Green Banking: A Literature Review on Profitability and Sustainability Implications

Authors

DOI:

https://doi.org/10.55270/ijebs.v4i2.27

Keywords:

Green Banking, Sustainability, Climate change, environmentally-friendly projects

Abstract

the necessity for sustainable development in the financial sector and growing worries about climate change have given rise to the strategic response of green banking (GB). This study examines how GB contributes to environmental sustainability, bank profitability, and a more environmentally conscious financial climate. GB seeks to lessen the damaging effects that financial activities have on the environment and society by incorporating ecologically and socially responsible practices into banking operations and services. This study examines the potential advantages of GB, such as decreased operating expenses, improved client retention, and access to new markets, as well as the difficulties encountered, such as knowledge gaps, regulatory backing, and initially high costs. This study emphasizes the significance of GB as a catalyst for sustainable development and a tool for reducing the effects of climate change through a thorough literature assessment. In order to secure long-term profitability, environmental stewardship, and social responsibility—all of which eventually contribute to a sustainable and prosperous future—it underlines the necessity for banks and financial institutions to prioritize and adopt GB practices.

 

Author Biographies

Maitham Rabea’ Hadi , Financial and Banking Sciences Dept., University of Kerbala,

 

 

Mohammed Faez Hasan, Financial and Banking Sciences Dept., University of Kerbala, Iraq.

 

 

Hakeem Hammood Flayyih, Institut Supérieur de Gestion, University of Tunis,

 

 

Mustafa Khudhair Hussein, IMAM A'ADHUM UNIVERSITY COLLEGE, IRAQ

 

 

Published

2023-03-23

How to Cite

, M. R. H., Mohammed Faez Hasan, Hakeem Hammood Flayyih, & Mustafa Khudhair Hussein. (2023). Green Banking: A Literature Review on Profitability and Sustainability Implications. Ishtar Journal of Economics and Business Studies, 4(2), 1–6. https://doi.org/10.55270/ijebs.v4i2.27

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