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The Journey of Pakistan’s Banking Industry Towards Green Banking Adoption

Author

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  • Syed Asim Ali Bukhari
  • Fathyah Hashim
  • Azlan Amran

Abstract

Green Banking adoption has gained momentum in the past few decades in both the developed and developing economies. The green movement in the banking sector has been triggered due to its potentially adverse role in global natural environmental degradation and natural resource depletion. A number of banking operations have the potential to harm the natural environment, both directly and indirectly. Due to this, many countries have started working on greening their banking sectors. Pakistan is among the top countries threatened by climate change, environmental degradation and resource depletion. The country is currently at the initial stages of Green Banking adoption. This case study follows the Green Banking adoption journey of Pakistan’s banking industry in light of the obstacles faced, milestones achieved and the learning outcomes for the other developing countries struggling from environmental degradation. This case study can serve as a learning tool for the regulatory authorities and other concerned stakeholders of developing economies in need of Green Banking adoption.

Suggested Citation

  • Syed Asim Ali Bukhari & Fathyah Hashim & Azlan Amran, 2020. "The Journey of Pakistan’s Banking Industry Towards Green Banking Adoption," South Asian Journal of Business and Management Cases, , vol. 9(2), pages 208-218, August.
    • Handle: RePEc:sae:sajbmc:v:9:y:2020:i:2:p:208-218
    DOI: 10.1177/2277977920905306
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    References listed on IDEAS

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    1. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    2. Imran, Muhammad & Haydar, Sajjad & Kim, Junbeum & Awan, Muhammad Rizwan & Bhatti, Amanat Ali, 2017. "E-waste flows, resource recovery and improvement of legal framework in Pakistan," Resources, Conservation & Recycling, Elsevier, vol. 125(C), pages 131-138.
    3. Abas, N. & Kalair, A. & Khan, N. & Kalair, A.R., 2017. "Review of GHG emissions in Pakistan compared to SAARC countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 990-1016.
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    Citations

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    Cited by:

    1. Meenakshi Sharma & Akanksha Choubey, 2022. "Green banking initiatives: a qualitative study on Indian banking sector," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 293-319, January.
    2. Sobia Jamil & Syed Imran Zaman & Yasanur Kayikci & Sharfuddin Ahmed Khan, 2023. "The Role of Green Recruitment on Organizational Sustainability Performance: A Study within the Context of Green Human Resource Management," Sustainability, MDPI, vol. 15(21), pages 1-31, November.
    3. Abdul Aziz Khan Niazi & Tehmina Fiaz Qazi & Hira Tanweer Butt & Ifra Aziz Khan Niazi & Abdul Basit, 2023. "A Structural Analysis of Barriers Being Faced by Green Banking Initiatives in Pakistan," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(2), pages 182-199.
    4. Wajeeha Aslam & Syed Tehseen Jawaid, 2023. "Systematic Review of Green Banking Adoption: Following PRISMA Protocols," IIM Kozhikode Society & Management Review, , vol. 12(2), pages 213-233, July.

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