Industry lessons for green banking in Malaysia

Pek, Chuen Khee; Tan, Hui Boon; Kim, Chung Hee; Ang, Patricia M.

doi:10.1504/ijge.2019.104506

Cited by 3 publications

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“…This can be seen in several existing policies, such as the Sustainable and Responsible Investment (SRI) Sukuk Framework, the Sustainable and Responsible Investment (SRI) roadmap for the The Government of Malaysia has made several vigorous attempts to implement green banking in the country, namely, by establishing the Malaysian Green Technology Corporation (MGTC) to oversee the operation of the National Green Technology Policy (Pek et al, 2019) The Green Technology Financing Scheme was created to prepare concessional loans to businesses eligible for green projects. These loans, worth MYR1.5 billion, were intended to drive green growth in their respective sectors under the 2010 Malaysian Budget (Pek et al, 2019). In support of the government's efforts, Malaysia Debt Ventures Bhd (MDV) also launched a MYR 300 million financing program that assists various industries with green investment (Pek et al, 2019).…”

Section: Resultsmentioning

confidence: 99%

“…These loans, worth MYR1.5 billion, were intended to drive green growth in their respective sectors under the 2010 Malaysian Budget (Pek et al, 2019). In support of the government's efforts, Malaysia Debt Ventures Bhd (MDV) also launched a MYR 300 million financing program that assists various industries with green investment (Pek et al, 2019). The government also cooperates with and encourages commercial banks to offer green loans.…”

Section: Resultsmentioning

confidence: 99%

“…The Government of Malaysia has made several vigorous attempts to implement green banking in the country, namely, by establishing the Malaysian Green Technology Corporation (MGTC) to oversee the operation of the National Green Technology Policy (Pek et al, 2019) The Green Technology Financing Scheme was created to prepare concessional loans to businesses eligible for green projects. These loans, worth MYR1.5 billion, were intended to drive green growth in their respective sectors under the 2010 Malaysian Budget (Pek et al, 2019). In support of the government’s efforts, Malaysia Debt Ventures Bhd (MDV) also launched a MYR 300 million financing program that assists various industries with green investment (Pek et al, 2019).…”

Section: Resultsmentioning

confidence: 99%

See 2 more Smart Citations

The Emergence of Green Banking: A Sustainable Financing Strategy for Protecting Against Deforestation in ASEAN

Hermawan,

Khoirunisa

2023

The Journal of Environment & Development

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ASEAN countries face significant environmental challenges contributing to climate change, biodiversity loss, deforestation, and soil degradation. Green banking can help redirect investments toward environmentally friendly activities and discourage deforestation by incentivizing sustainable financing and penalizing unsustainable practices. The article examines the potential benefits of green banking in promoting sustainable financing and discusses the challenges and opportunities for its implementation in ASEAN countries. This article was prepared using a simplified PRISMA method using selected literature and legal materials. The findings suggest that green banking can be vital in promoting sustainable financing and addressing deforestation in ASEAN countries. However, it requires a collaborative effort from stakeholders, including financial institutions, policymakers, and civil society. Importantly, there is a need for legal norms in several ASEAN to be carefully reformulated to support green banking performance.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

See 1 more Smart Citation

The Emergence of Green Banking: A Sustainable Financing Strategy for Protecting Against Deforestation in ASEAN

Hermawan,

Khoirunisa

2023

The Journal of Environment & Development

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Pathways towards Green Banking adoption: moderating role of top management commitment

Bukhari

Hashim

Amran

2022

IJOES

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Purpose The purpose of this study is to empirically examine the determinants and outcomes of Green Banking adoption and the moderating influence of top management commitment under the corporate environmental ethics ideology. External stakeholder pressures are analyzed as determinants of Green Banking adoption. Brand image and operational efficiency are examined as outcomes of this business ideology. Green Banking adoption is adapted as a second-order construct with four first-order reflective constructs to ensure in-depth conceptualization of the construct. Design/methodology/approach Green Banking adoption is studied at the bank branch level in a developing country, i.e. Pakistan. The data is collected from the branch managers of 212 bank branches from five major cities of Pakistan through mails. Self-administered survey was used for the data collection. The data was analyzed through the application of partial least square-structured equation modeling in SMART PLS 3.2.9. The measurement model and the structural model of the research framework were analyzed through the two-stage approach of the second-order analysis. Findings The results indicate a positive relationship between customer and competitor pressure and Green Banking adoption among bank branches in Pakistan depicting an influence of various environmental ethical pressures on bank’s adoption practices. Community pressure was shown to have no significant influence on Green Banking adoption at the branch level. The moderator of top management commitment caused a positive influence on the relationship between all the studied stakeholder pressures and Green Banking adoption. Branch managers reported branch image and operational efficiency to be enhanced due to Green Banking adoption. Originality/value This study attempts to fill in the significant gap in Green Banking adoption literature through an empirical analysis of Green Banking’s second-order construct. Currently, limited literature exists on the various aspects of Green Banking adoption, and an empirical study has not been conducted at the bank branch level. The study contributes significant practical, theoretical and methodological contributions to the area of Green Banking.

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Sürdürülebi̇li̇r Yeşi̇l Bankacalik Ve Türki̇ye Açisindan Bi̇r Değerlendi̇rme

Elitaş,

Arslan

2024

Finans Ekonomi Ve Sosyal Araştırmalar Dergisi

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Son yıllarda çevresel sorunların ve sosyal eşitsizliklerin artması, iklim değişikliği gibi küresel zorlukların fark edilmesi ve finans sektörünün bu sorunlarda önemli bir rol oynadığı yadsınamaz bir gerçektir. Küresel boyutta hissedilmeye başlanan bu problemlerin sonucunda yatırımcıların ve tüketicilerin çevresel ve sosyal sorumluluğa daha fazla önem vermesi, şirketlerin ve finans kurumlarının sürdürülebilirlik konusunda daha şeffaf ve hesap verebilir olma ihtiyacı bu yaklaşımın gelişmesini hızlandırmıştır. Bankalar benimsemiş olduğu sürdürülebilir yeşil finans hedefleri doğrultusunda kısa vadeli kar odaklı değil, aynı zamanda uzun vadeli sürdürülebilirlik ve toplumsal fayda odaklı bir finansal yaklaşımı kabul etmektedirler. Bu çalışmada Türkiye’de sürdürülebilir yeşil bankacılık, yeşil bankacılıkta kullanılan krediler ve internet ve mobil bankacılık kullanım oranları incelenmiştir. Mobil kullanım oranlarındaki artış her ne kadar dikkat çekici olsa da sürdürülebilir uygulamaların artması için daha fazla iş birliği, şeffaflık ve uluslararası standartların oluşturulması gerekmektedir.

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Industry lessons for green banking in Malaysia

Cited by 3 publications

References 0 publications

The Emergence of Green Banking: A Sustainable Financing Strategy for Protecting Against Deforestation in ASEAN

The Emergence of Green Banking: A Sustainable Financing Strategy for Protecting Against Deforestation in ASEAN

Pathways towards Green Banking adoption: moderating role of top management commitment

Sürdürülebi̇li̇r Yeşi̇l Bankacalik Ve Türki̇ye Açisindan Bi̇r Değerlendi̇rme

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