Current Position of Banks in the Practice of Green Banking in Bangladesh: An Analysis on Private Sector Commercial Banks in Bangladesh

Abstract

Climate change and global warming has become one of the crying issue of recent time throughout the world. As one of the solutions to these problems, green financing has been welcomed in many countries especially commercial banks are suggested to devote themselves in this area. The commercial banks of Bangladesh are not lagging behind in this race. So our current study focuses on the areas of green banking practiced by the private sector commercial banks in Bangladesh. From our analysis, we found that all the banks in our sample have involve themselves in green financing projects under which they emphasize on renewable energy, solar energy, bio gas plant projects. Besides a good number of sample banks have adopted ATM service, Online Banking and SMS banking facilities as well as have established green branches. Many banks have also promoted social awareness program, reduced electricity and water consumption initiatives.

Keywords: Green banking, commercial banks, global warming