Written Part: Write an Essay about Green Banking. [15 Marks] For Sonali Bank Answer: I. Introduction: The word “Green Banking” is very common concept in the world. Global warming is a great issue in protection of hygienic society. There is high possibility of playing significant role of Green Banking in the global warming issue. The green banking concept is evolved in western countries and now is practiced in most of the countries in the world. It indicates endorsing environment-friendly practices and reducing carbon footprint from banking activities. Green banking is not just another corporate social responsibility activity; it is all about going beyond to keep the world livable without any significant damage. Green banking that considers all the social and environmental factors is also called ethical banking. The main objective of green Banking is to ensure the use of organizational resources in favor of the environment and society. Green banking as a concept is proactive and smart way of thinking with a vision for future sustainability of our only Spaceship earth. (Richard Buckminster Fuller, 16 November 2012). It evaluates all the factors before giving the loan whether the project is environment-friendly and has any implication on the future people and planet. Green finance as a branch of green banking makes significant contribution to the transition to resource efficient and low carbon industries i.e green industry and green economy in general. Green banking is a component of the global initiative by a group of stakeholders to put aside environment. Green banking or ethically responsible banks do not only advance their own initiatives but also affect socially responsible behavior of other business. In the age of global warming and climate change, delivering right services are not enough for clients but also practicing of green banking concept for friendly environmental issue as the corporate social responsibility is inevitable (CSR) to the target customer or clients and for sinking of global warming. The study is conducted only based of secondary data and these data are collected from annual report of, Dutch-Bangla Bank limited (DBBL), Prime Bank Limited, Islami Bank Bangladesh ltd (IBBL), Shajalal Islami Bank ltd, Pubali Bank ltd, Trust Bank ltd, Eastern Bank Ltd, United Commercial bank ltd(UCBL). Government as well as every bank should take initiatives in respect of green banking practices for protecting our environment. Bangladesh bank will emphasize with significance of green banking activities/practices of a bank while according permission for opening new bank branches and approval for launching new bank. Government should also encourage the general people about the green banking practices. The central bank should monitor or supervise commercial banks whether they are practicing green banking or not. So, every bank has to participate and contribute to green banking practices in todays extreme national and global banking competition.
Posted on: Tue, 09 Sep 2014 11:29:22 +0000
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