Study of Green Banking Practices in the Sri Lankan Context: A Critical Review

Fernando, P.M.P.; Fernando, K. S. D.

doi:10.1007/978-981-10-3566-1_10

Cited by 6 publications

(4 citation statements)

References 14 publications

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“…Customers who also pay attention to environmental sustainability will not worry that their bank of choice will not contribute to nature conservation. This statement is in line with Fernando and Fernando (2016) that banks are in the process of introducing paperless and information technology-oriented banking products and services to customers and potential customers and banking is also focused on sustainable development.…”

Section: Paperlesssupporting

confidence: 73%

Framework of Green Banking and Green Corporate Governance in Indonesian

2023

IJFMR

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Inflation is one of the most widely tested economic variables both theoretically and empirically. Stable inflation is a sign that sustainable economic growth provides benefits for improving people's welfare. This study aims to analyze the impact of Covid-19 on volatility inflation in Indonesian. The method used in this study is the ARIMA model. The results of this study are the ARMA (1.1.0) model suitable for testing inflation volatility in Indonesia. Forecasting results show that inflation over the next 5 months or until December 2022 tends to decrease. From the prediction results, the policy that can be applied to business sector actors is to carry out operational (marketing) activities carried out with an online system. The next policy that can be applied to companies is tax relaxation and easy access to credit to banks. Finally, the policies that can be applied due to the decline in commodity prices in the food and beverage and tobacco sectors are capital assistance and production equipment assistance for business actors.

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Section: Paperlesssupporting

confidence: 73%

Framework of Green Banking and Green Corporate Governance in Indonesian

2023

IJFMR

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“…Operations-related GB strategies refer to deliberate activities and practises implemented by banking institutions to effectively incorporate the concepts of environmental sustainability and responsible resource management into their day-to-day operations. By implementing operations related GB strategies, including maximising energy consumption via effective systems, boosting remote work to cut down on travel, encouraging paperless transactions, and embracing renewable energy sources for facility powering, banks may successfully handle carbon emission concerns [35,61,[71][72][73]. These emission reduction measures are essential not just for the environment but also for the overall functioning of banks.…”

Section: Operations-related Gb Strategies and Bank's Green Financingmentioning

confidence: 99%

Green Financing as a Bridge Between Green Banking Strategies and Environmental Performance in Punjab, India

Bansal,

Taneja,

Ozen

2023

IJSDP

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Green banking (GB), which aligns financial practices with environmental sustainability, is becoming increasingly important in solving modern global concerns such as climate change and resource conservation. This research examines the notion of GB and its significant consequences for the environmental performance of the banking sector in Punjab (India). The unique economic and environmental characteristics of Punjab makes it an essential area for investigating the implementation of GB strategies. The research focuses on the intricate relationship between operations-related GB strategies and a bank's environmental performance, particularly emphasizing the mediation of banks' green financing. Data for this study was meticulously gathered from public and private sector bank employees, comprising 290 participants. Structural Equation Modeling (SEM) method was utilised for the analysis and the findings demonstrate a statistically significant and positive relationship among the variables indicated above. Furthermore, the research reveals that green finance partially mediates this relationship. These results have far-reaching implications for the banking sector's various stakeholders. This research can help regulatory authorities and policymakers in the conceptualization of laws and regulations that encourage green banking adoption. Banking institutions, in turn, may use this knowledge to improve their strategies and operations, improving environmental performance while preserving financial stability.

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“…This concept is measured from three dimensions: profit, planet, and people. The triple bottom line is a concept applied to measure company performance in which banks has started realising its importance (Fernando & Fernando, 2017), manifested as a part of sustainable finance framework. The adjustments made by the financial industry to achieve sustainability is by developing the financing and investment for sustainable development concept (Feng & Ru, 2019).…”

Section: Introductionmentioning

confidence: 99%

“…The adjustments made by the financial industry to achieve sustainability is by developing the financing and investment for sustainable development concept (Feng & Ru, 2019). This concept requires that the financial industry in addition to being profit-oriented (profit), must also contribute to creating the welfare of the people (people) and protecting the environment (planet) (Fernando & Fernando, 2017). Fatemi and Iraj (2013) argue that an approach that only maximises money generating capability for shareholders from now on is no longer a valid guide to create sustainable wealth.…”

Section: Introductionmentioning

confidence: 99%

CEO Characteristics and Environmental Performance: Evidence from Indonesian Banks

Sumarta

Prabowo

Amidjaya

et al. 2021

IJBS

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Following the paradigm shift of company performance, from merely financial aspects to the balance between economics and environmental aspects, a study that explores the drivers of company environmental performance is indispensable. This study aims to empirically examine the role of CEO characteristics in determining the environmental performance from CEO's gender, age, expertise, and international experience in Indonesian banks. We use secondary data from banks' annual and sustainability reports that were analysed using panel data regression. The results demonstrate that CEO's international experience and education level positively affect bank's environmental performance while foreign CEO and CEO's abroad study exhibit negative effect. Our findings emphasise that CEO plays a great role in initiating banks' environmental activities. CEO's decision is crucial to adopt environmental practice that leads to better environmental performance. The study contributes to the Indonesian literature by providing empirical evidence of CEO factors in determining banks' environmental performance, in which there are very limited studies examining the role of CEO. We also suggest the Indonesian Financial Service Authority to encourage banks to deliver higher environmental contribution by maximizing the role of CEO.

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Study of Green Banking Practices in the Sri Lankan Context: A Critical Review

Cited by 6 publications

References 14 publications

Framework of Green Banking and Green Corporate Governance in Indonesian

Framework of Green Banking and Green Corporate Governance in Indonesian

Green Financing as a Bridge Between Green Banking Strategies and Environmental Performance in Punjab, India

CEO Characteristics and Environmental Performance: Evidence from Indonesian Banks

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