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Green financing in Bangladesh: challenges and opportunities - a descriptive approach

Author

Listed:
  • Md. Ariful Islam
  • Salahuddin Yousuf
  • Kh. Fahim Hossain
  • Md. Rayhan Islam

Abstract

Financial Institutions (FIs), the key constituent for the development of a country, can improve their service level along with enhanced social responsibility through the practice of 'green financing'. Initiatives have been taken to practice green financing throughout the economy covering banks and other non-bank financial institutions in Bangladesh. This qualitative study aims to bring out the challenges % opportunities for green banking in Bangladesh based on an examination of published information such as research papers, sustainability reports from different banks and environmental organisations, published documents of the Bangladesh bank and consultation with bankers. In addition to the portrayal of current green banking practices in Bangladesh, this paper establishes the major challenges such as the incorporation of environmental parameters, effective policy formulation, the creation of homogenous environments and other aspects. The findings of this study show opportunities to improve green banking practice such as the improvement of online financing/banking, separate green financing/banking unit, incorporation of environmental risk with the core risks and other views of policy formulation.

Suggested Citation

  • Md. Ariful Islam & Salahuddin Yousuf & Kh. Fahim Hossain & Md. Rayhan Islam, 2014. "Green financing in Bangladesh: challenges and opportunities - a descriptive approach," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 8(1), pages 74-91.
    • Handle: RePEc:ids:ijgrec:v:8:y:2014:i:1:p:74-91
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    Cited by:

    1. Tanaya Saha & Avik Sinha & Shujaat Abbas, 2022. "Green financing of eco-innovations: is the gender inclusivity taken care of?," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 5514-5535, December.
    2. Anh Huu Nguyen & Mai Hoang Thi Do & Thinh Gia Hoang & Loan Quynh Thi Nguyen, 2023. "Green financing for sustainable development: Insights from multiple cases of Vietnamese commercial banks," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 321-335, January.

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