other is social sustainability, which focuses on social outreach. In recent years, in addition to social and financial sustainability, more and more studies have paid attention to the environmental sustainability of MFIs [13,14], analyzing the green environment performance of MFIs. A financially sustainable MFI is required, in order to achieve social and environmental sustainability [15].…”

Section: Introductionmentioning

confidence: 99%

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Evaluating the Sustainability of Microfinance Institutions Considering Macro-Environmental Factors: A Cross-Country Study

Liu

2019

Sustainability

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Microfinance institutions (MFIs) have attracted great attention, due to their significant role in poverty reduction. Given the features of MFIs, this paper proposes a novel hybrid model of soft set theory, and an improved order preference by similarity to ideal solution (HMSIT) to evaluate the sustainability of MFIs, considering accounting ratios, corporate governance factors, and macro-environmental factors, from a cross-country perspective. This setting enables the examination of the role of macro-environmental factors in the sustainability of MFIs. For this purpose, soft set theory is adopted to select optimal criteria. An improved order preference by similarity to ideal solution method, in which the weight of each criterion is determined by soft set theory, is proposed to rank the sustainability of MFIs. This algorithm enables HMSIT to make full use of various types of information. The case study uses cross-country samples. Results indicate that macro-environmental factors are significant in evaluating the sustainability of MFIs from a cross-country perspective. Particularly, they can play a key role in distinguishing MFIs with low sustainability. The results also indicate that HMSIT has strong robustness. Ranked results, produced from the proposed HMSIT are reliable enough to provide some managerial suggestions for MFIs and help stakeholders make decisions.

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“…A healthy economy must abhor extraordinary inequality but motivate altruism, which can be having more factors for others. Mainly, government, recognised organisations and personal businesses should work in funding and offering critical public goods and protecting the interests of upcoming decades (Mia et al, 2018).…”

Section: End Hungermentioning

confidence: 99%

Role of Islamic Microfinance Institutions for Sustainable Development Goals in Bangladesh

Uddin¹

2020

JIBM

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The goal of this paper is to explore the Islamic Microfinance Instruments (IMFs) in attaining sustainable development goals (SDGs) in Bangladesh. Propose a conceptual model along with exploring the efforts in attaining SDGs to fill the gap. The methodology of the study predicated on secondary data includes existing relevant literature, books and annual reports of easily sampled IMFs and Microcredit Regulatory Authority (MRA) in Bangladesh. The findings of the research show that microfinance organisations have a broader range to attain Sustainable Development Goals through their various investment modes. The analysis categorises the microfinance tools into large parts that are poverty decrease, end hunger for food, good health, equality education, clean drinking water, sanitation energy, gender equality, empowering women, and funding which have an optimistic effect to the real sector of the sustainable economic climate that will lead towards attaining SDGs. Microfinance organisations are carrying on their initiatives in attaining sustainable development goals through their various products. With growing the potentiality, microfinance has both direct and indirect effects on ensuring financial development, environmental sustainability, and social inclusion by creating work opportunity, distributing knowledge and skills, making self-dependent, protecting from undesirable effects. The paper also attempts to put suggestions to lessen the difficulties of microfinance performing as impediments to achieving the SDGs. Keywords: Sustainable Development Goals (SDGs), Microfinance Institutions (MFIs), Islamic Microfinance Institutions (IMFIs), Poverty, sustainability, Bangladesh

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Are microfinance institutions in South-East Asia pursuing objectives of greening the environment?

Cited by 18 publications

References 33 publications

A Review of the Recent Developments of Green Banking in Bangladesh

A Review of the Recent Developments of Green Banking in Bangladesh

Evaluating the Sustainability of Microfinance Institutions Considering Macro-Environmental Factors: A Cross-Country Study

Role of Islamic Microfinance Institutions for Sustainable Development Goals in Bangladesh

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