Developing Green Banking Products In Bangladesh: Involvement of Stakeholders

Table of Contents

Chapter- 1: Introduction

Chapter- 2: A Brief Review of Literature

Chapter- 3: Banks’Representation at the Flow of Adulteration to the Environment

Chapter- 4: Stakeholder’s Attitude/Attempt towards Green Banking Products

International council, Agreements, Guidelines, and Principles

Policy Makers Responding to the Changing Needs to Protect Environment

Approaches and Activities of IFIs and IGOs

Initiatives by Businesses are Incentives to the Green banking

NGOs Playing the Essential Roles

Responses from Consumers

Chapter- 5: Green Banking practices in Bangladesh:

The Role of Bangladesh Government

Bangladesh Bank’s Initiatives

An Investigation from BB

Online Banking:

Mobile Banking:

Banks’ in house Green activities:

Specific Findings:

Chapter- 6: Developing New Green Banking Products:

Chapter- 7: Bank as the Learning Organization:

Chapter- 8: Greater Involvement of Stakeholders in the Strategy and NGBPD Process.

Chapter- 9: Implications

Chapter- 10: Conclusions

Objectives & Core Topics

This work aims to evaluate the current status of environmentally responsible banking in Bangladesh, focusing on how commercial banks involve various stakeholders in the development of "green" banking products and the strategies used to foster these collaborative interactions.

• Analysis of green banking practices and stakeholder engagement in the Bangladeshi financial sector.
• Evaluation of the "Learning Organization" approach as a mechanism for sustainable product development.
• Investigation of the roles of government, NGOs, and central banks in shaping green banking strategies.
• Assessment of current bank procedures for managing environmental risks and promoting sustainable infrastructure.

Excerpt from the Book

Summary of Chapters

Chapter- 1: Introduction: Provides an overview of the rise of environmental concerns in the 21st century and the subsequent necessity for the banking sector to adopt green initiatives.

Chapter- 2: A Brief Review of Literature: Reviews existing studies on the correlation between environmental and financial performance and the role of banks in sustainable development.

Chapter- 3: Banks’Representation at the Flow of Adulteration to the Environment: Discusses economic theories of market failure, externalities, and the role of global public goods in relation to environmental degradation.

Chapter- 4: Stakeholder’s Attitude/Attempt towards Green Banking Products: Examines how various stakeholders, including international councils, governments, NGOs, and consumers, influence green banking adoption.

Chapter- 5: Green Banking practices in Bangladesh:: Details the current state of green banking in Bangladesh, focusing on government policies, Bangladesh Bank's initiatives, and online/mobile banking infrastructure.

Chapter- 6: Developing New Green Banking Products:: Outlines the process of incorporating environmental objectives into product development and the necessity of organizational cultural change.

Chapter- 7: Bank as the Learning Organization:: Explores the conceptual framework of the learning organization as a means to improve adaptability and green performance in banks.

Chapter- 8: Greater Involvement of Stakeholders in the Strategy and NGBPD Process.: Analyzes different stakeholder engagement strategies, such as isolationist, aggressive, adaptive, and cooperative approaches.

Chapter- 9: Implications: Summarizes the study's findings on the current unstructured nature of stakeholder involvement in Bangladeshi banks and suggests pathways for improvement.

Chapter- 10: Conclusions: Concludes that while some progress exists, banks must shift toward a more proactive, learning-oriented culture to gain a competitive advantage in green banking.

Keywords

Green Banking, Bangladesh Bank, Stakeholder Engagement, Sustainable Development, Environmental Responsibility, NGBPD, Learning Organization, Corporate Social Responsibility, Climate Change, Green Finance, Environmental Risk, Financial Institutions, Market Failure, Externalities, Renewable Energy.

Frequently Asked Questions

What is the primary focus of this work?

This work examines the integration of environmental responsibility into the banking sector in Bangladesh, specifically focusing on how banks develop new green banking products through stakeholder collaboration.

What are the central themes of the research?

The core themes include green product development, stakeholder management, the "Learning Organization" model, and the role of regulatory bodies in promoting environmentally sustainable banking.

What is the main research question or objective?

The objective is to identify how commercial banks in Bangladesh involve stakeholders in the development of green products and which strategies are most effective for achieving sustainable growth and competitive advantage.

Which scientific methods are employed?

The study utilizes both primary and secondary data, including structured interviews with management across various commercial banks in Bangladesh and an analysis of organizational reports, journals, and official guidelines.

What topics are covered in the main body of the work?

The main body covers the economic theory of externalities, the role of international guidelines, specific initiatives by the Bangladesh Bank, the necessity of organizational learning, and strategic approaches for stakeholder involvement.

Which keywords characterize this research?

Key terms include Green Banking, Bangladesh Bank, Stakeholder Engagement, Learning Organization, Environmental Risk, and Sustainable Development.

How does the NGBPD process function in a bank?

The NGBPD (New Green Banking Product Development) process involves integrating environmental issues into traditional product development stages, necessitating an outward-looking and learning-oriented organizational culture.

What role does Bangladesh Bank play in these initiatives?

Bangladesh Bank acts as a regulator that provides policy guidelines, refinance schemes for renewable energy, and supervision to ensure banks adopt green practices and report on their progress.

Why is the "Learning Organization" concept crucial for banks?

It allows banks to adapt more quickly to external environmental changes and foster a culture that values innovation, stakeholder feedback, and continuous improvement in sustainability efforts.