How green is the green banking in Bangladesh? An Evaluation of the Sustainable Investment Practices

Md Hafij Ullah, Parvez Mia

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

The banking sector plays a critical role in economic development while its activities are also equally responsible for social and environmental damage such as violation of human rights, loss of biodiversity, and climate change in Bangladesh. A careful examination of investing and financing activities disclosed in annual reports of 35 selected banks suggest that, while banks are taking several in-house and external green initiatives, many of them are also actively investing and funding projects like shipbreaking that threaten environmental sustainability and are prone to human rights violation. This chapter urges the government, policymakers, and central bank in developing policies and regulating banks; stakeholders in understanding banks' commitment and actions to safeguard the environment and human rights; and managers in measuring, reporting, and mitigating the social and environmental impact through their current and future lending policies.
Original languageEnglish
Title of host publicationGlobal Approaches to Sustainability Through Learning and Education
EditorsAbdalmuttaleb M.A. Musleh Al-Sartawi, Khaled Hussainey, Azzam Hannoon, Allam Hamdan
Place of PublicationUSA
PublisherIGI Global
Chapter18
Pages270-280
Number of pages10
ISBN (Electronic)9781799800644
ISBN (Print)9781799800620
DOIs
Publication statusPublished - 2020
Externally publishedYes

Publication series

NamePractice, Progress, and Proficiency in Sustainability (PPPS) Book Series
PublisherIGI Global
ISSN (Print)2330-3271
ISSN (Electronic)2330-328X

Keywords

  • green banking
  • economic development
  • banking industry
  • Environmental regulations
  • Bangladesh

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