| dc.description.abstract | Islami Bank Bangladesh PLC has become a renowned and popular bank in Bangladesh over
its 43-year journey, primarily because of its superior services. As a market leader in the private
banking sector, the bank has introduced several significant schemes in the country, among
which Green Banking is a notable initiative. Although green banking is a relatively new
concept in Bangladesh, it is rapidly gaining global acceptance as a standard for ensuring
environmentally sustainable and socially responsible business practices.
This report highlights the major green banking initiatives undertaken by Islami Bank
Bangladesh PLC and examines how these practices enhance the bank’s overall effectiveness.
The primary objective of the study is to analyze the bank’s green banking activities aimed at
contributing to the economic, social, and environmental development of Bangladesh and its
citizens.
The study incorporates both primary and secondary data. Primary data were collected through
oral and informal communication, personal observations, and qualitative feedback. Secondary
data were obtained mainly from the bank’s annual reports, relevant articles, websites,
Bangladesh Bank publications, newspapers, journals, and magazines.
Findings of the study indicate that Islami Bank Bangladesh PLC has integrated green banking
into its core business strategy to promote shared prosperity within the community. The bank is
highly conscious of its internal responsibilities before extending its efforts to external
stakeholders and communities. As the largest private commercial bank in the country with a
vast number of stakeholders, Islami Bank possesses considerable potential to promote
environmental awareness. It is effectively utilizing this potential to educate the public about
environmentally friendly practices essential for sustaining the planet.
However, in a developing country like Bangladesh, it is unrealistic to abandon all economic
activities solely due to environmental concerns. The adverse effects on employment, income,
and poverty must also be considered. Therefore, it is crucial to identify specific sectors or
industries that should continue to receive financing despite their environmental impact. Long
term strategies must be developed for these industries to address environmental challenges
effectively, and all related policies must remain consistent. | en_US |
