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Is Current Understanding Adequate for Green Banking Practices in Nepal: A Lesson Learned
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Author(s): Niranjan Devkota (Quest International College, Pokhara University, Lalitpur, Nepal), Udaya Raj Paudel (Quest International College, Pokhara University, Lalitpur, Nepal)and Ghanashyam Khanal (Tribhuvan University, Kathmandu, Nepal)
Copyright: 2021
Pages: 15
Source title:
Handbook of Research on Climate Change and the Sustainable Financial Sector
Source Author(s)/Editor(s): Odunayo Magret Olarewaju (Durban University of Technology, South Africa)and Idris Olayiwola Ganiyu (York St John University, United Kingdom)
DOI: 10.4018/978-1-7998-7967-1.ch006
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Abstract
Going green, in recent days, has been a buzzword for both global banking and financial sectors and for the general public. Green banking as a part of “going green,” referring to the environmentally friendly practices that reduce the carbon footprint by using online services, is a new way of performing the banking businesses considering the clean environmental issues as well as the corporate social responsibility of banks. In this context, this chapter offers an improved understanding of the importance of adopting green banking in the Nepalese banking industry. This chapter uses a mixed-method of analysis – both primary and secondary data were used. The customers and bankers are found to have less awareness regarding the concept of green banking practices in the Nepalese context. In order to promote green banking practices, the banks and governments are required to be aware of the people with the help of some effective policy interventions.
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