Review

A systematic review of green finance in the banking industry: perspectives from a developing country

  • Received: 16 July 2022 Revised: 25 August 2022 Accepted: 31 August 2022 Published: 19 September 2022
  • JEL Codes: B26, F30, F37, G17, G19

  • Globally, scholars and practitioners are becoming increasingly interested in determining the interaction between finance and environmental sustainability. However, a few studies have investigated and organized existing information in the context of the green finance of banks in developing countries. The purpose of our study is to find major dimensions of green finance and research gaps from a thorough evaluation of the literature. As a result, existing research on green finance in the banking industry has been evaluated in this paper with a focus on green finance and sustainable development. This study employs the content analysis method and it analyzes and summarizes a total of 53 relevant previous studies in the field of green finance. The findings of this research reveal 21 crucial dimensions of green finance in Bangladesh. The primary green finance products of Bangladeshi banks include green securities, green investments, climate finance, green insurance, green credit, green bonds and green infrastructure. The other factors include environmental performance and green economic growth, energy efficiency, green finance policy and environmental protection and the risk impact of bank policy formulation. The findings of this study will help policymakers to understand the green finance concept and its associated variables, which need to be considered when adopting and implementing green finance.

    Citation: Shahinur Rahman, Iqbal Hossain Moral, Mehedi Hassan, Gazi Shakhawat Hossain, Rumana Perveen. 2022: A systematic review of green finance in the banking industry: perspectives from a developing country, Green Finance, 4(3): 347-363. doi: 10.3934/GF.2022017

    Related Papers:

  • Globally, scholars and practitioners are becoming increasingly interested in determining the interaction between finance and environmental sustainability. However, a few studies have investigated and organized existing information in the context of the green finance of banks in developing countries. The purpose of our study is to find major dimensions of green finance and research gaps from a thorough evaluation of the literature. As a result, existing research on green finance in the banking industry has been evaluated in this paper with a focus on green finance and sustainable development. This study employs the content analysis method and it analyzes and summarizes a total of 53 relevant previous studies in the field of green finance. The findings of this research reveal 21 crucial dimensions of green finance in Bangladesh. The primary green finance products of Bangladeshi banks include green securities, green investments, climate finance, green insurance, green credit, green bonds and green infrastructure. The other factors include environmental performance and green economic growth, energy efficiency, green finance policy and environmental protection and the risk impact of bank policy formulation. The findings of this study will help policymakers to understand the green finance concept and its associated variables, which need to be considered when adopting and implementing green finance.



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