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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
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    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.
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