Abstract:
Green banking measures social factors with environmental perspectives. It has already started working strongly in various countries. Green banking bypasses as much paperwork as possible and relies on electronic transactions for processing. Green banks approve and execute environmental norms for Banking.
General banking is the origin of all banking developments. This activity contributes day to day services for the clients. It introduces new accounts, stocks bank drafts, and wage orders, etc. to give consumers a swift and reliable service. Bank Asia Limited is a scheduled commercial bank. Bank Asia was established under the Banking Company Act, 1991, and incorporated as a Public Limited Company under the Company Act, 1994 in 1999. Bank Asia is one of the top-performing third generation banks in Bangladesh.
I have assembled the yearly reports of the last 5 years of Bank Asia Sustainability Report to review performance in Green Banking, this report is based on the Green Banking activities of Bank Asia Limited. The report also concentrates on the contemporary rank of Green Banking in Bangladesh.
Overall, it was a very good experience to work with this study on Green Banking and Bank Asia Limited and this working knowledge will help me in my professional life. This internship encouraged me to have knowledge of a lot of things that will be very efficient in the near future.
Description:
Swelling of the sea level and global temperature along with this, climatic changes have been letting natural hazards like cyclones, floods, landslides, and droughts. Now-a-day the environmental issue is not only a concern of the government and primary polluters but it also a concern of those institutions which are stakeholders and partners of their business. As we know banks themselves are not a polluter but it’s having ties with some companies and institution which are polluter or could be in the future. So, the bank and other financial institutions can contribute vital support to control environmental stability and maintaining economic development in Green Finance.
Bangladesh Bank evolved the guidance to make the financial industry more environmentally respectful and responsible by formulating a comprehensive Green Banking Guideline on February 27, 2011. Bangladesh Bank’s data on “Green Banking” 2013, all registered banks have turned their individual Green Banking Policy and Green Banking method.
This study evaluates the Green Banking Policy and unit of commercial banks (Bank Asia Limited) from a global point of view. Green Finance practice of commercial banks is a big step for making this earth a healthier place to live.