Green Management perspective
SOUTH EAST UNIVERSITY
Faculty, School of Business of SEU
Mohammad Azmir hossain
Date of Submission
March 8, 2014
Bangladesh is a country suffering from immense social, political, economic and environmental issues and these issues need to be addressed for the overall development of this country. However, we all know that the peoples of the whole world are concerned about the environmental degradation, especially the rising of global temperature and thereby ...view middle of the document...
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.
Objectives of the study:
The objectives of the study are as follows:
1. To analyze the green banking practices in Bangladesh;
2. To justify the prospects of green banking practices in Bangladesh;
3. To provide some suggestions in this regards.
Methodology & limitations of the study:
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). The Banks are selected on the basis of random sampling. In addition to this, the data is also collected through company‟s corporate profile, daily news paper, different journals & articles, bank‟s websites and Bangladesh bank‟s websites. The data are analyzed in aspect of practices and problems of green banking. Actually we did not interview of company executives for conducting the study. The findings of the study are reliable as the authentic sources of data. The major limitation of the study is that no primary data is involved in the study.
Rationale of the Study:
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.
An interview of the writer is a marine biologist, ecologist & AVP, Islami Bank Bangladesh Ltd about Green banking which is published in the Financial Express, I get the important information about it. According to him I know that the concept of Green Banking developed in the western countries, which has been replicated by many developing countries. It means the...