| Author's Name: |
SHRUTI GARG |
| Subject Area: |
Social Science and Humanities |
| Subject |
Accounting |
| Section |
Research Paper |
Keyword:
carbon footprint, climate-change, environmental risk, green banking initiatives, sustainability.
Abstract
Ecological preservation and sustainable development are recognized globally as overriding imperatives for protection of our planet from the ill-effects of global-warming and climate change. Banks and financial institutions can play a major role in global efforts to mitigate environmental risks and make this planet a better place to live. Companies are now increasingly interested in implementing strategies which will help in addressing environmental issues and contribute towards sustainable development. One step in this direction is Green Banking. Green banking is an umbrella term which refers to those practices and guidelines that make banks environmentally, economically and socially responsible. It means that banking business should be conducted in such areas and in such a manner which would help in overall reduction of external carbon-emission and internal carbon footprint.