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Green banking: the case of commercial banking sector in Oman

Author

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  • Mohammad Dulal Miah

    (University of Nizwa)

  • Syed Mahbubur Rahman

    (American International University-Bangladesh (AIUB)
    International Institute for Ecological Negotiation (INNÉ))

  • Mahreen Mamoon

    (BRAC University)

Abstract

This paper aims at examining the current environmental status of commercial banks in Oman. In particular, the research attempts to identify initiatives that Omani banks undertake to reduce their carbon footprints and the drivers that influence these banks to act environmentally. To achieve these objectives, we have interviewed 22 randomly selected individuals with varied positions from managing director to branch manager using a semi-structured questionnaire. The interview reveals some important findings: (1) Banks' environmental initiatives that reflect on their day-to-day activities are confined merely to recycling and reduced consumption of paper and energy, (2) although most banks think that eco-projects can be effectively implemented through the banking system, this opportunity remains largely untapped so far (3) most banks recognize the need for separate guidelines issued by the central banks for environmental initiatives and disclosure. The result of this research will help policymakers formulate appropriate environment regulatory policies required for mitigating carbon footprint in Oman.

Suggested Citation

  • Mohammad Dulal Miah & Syed Mahbubur Rahman & Mahreen Mamoon, 2021. "Green banking: the case of commercial banking sector in Oman," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(2), pages 2681-2697, February.
    • Handle: RePEc:spr:endesu:v:23:y:2021:i:2:d:10.1007_s10668-020-00695-0
    DOI: 10.1007/s10668-020-00695-0
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    Cited by:

    1. Vera Mirovic & Branimir Kalas & Ines Djokic & Nikola Milicevic & Nenad Djokic & Milos Djakovic, 2023. "Green Loans in Bank Portfolio: Financial and Marketing Implications," Sustainability, MDPI, vol. 15(7), pages 1-14, March.
    2. Sonia Umair & Umair Waqas & Beata Mrugalska & Ibrahim Rashid Al Shamsi, 2023. "Environmental Corporate Social Responsibility, Green Talent Management, and Organization’s Sustainable Performance in the Banking Sector of Oman: The Role of Innovative Work Behavior and Green Perform," Sustainability, MDPI, vol. 15(19), pages 1, September.
    3. Teresa C. Herrador-Alcaide & Montserrat Hernández-Solís & Susana Cortés Rodríguez, 2023. "Mapping barriers to green supply chains in empirical research on green banking," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-16, December.

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