Research Gateway

Abstract

Preservance of environment and Sustainable development are actually recognized internationally as overriding imperatives to safeguard our world from the ravages inflicted onto it by mankind. Green Banking is a real way to sustainable economical growth. Banks play a crucial role in economical development and they are well equipped to attempt Green Banking activities. A fresh rising mantra within the bank sector is certainly going green. The word Green refers a wide range of sociable, environmental and ethical dimensions. Green Banking is one of banking activities that focus on socio monetary and environmental (Ecological) factors with a try to protect the surroundings and conserve natural resources. Since banking institutions are one of the key professional establishments that connect to the masses, they could adopt renewable activities of their organizations and affect their customers to come about the environment. Green Bank is a multi stakeholders’ undertaking where bankers have to work meticulously with administration, NGOs, IFIs/IGOs, Central Standard bank, consumers and business neighborhoods to attain the goal. Green initiatives by banks include internal environment management, environmental financing/product ecology, environmental reporting and disclosure, adopting and formulating guidelines and promoting other stakeholders.