Green Banking Practices and Their Effect on Sustainability

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ID: 311407
2024
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Abstract
This study explores the role of green banking practices in promoting sustainability within the financial sector. Through a mixed-methods approach, the research examines the impact of green loan issuances, customer perceptions, financial performance comparisons between green and traditional banking, and regulatory compliance. The findings reveal that financial institutions that adopt green banking practices experience significant improvements in environmental outcomes, customer satisfaction, and financial performance. Specifically, green loans were found to be more prevalent in regions such as Europe and North America, with these regions leading in sustainable financial products. Additionally, customer satisfaction and trust in banks offering green banking products were positively correlated with environmental awareness. The study also highlights the positive correlation between green banking practices and long-term profitability, suggesting that sustainable investments are financially advantageous. Furthermore, adherence to regulatory frameworks and transparency in green initiatives enhances institutional credibility and fosters long-term growth. Despite the positive findings, challenges such as greenwashing and the need for consistent standards remain barriers to full-scale adoption. Overall, the research demonstrates that green banking plays a crucial role in supporting sustainable development while offering financial institutions a pathway to improved financial stability and customer loyalty.
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Authors Samina Khalil, Abdul Ghafoor, Amir Hamza Marwan
Journal Finance and Management Review
Year 2024
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