Adoption of green banking practices and environmental performance in Pakistan: a demonstration of structural equation modelling

Rehman, Alam; Ullah, Irfan; Afridi, Fakhr E Alam; Ullah, Zahid; Zeeshan, Muhammad; Hussain, Arif; Rahman, Haseeb Ur

doi:10.1007/s10668-020-01206-x

Cited by 93 publications

(133 citation statements)

References 59 publications

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“…Equation 5 International Energy Associations (IEA) for the period 1990-2018, table 1 provides a detail of the variables, unit, and source. In many time-series studies somehow a similar time is taken (Rehman et al, 2021;Ullah, Ali, et al, 2019a;Zeeshan et al, 2021). We selected this time frame as China featured tremendous growth during this span.…”

Section: Methodsmentioning

confidence: 99%

“…On the other hand, opting for renewable energy with environment-friendly technologies like solar energy, wind energy and geothermal may reduce CO 2 emission (Zeeshan et al, 2021). Various empirical studies like Jebli, Youssef, and Ozturk (2016) argue that renewable energy may play a very important role in achieving a higher growth rate and a sustainable environment.…”

Section: Empirical Literature Reviewmentioning

confidence: 99%

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Trade openness and urbanization impact on renewable and non-renewable energy consumption in China

Han

Zeeshan

Ullah

et al. 2022

Environ Sci Pollut Res

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This study investigates the trade openness and urbanization effect on renewable and non-renewable energy consumption in China for the period 1990-2018. We apply the Quantile Regression technique for the analysis, our results show that trade signi cantly increases the non-renewable energy consumption in all quintiles while partially increases renewable energy consumption. This shows that trade activities in production and export commodities heavily rely on non-renewable energy inputs instead of renewable energy inputs. Urbanization affects non-renewable energy consumption only in three quintiles, while its effect is insigni cant in most of the quintiles. Similarly, Urbanization does not affect renewable energy consumption as in almost all quantiles the coe cients are statistically insigni cant. This implies that urbanization is one of the determinant of energy consumption in China. The empirical ndings of this study suggest some policy recommendations; rst, the government needs to implement certain regulations while expanding trade to minimize the negative effect of non-renewable energy consumption; besides government should provide incentives to industrial units and traders for using renewable energy which may help to attain long term sustainable development goals. IntroductionChina is among the largest energy consumers in the world, and its trade openness, industrialization, and urbanization are the main factors that account for high energy consumption. Energy consumption plays an important role in the development of an economy, however, energy consumption and production contain some externalities, such as pollution and greenhouse gases, which eventually undermine economic sustainability (Shi, 2015). Trade openness and urbanization policies may have potential implications for the energy consumption and sustainable growth of the economy. Therefore, it is essential to understand the relationship between trade openness and energy consumption. Besides, trade and energy consumption have crucial importance for several reasons, such as the ine cient energy policy may lead to lower trade and economic activities, (b)s the energy conservation policies that reduce the energy consumption will counterbalance the trade liberalization policies developed to promote the economic activity (Koengkan, 2018; Sadorsky, 2014b), (c) there is a unidirectional relationship from trade to energy consumption which indicates that trade policy increases energy consumption while conservation policies will not affect the liberalization policies. Trade openness may in uence the country's energy consumption due to an increase in economic activities. The export sector especially the industrial export expansion increases the demand for consumption.Apart from the above reasons, trade openness allows the country to import commodities that may cause high energy consumption, for example, automobile, industrial inputs, etc. Moreover, the income effect is also one the main cause of high energy consumptions that especially resulted due to the trade libera...

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Section: Methodsmentioning

confidence: 99%

Section: Empirical Literature Reviewmentioning

confidence: 99%

Trade openness and urbanization impact on renewable and non-renewable energy consumption in China

Han

Zeeshan

Ullah

et al. 2022

Environ Sci Pollut Res

Self Cite

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“…Additionally, various studies have recently been conducted in the area of GB, globally [2,3,11,[14][15][16][17][18][19][20][21]. However, these studies are mainly focused on GB activities and its development in the context of Bangladesh [15,22,23]; green banking adoption [16,24,25]; GB performance and environmental sustainability [19,21,22,26]; and green finance [1,5,27].…”

Section: Introductionmentioning

confidence: 99%

The Effect of Green Banking Practices on Banks’ Environmental Performance and Green Financing: An Empirical Study

et al. 2022

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Every sector of the global economy is faced with environmental problems and their resulting consequences to their day-to-day operations. Due to the rising threat of global climate change, the green banking (GB) concept has been given significant attention in recent green finance literature. Therefore, the main purpose of this study was to identify the impact of GB practices on banks’ environmental performance and sources of green financing of private commercial banks (PCBs) in Bangladesh. Using a survey method, the primary data were obtained from a cross-sectional sample of 322 banking employees of PCBs in Bangladesh. In order to identify the key relationships existing between the study variables, structural equation modelling (SEM) approach was employed. The empirical findings indicated that banks’ employees, daily-operations, and policy-related GB practices have significant positive effects on green financing, contrary to banks’ customer-related GB practice, which was not statistically significant. Additionally, banks’ green project financing exhibited a strong and positive influence on banks’ environmental performance. Moreover, banks’ daily operation and policy-related practices of GB were observed to have significant impacts on banks’ environmental performances, in contrast to banks’ employee and customer-related GB practices. Therefore, major policy implications and directions for future research in the concerned area are discussed.

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“…Industrialization has resulted in ecological inequality, and corporates are blooming at the expense of local community (Porter & Kramer, 2014). Uneven industrialization has disturbed ecological balance and has resulted in natural and industrial disasters (Rehman et al, 2021). High levels of environmental pollution have raised social concern over environmental issues (Chen, 2010).…”

Section: Introductionmentioning

confidence: 99%

“…Scholtens assigns green bank marketing as a component of larger CSR concept. Economic agents banks play an important role in financing environment-friendly projects (Nizam et al, 2019) and thus contribute towards society (Rehman et al, 2021). Kärnä et al (2003) and Grove et al (1996) explained association between green marketing and CSR, in non-banking sector.…”

Section: Introductionmentioning

confidence: 99%

Green banking initiatives: a qualitative study on Indian banking sector

Sharma

Choubey

2021

Environ Dev Sustain

118

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The environmental concern is on rise in all types of business; however, banking assumes a special niche due to its ability to influence the economic growth and development of the country. The present study proposes conceptual model of Green banking initiatives and studies the impact of three Green banking initiatives, viz. green products development, green corporate social responsibility and green internal process on two possible outcomes, viz. Green brand image and Green trust. The study is qualitative in nature comprising of semistructured in-depth interviews conducted with 36 middle- to senior-level managers of twelve public and private Indian banks. Banking sector can play a crucial role in greening the banking system by enhancing the availability of finance and serve the needs of a “green economy”. The findings of the study revealed that 63% of the total respondents were of view that their bank indulges in development of several green banking products and services, 53% of the bankers said that their bank incorporates green internal processes in their daily activities, and 78% respondents said that their bank undertakes several green corporate social responsibility initiatives. This investigation further highlights that more than 60% respondents believed that Green banking initiatives have positive role in restoring customer trust through enhanced Green brand image. With dearth of studies on green banking in India, the present qualitative study contributes to the body of knowledge and paves way for future research in green banking for sustainable development.

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Adoption of green banking practices and environmental performance in Pakistan: a demonstration of structural equation modelling

Cited by 93 publications

References 59 publications

Trade openness and urbanization impact on renewable and non-renewable energy consumption in China

Trade openness and urbanization impact on renewable and non-renewable energy consumption in China

The Effect of Green Banking Practices on Banks’ Environmental Performance and Green Financing: An Empirical Study

Green banking initiatives: a qualitative study on Indian banking sector

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