Green Banking Practices: A Study on Environmental Strategies of Banks with Special Reference to State Bank of India
Keywords:
Eco-friendly, GCCs, Green Banking Practices, Sustainable DevelopmentAbstract
The world faces a great challenge of environmental degradation during the process of economic development. Banking sector as responsible stakeholders in this regards can do better contribution towards the environment by adopting various green banking practices. Green banking practices mean promoting environment-friendly practices and reducing carbon footprint from day to day banking activities. Green banks or environmentally responsible banks do not only improve their own standards but also affect socially responsible behavior of other business. Banks in India especially the largest commercial bank State Bank of India has developed several green banking initiatives. Recently the bank has introduced various paperless banking practices for their customers. Adopting these practices the customers can contribute a lot towards the environment. This paper aims to highlight the green banking initiatives made by SBI in Assam and attempt has been made to discuss the environmental and other benefits of these practices.
References
BAHL, S. (2012) Green Banking - The New Strategic Imperative. Asian Journal of Research in Business, Economics and Management. 2(2), available at http://www.aijsh.org /admin/ajrbem/feb/paper110.pdf accessed on 23-2-12.
BARRY, C. AND MURCHIE, J, (2009) Global Cash Management: Going Green. Green Banking White paper, available at http://www.bottomline.com/collateral/banking/ CashManagementGoesGreen.pdf accessed on 24-6-12.
BISWAS, N. (2011) Sustainable Green Banking Approach: The Need of the Hour. Business Spectrum. 1(1), pp 32-38, available at http://iaamidnaporebranch.in/docs /IAA%20MB% 209.pdf accessed on 2-3-12.
Dash R. N., (2008), Sustainable Green Banking: The Story of Triodos Bank, Cab Calling October-December, 2008 available at http://www.cab.org.in/CAB%20Calling%20Content/ Global%20Financial%20Crisis-%20A%20Stocktaking/Sustainable%20Green%20Banking.pdf accessed on 10-3-11.
DLAMINI, T. H. (2010) The Banking sector’s response to Environmental Sustainability Thesis, available at http://upetd.up.ac.za/thesis/available/etd-04052011-113618/unrestricted/ dissertation.pdf accessed on 21-7-12.
DU, J. (2011) An Empirical Analysis of Internet Banking Adoption in New Zealand Thesis, Lincoln University, available at http://researcharchive.lincoln.ac.nz/dspace/bitstream /10182/4047/4/Du_MCM.pdf accessed on 7-7-12.
GUO, H. (2005) Pathways to Sustainable Banking in China: From Environmental Risk Management to Green Financing -An Explorative Case Study of the Financing System for Corporate Customers in the Industrial and Commercial Bank of China. Thesis, Lund University, Sweden, available at http://lup.lub.lu.se/luur/download?func=downloadFile& recordOId=1325685&fileOId=1325686 accessed on 21-7-12.
HARRIS, K. A. & ABDULLA, S. Banks Going Green available at http://www. mbaskool.com/business-articles/finance/899-banks-going-green.html accessed on 12-11-11.
Panigrahi A. K. & Jena N. (2010), ‘Environmental protection and Sustainable development’, available at http://www.articlesbase.com/environment-articles/environmental-protection-and-sustainable-development-438789.html accessed on 8-8-12.
PANDEY, V.C. (2003) Sustainable Development in South Asia. Kalpaz Publications, Delhi-110052, pp 269-312.
PRASAD, A. M. (2011) Sustainability Banking in India-An Empirical study on India’s top 5 banks on CSR and NFR practices on Sustainability Development. Conference on Inclusive & Sustainable Growth Role of Industry, Govt. and Society Conference Proceedings: 2011.
SAHOO, P. & NAYAK, B. P. (2008) Green Banking in India. available at http//www.indiaenvironmentportalorg.in accessed on 10-03-11.
SRIVATSA, H. S. (2011) Speaker, Seminar on ‘Environmentally sustainable business practices in Banks. TAPMI, Manipal available at http://www. tapmi.edu.in/ Research_Seminars/Srivatsa(05012011).pdf accessed on 18-3-12.
STRANDBERG C. (2005), ‘Best Practices in Sustainable Finance’ available at http://www. corostrandberg.com/pdfs/Sustainable%20Finance%20-%20Best%20Practices.pdf accessed on 21-7-12.
VERMA, M. K. (2012) Green Banking: a Unique Corporate Social Responsibility of Indian Banks’, International Journal of Research in Commerce & Management. 3(1), available at ijrcm.org.in/download.php?name=ijrcm-1-vol-3-issue1pdf accessed on 18-4-12.
