THE CONCEPT OF GREEN BANKING IN PAKISTAN
Keywords:
Green Banking, Corporate Social Responsibility, Environment, Carbon Emission, SustainabilityAbstract
The paper portrays the development of green banking in Pakistan, the concept not much developed and needs more attention of higher authorities due to globalization, intense competition in global markets and an increase in environmental issues across the country. Green banking practices may include eco-friendly light system, implementation of SolarPowered ATMs, Solar Power as an alternate source of Energy in Rural and remote branches and digitalization of the branches to reduce paperwork. The study suggests that banking sector is an important stakeholder in the Pakistan economy and can play a prominent role in reducing environmental problems. AsPakistan is currently facing high environmental risks,banks might contribute to reduce environmental issues by adopting green and sustainable banking practices such as the implementation of environmental standards for lending.References
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