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Chapter- 03 Literature Review
3..1 Employee performance

Employees’ green behaviors can be promoted by the organization to minimize negative
impacts and maximize positive impacts on the environment (Norton et al., 2017). Employees
can be environmentally friendly while performing their assigned tasks. In addition, they can
make broader and “greener” changes to their workplace policies that are supported by
organization (Ramus & Steger, 2000). If employees know the benefits and results of using green
practices, they are more likely to volunteer to engage in the company’s environmental plans
and activities (Paill´e & Meija-Morelos, 2019). Scholars have argued that green HRM can be
implemented through the realization of green practices, that it has a beneficial effect on
employees’ environmental behavior, and that it ultimately meets organizational environmental
goals (Kim et al., 2019). Green banking avoids paperwork as much as possible and relies on
online/electronic transactions for processing so that green technologies like green credit cards
and green mortgages can be encouraged (Singh & Singh, 2012). The reduced use of paper can
actually diminish the carbon footprint from banking practices and promote environmental-
friendly practices in the banking sector (Goyal & Joshi, 2011). It reduces paperwork which helps
to increase employees efficiency and creates awareness to business people regarding the
environment of the greater society (Bahl 2012).According to Biswas (2011) green banking
rationalizes the uses of paper and minimizes the cost by practicing online banking, internet
banking, mobile banking, SMS baking and ATM services helps to perform accurate and foster
transactions.
3.2 Green Banking Practices

“Green” in green banking principally indicates banks’ environmental accountability and
environmental performances in business operations (Rahaman et al., 2015). Therefore, the
term ‘green banking’ generally refers to banking practices that foster environmentally
responsible financing practices and environmentally sustainable internal processes (Babiak &
Trendafilova, 2011). A green bank is also called ethical bank, environmentally responsible bank,
socially responsible bank or a sustainable bank and is expected to consider all the social and
environmental issues in their banking processes (Rahman & Barua, 2016). Although green
banking is a global initiative, these eco-friendly policies play a special role for developing
economies like Bangladesh. Bangladesh is highly vulnerable to climate changes and natural
calamities, as a result of which, concern about environmental degradation is a common
phenomenon here (Nisha 2016). Moreover, the role of the banking sector is crucial for the
growth and development activities of all developing countries. Therefore, banks must come
forward to play a more effective role in mitigating any environmental degradation
(Masukujjaman et al., 2016). In a very specific way-Green Banking means banking practices that
foster environmentally responsible financing practices as well as using environmentally
sustainable internal processes(Lalon & Mozib, 2015).
According to Krebsbach (2005), author proposed that banks adopt green lending principles in
the Indian concept of Green Banking. Sujatha.S and Ragupathi.M (2015) Green banking and
environmental sustainability by Indian commercial banks, Green banking initiatives of Indian
economic banks studied the benefits of going green through green banking.such a way that
their customer base is not impacted. Author came to the conclusion that environmental
management in the banking sector is similar to risk management in that it reduces credit risk,
improves asset quality, and increases enterprise value. In their research article on “Green
Banking in India,” Sahoo, Pravakar, and Nayak, Bibhu Prasad (2008) highlighted that the
banking sector is one of the major stake holders in the industrial sector; it can face credit risk
and liability risk. Furthermore, environmental impact may have a long-term impact on the
quality of assets as well as the rate of return of banks. Goyal and Joshi (2011) highlighted social
and ethical issues such as social banking, ethical banking, green banking, and rural banking.
Which facilitates the achievement of long-term banking and finance development.They came to
the conclusion that banks can act as a socially and ethically oriented organization by granting
loans only to organizations that have environmental concerns. Vikas Nath et al., (2014) noted
the RBI's green rating standards, the World Bank's environmental and social norms, the
initiatives taken by public and private sector banks in India to adopt Green Banking practices,
and to enlist the various strategies for Green Banking adoption. Meena (2013) identified four
benefits of green banking- reducing deforestation, creating environmental awareness among
employees and customers, providing loans at a lower rate, changing business activities in a
manner that is environmentally friendly.
1.Krebsbach, K. (2005). Green Revolution. US Banker, 29-32.
2.Sahoo, B. S. (2016). Green Banking in India: Problems and Prospects. Interantional Journal of
Research - Granthaalayah, Volume 4, Number 8, 92 - 99.
3.Goyal, K. &. (2011). A Study of Social and Ethical issues in Banking. International Journal of
Economic and Research, 49 -57.
4.Nath, V. N. (2014). Green Banking Practices - A Review. IMPACT - Internation Journal of

Research in Business Management, Volume 2, 45 - 62.
5.Ratnaparkh, S. &. (2015). A Study of Green Banking In India. International Journal in

Management & Social Science, Volume 3, Number 10, 99 - 104.
6.Babiak, K. and Trendafilova, S. (2011) ‘CSR and environmental responsibility: motives and
pressures to adopt green management practices’, Corporate Social Responsibility and
Environmental Management, Vol. 18, No. 1, pp.11–24.
7.Rahaman, M.M., Zayed, N.M. and Islam, M.F. (2015) ‘The necessity of new commercial banks
in Bangladesh: an exploratory study for evaluating the need assessment’.DIU Journal of
Business and Economics, Vol. 9, No. 1, pp.91–110.
8.Rahman, S.M.M. and Barua, S. (2016) ‘The design and adoption of green banking framework
for environment protection: lessons from Bangladesh’. Australian Journal of Sustainable
Business and Society, Vol. 2, No. 1, pp.1–19.
9.Goyal, K.A. and Joshi, V. (2011) ‘A study of social and ethical issues in banking
industry’.International Journal of Economics and Research, Vol. 2, No. 5, pp.49–57.
10.Singh, H. and Singh, B.P. (2012) ‘An effective and resourceful contribution of green banking
towards sustainability’. International Journal of Advances in Engineering Science and
Technology, Vol. 1, No. 2, pp.41–45.
11.Nisha, N. (2016b) ‘Green investments and returns: a developing country perspective’, in

Mihai, M. (Ed.): Measuring Sustainable Development and Green Investments in Contemporary
Economies.IGI Global, Hershey, PA.
12.Masukujjaman, M., Siwar, C., Mahmud, M.R. and Alam, S.S. (2016) ‘Bankers’ perception of
green banking: learning from the experience of Islamic banks in Bangladesh’. Malaysian Journal
of Society and Space, Vol. 12, No. 2, pp.144–153.
13.Norton, T. A., Zacher, H., Parker, S. L., & Ashkanasy, N. M. (2017). Bridging the gap between
green behavioral intentions and employee green behavior: The role of green psychological
climate. Journal of Organizational Behavior, 38(7), 996–1015.
14.Ramus, C. A., & Steger, U. (2000). The roles of supervisory support behaviors and
environmental policy in employee “Ecoinitiatives” at leading-edge European companies.
Academy of Management Journal, 43(4), 605–626.
15.Kim, Y. J., Kim, W. G., Choi, H. M., & Phetvaroon, K. (2019). The effect of green human
resource management on hotel employees’ ecofriendly behavior and environmental
performance. International Journal of Hospitality Management, 76, 83–93.
16.Paille, P., & Meija-Morelos, J. H. (2019). Organisational support is not always enough to
encourage employee environmental performance. The moderating role of exchange ideology.
Journal of Cleaner Production, 220, 1061–1070.
17.Lalon & Mozib, R., 2015. Green Banking: Going Green. International Journal of Economics,
Finance and Management Sciences, 3(1).
18.Meena, R., 2013. Green banking as initiative for sustainable development. Global Journal of
Management and Business Studies, 3(10),pp.1181-1186.
19.Bahl, S., 2012. The role of green banking in sustainable growth. International Journal of
Marketing, Financial Services & Management Research, 2(2): 27-35.
20.Biswas, N., 2011. Sustainable green banking approach: The need of the hour. Business
Spectrum, 1(1): 32-38

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Chapter- 03 Literature Review

3..1 Employee performance

3.2 Green Banking Practices

4.Nath, V. N. (2014). Green Banking Practices - A Review. IMPACT - Internation Journal of

5.Ratnaparkh, S. &. (2015). A Study of Green Banking In India. International Journal in

11.Nisha, N. (2016b) ‘Green investments and returns: a developing country perspective’, in

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