Green banking: a strategy for attainment of UN-Sustainable Development Goals 2030

Abstract

All over the world, countries are facing severe climate change and environmental degradation. Green banking has been developed and adopted as a banking ideology to reduce the adverse environmental impact of various polluting industries. The purpose of this study is to develop a multidimensional framework for green banking adoption which is in line with the United Nations-Sustainable Development Goals (UN-SDGs) 2030. Green banking can play an important part in the attainment of the UN-SDGs 2030. This study demonstrates the dimensions of green banking adoption that can be adopted by banks in order to facilitate the environmental sustainability of the country. The study proposes the framework for green banking adoption based on the natural resource-based view (NRBV) of the firm. The first-order constructs in the framework have been derived from the green capabilities proposed in NRBV of the firm. These reflective constructs lead towards the second-order construct of green banking adoption. The proposed framework is developed and justified on a theoretical basis and through secondary data.