Abstract
Recent years have seen a paradigm shift with regard to how financial organizations, particularly banks, perspective on managing the environment. Even though the finance industry is thought to have one of the lowest carbon footprints among all industries, it has led the way in sustainability for all other industries. Many banks and financial organizations are worldwide attempting to reduce the ecological footprint of their everyday activities. In this scenario, the idea of Green Banking was developed by the banks responsibility towards environmental sustainability. Green banking refers to banking practices which incorporate the sustainability of the environment into consideration. This paper measured the impact of green banking practices on environmental performance of the banks using both primary and secondary sources of data. The result shows that green banking significantly impacts a bank's environmental performance. Therefore, by utilizing green banking techniques, banks may improve the performance of their environmental infrastructure.
Keywords: Green Banking, Sustainability, Environmental Performance.
References
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