Green banking: Future important issue for banking industry
Md. Aminul Islam
The scientific name of environmental study is Ecology. More specifically if we define Environmental study or Ecology it means "the scientific study of relation of plants and living organisms to each other and their surroundings." We know this planet "Earth" is the only green planet created by Allah Subhanu Taala. Now, this planet is in danger due to over exploitation and greediness of the humanity. All other fauna and flora are also in danger and already many species have disappeared from this planet due to rapid change of ecosystem.
The term Green Banking is now popular worldwide now-a-days. It is for ...view middle of the document...
Environmental protection is not in a priority list of banks in Bangladesh till date. On the other hand, many banks in the developed world have already started green banking activities. Taking lessons from these banks and also considering the guidelines of international organisations as well as charters of environmental conventions, we also suggest some guidelines of green banking:
Strategic plans of banks to protect the Environment: Banks must adopt a strategic plan to perform green activities on long term basis as well as short term basis. Government of Bangladesh (GOB) should also outline a broad guideline of green banking for environmental protection, conservation of biodiversity. Bangladesh Bank, the central bank, has a greater role in shaping up a concrete guideline for green banking practices in Bangladesh. According to GOB and central bank, each banks and financial institutions can formulate a strategy and guideline for Green Banking and Green Financing.
It will be obligatory for each person to show respect to the environmental issues. Otherwise, the environments where the concerned person lives will be inhabitable and as whole the country and the globe will no longer be safe place. We have to use resources carefully and keep in the mind that the reserve of the resources is not unlimited and its excessive use may endanger the future generation. We have to think that each of our activity has a specific impact on the environment. As a best creation of Almighty, we have greater role to conserve the environment, maintain biodiversity, not to endanger other fauna and flora and above all a green, healthy planet for safe and sound living of our future generations. Since banking industry is a vital institution in the economic and business activity round the world, bankers can not remain indifferent to this burning issue. A banker or a banking industry may address many issues to save environmental degradation and conserve the ecological balance.
Practice of in-house Green Banking: 1) Waste Management: A green banker must be cautious about wastage and waste management. We should try to control the wastage of resources like water, gas, electricity, paper, foods etc. For example, if we draft our letters on a computer rather than in paper, it will save millions of paper as well as thousands of trees that provide raw materials for paper production. Similarly, if we select a location of the branch of a bank with sufficient access to light and air, it will save huge electricity and create a healthy environment. Wastages must be grouped like organic and inorganic wastage. Organic materials like food, vegetables, animals etc. can be recycled for manure, gas and electricity etc. The inorganic material like paper, bottles, pots etc. can be recycled. Wet and degradable materials can be processed directly keeping under the soil. The recycling materials should be disposed off at the respective disposal site and the rotten items should be buried...