IDEAS home Printed from https://ideas.repec.org/a/bjc/journl/v11y2024i11p751-766.html
   My bibliography  Save this article

Scenario of Green Banking and Green Finance in the Economy of Bangladesh

Author

Listed:
  • Debobrota Kumar Sarker

    (Managing Director & CEO, South Asia Research and Corporate and Advisory Ltd, Dhaka, Bangladesh)

  • Shompa Rani Shaha

    (South Asia Research and Corporate and Advisory Ltd, Dhaka, Bangladesh)

  • Deepongkor Saha

    (South Asia Research and Corporate and Advisory Ltd, Dhaka, Bangladesh)

  • Saurav Sarker

    (South Asia Research and Corporate and Advisory Ltd, Dhaka, Bangladesh)

  • Dr. Mrinal Kanti Saha

    (EQMS Consulting Limited, Dhaka, Bangladesh)

  • S. Mridul Kanti Saha

    (Gono Bishwabidyalay, Savar, Bangladesh)

  • Bipul Kumar Sarker

    (Habibullah Bahar College, Dhaka, Bangladesh)

Abstract

Green banking, green financing in green projects and sustainable finance are very popular and significant terms to build up an environment friendly and green economy. This study is aiming at evaluating the performance and present scenario of green banking, green financing in Bangladesh with a focus on the financial sector’s integration of environmental sustainability in banking practices. By physical visit to check out green banking practices and collecting data from some selected commercial banks and analyzing data of Bangladesh Bank and the performance reports of the sample commercial banks, the research tries to find out the trend of green banking and green financing practices in Bangladesh with an effort to achieve the UN Sustainable Development Goals. Through trend analysis, it assesses a result that in recent years there is a rising trend in practicing green banking and green financing under sustainable finance. Some challenges in green banking practices are also discussed with some recommendations for strengthening green banking practices in Bangladesh. As the study is done with the latest financial data analysis, it is expected to help the policy makers to take more effective action plan for increasing green banking practices and green financing in Bangladesh to achieve the sustainability in advancement with green economy.

Suggested Citation

  • Debobrota Kumar Sarker & Shompa Rani Shaha & Deepongkor Saha & Saurav Sarker & Dr. Mrinal Kanti Saha & S. Mridul Kanti Saha & Bipul Kumar Sarker, 2024. "Scenario of Green Banking and Green Finance in the Economy of Bangladesh," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 11(11), pages 751-766, November.
    • Handle: RePEc:bjc:journl:v:11:y:2024:i:11:p:751-766
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijrsi/digital-library/volume-11-issue-11/751-766.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijrsi/articles/scenario-of-green-banking-and-green-finance-in-the-economy-of-bangladesh/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Xin Zhang & Zhihui Wang & Xiaobing Zhong & Shouzhi Yang & Abu Bakkar Siddik, 2022. "Do Green Banking Activities Improve the Banks’ Environmental Performance? The Mediating Effect of Green Financing," Sustainability, MDPI, vol. 14(2), pages 1-18, January.
    2. Nazamul Hoque & Md. Masrurul Mowla & Mohammad Shahab Uddin & Abdullahil Mamun & Mohammad Rahim Uddin, 2019. "Green Banking Practices in Bangladesh: A Critical Investigation," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(3), pages 58-68, March.
    3. Jing Chen & Abu Bakkar Siddik & Guang-Wen Zheng & Mohammad Masukujjaman & Sodikov Bekhzod, 2022. "The Effect of Green Banking Practices on Banks’ Environmental Performance and Green Financing: An Empirical Study," Energies, MDPI, vol. 15(4), pages 1-22, February.
    4. Esther An, 2023. "Accelerating sustainability through better reporting," Sustainability Accounting, Management and Policy Journal, Emerald Group Publishing Limited, vol. 14(4), pages 904-914, July.
    5. Wang, Quan-Jing & Wang, Hai-Jie & Chang, Chun-Ping, 2022. "Environmental performance, green finance and green innovation: What's the long-run relationships among variables?," Energy Economics, Elsevier, vol. 110(C).
    6. Zhang, Dayong & Zhang, Zhiwei & Managi, Shunsuke, 2019. "A bibliometric analysis on green finance: Current status, development, and future directions," Finance Research Letters, Elsevier, vol. 29(C), pages 425-430.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jing Chen & Abu Bakkar Siddik & Guang-Wen Zheng & Mohammad Masukujjaman & Sodikov Bekhzod, 2022. "The Effect of Green Banking Practices on Banks’ Environmental Performance and Green Financing: An Empirical Study," Energies, MDPI, vol. 15(4), pages 1-22, February.
    2. Jie Han & Wei Zhang & Cem Işık & Wenju Zhao & Muhammad Anas & Qinglan Zheng & Danxi Xie & Satar Bakhsh, 2024. "Sustainable development pathways: Exploring the impact of green finance on urban metabolic efficiency," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(6), pages 7226-7245, December.
    3. 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.
    4. Guang-Wen Zheng & Abu Bakkar Siddik & Mohammad Masukujjaman & Nazneen Fatema & Syed Shah Alam, 2021. "Green Finance Development in Bangladesh: The Role of Private Commercial Banks (PCBs)," Sustainability, MDPI, vol. 13(2), pages 1-17, January.
    5. Ming Chen & Lina Song & Xiaobo Zhu & Yanshuo Zhu & Chuanhao Liu, 2023. "Does Green Finance Promote the Green Transformation of China’s Manufacturing Industry?," Sustainability, MDPI, vol. 15(8), pages 1-22, April.
    6. Lygnerud, Kristina & Romanchenko, Dmytro & Unluturk, Burcu & Popovic, Tobias & Schultze, Sebastian, 2025. "Analysis of the impact of the EU Taxonomy on investments in District Heating," Energy Policy, Elsevier, vol. 198(C).
    7. Candelon, Bertrand & Hasse, Jean-Baptiste, 2023. "Testing for causality between climate policies and carbon emissions reduction," Finance Research Letters, Elsevier, vol. 55(PA).
    8. Sadiq, Muhammad & Nawaz, Muhammad Atif & Sharif, Arshian & Hanif, Sobia, 2024. "Bridging green supply chain practices and environmental performance in Chinese semiconductor sector: With the role of energy efficiency and green HRM," International Journal of Production Economics, Elsevier, vol. 277(C).
    9. Liang, Zhiying & Chen, Jian & Jiang, Dayang & Sun, Yunpeng, 2022. "Assessment of the spatial association network of green innovation: Role of energy resources in green recovery," Resources Policy, Elsevier, vol. 79(C).
    10. Wang, Ke & Wang, Yi-Wei & Wang, Quan-Jing, 2022. "Will monetary policy affect energy security? Evidence from Asian countries," Journal of Asian Economics, Elsevier, vol. 81(C).
    11. Sun, Xiaolei & Liu, Chang & Wang, Jun & Li, Jianping, 2020. "Assessing the extreme risk spillovers of international commodities on maritime markets: A GARCH-Copula-CoVaR approach," International Review of Financial Analysis, Elsevier, vol. 68(C).
    12. Shaoliang Li & Xiazhong Zheng & Qin Zeng, 2023. "Can Green Finance Drive the Development of the Green Building Industry?—Based on the Evolutionary Game Theory," Sustainability, MDPI, vol. 15(17), pages 1-17, August.
    13. Xinmeng Tang & Xiaoguang Zhou & Moustafa Mohamed Nazief Haggag Kotb Kholaif, 2024. "Does green finance achieve its goal of promoting coordinated development of economy–environment? Using the pollutant emission efficiency as a proxy," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(4), pages 9973-10002, April.
    14. Xuan, Siyuan & Song, Daqiang & You, Guomin, 2024. "Financial risk prevention and corporate green innovation: A quasi-natural experiment based on the new asset management regulation," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
    15. Baur, Dirk G. & Oll, Josua, 2022. "Bitcoin investments and climate change: A financial and carbon intensity perspective," Finance Research Letters, Elsevier, vol. 47(PA).
    16. Tanjida Nur Mostafa, 2025. "Exploring the Economic Impact of Green Financing: A Case Study of Bangladesh’s Loan Disbursement Initiatives," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(15), pages 306-321, February.
    17. Quan-Hoang Vuong & Huyen Thanh T. Nguyen & Thanh-Hang Pham & Manh-Toan Ho & Minh-Hoang Nguyen, 2021. "Assessing the ideological homogeneity in entrepreneurial finance research by highly cited publications," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-11, December.
    18. Wang, Moran & Li, Xuerong & Wang, Shouyang, 2021. "Discovering research trends and opportunities of green finance and energy policy: A data-driven scientometric analysis," Energy Policy, Elsevier, vol. 154(C).
    19. Gholipour, Hassan F. & Arjomandi, Amir & Yam, Sharon, 2022. "Green property finance and CO2 emissions in the building industry," Global Finance Journal, Elsevier, vol. 51(C).
    20. Chao Li & Alexander Ryota Keeley & Shutaro Takeda & Daikichi Seki & Shunsuke Managi, 2025. "Investor's ESG tendency probed by pre‐trained transformers," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(2), pages 2051-2071, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bjc:journl:v:11:y:2024:i:11:p:751-766. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Renu Malsaria (email available below). General contact details of provider: https://rsisinternational.org/journals/ijrsi/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.