Bangladesh is one of the fastest growing economies among the countries with similar nature. The country has made a notable progress during the MDG era despite several political and environmental challenges. At the end of MDG a new era has just begun with much more diversified targets called Sustainable Development Goals (SDGs). SDG is a transformative, universal agenda with an overarching imperative of ‘leaving no one behind’ and requires each country to commit to her own agenda and priorities with a monitoring and reporting mechanism. At the same time the SDG also puts massive challenges to all countries to ensure financing and effective implementation by incorporating SDG in to the national policies. This document tries to identify what important role Bangladesh Parliament, as the supreme law making and oversight body of the executives, can play to i) identify national priorities for the country and ii) ensure effective monitoring and implementation of these global targets. The SDG has just begun as well as many analysis and activities of the world community.
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Sustainable Banking Role in Bangladesh Development
1. 1
Contents
1. Abstract
2. Key words
3. Introduction
4. Literature Review
5. Objectives of the study
6. Methodology of the study
7. Result and interpretations
7.1 : Sustainable development
7.2 : Sustainable development goal and Bangladesh
7.3 : Sustainable banking and Bangladesh
7.3.1: Green Banking
7.3.2: Green Finance
7.3.3: Corporate social responsibility
7.3.4: Financial Conclusion
7.4 Sustainability Reporting towards Sustainable Development
7.5. Roles of Sustainable Banking in Bangladesh
8 . Recommendation
9. Conclusion
10. Reference
3. 3
Sustainable Development and Role of the
Banking Industry in Bangladesh
1. Abstract
Bangladesh is one of the fastest growing economies among the countries with similar nature. The
country has made a notable progress during the MDG era despite several political and
environmental challenges. At the end of MDG a new era has just begun with much more
diversified targets called Sustainable Development Goals (SDGs). SDG is a transformative,
universal agenda with an overarching imperative of ‘leaving no one behind’ and requires each
country to commit to her own agenda and priorities with a monitoring and reporting mechanism.
At the same time the SDG also puts massive challenges to all countries to ensure financing and
effective implementation by incorporating SDG in to the national policies. This document tries to
identify what important role Bangladesh Parliament, as the supreme law making and oversight
body of the executives, can play to i) identify national priorities for the country and ii) ensure
effective monitoring and implementation of these global targets. The SDG has just begun as well
as many analysis and activities of the world community.
2. Key words: Sustainable development, Sustainable banking, Role of banking in
Bangladesh
4. 4
3. Introduction
Sustainability is combination of two words;
‘Sustain’ and ‘Ability’ then Sustainability.
Sustainability includes environmental, social
and economic subsystems in which the
needs of the present are met without
compromising the ability of future
generation to make their own needs.
The efficiency of the banking systems and
financial markets represents a determinant
factor for sustainable development. Thus
banks are essential for any modern
economy, not only because of their
turnovers but also because they provide a
number of important functions for the
national economy being the main financier.
Banks are financial intermediaries which are
either socially responsible or social
irresponsible. Commercial banks play an
important role in the financial system and
the economy. As a key component of the
financial system banks allocate funds from
savers to borrowers in an efficient manner.
4. Literature Review
Alice Mani (2011) mentioned that as a
socially responsible corporate citizen
(SRCC), there is a major role and
responsibility for the increase in government
initiatives for substantial reductions in
carbon emissions. For sustainable
development, banks can implement and
initiate green banking. The authors reviewed
and compared the green loan policy by the
Bangladesh Bank in the light of their
acceptance and commitment to environment
and environment friendly projects. Davidson
Kathryn (2011) has conducted the study on
“Reporting Systems for Sustainability: What
Are They Measuring?” This study discusses
whether sustainability indicators in the
Australian context are derived from an
epistemologically consistent [9] framework.
It is argued that the validity of current
sustainability reporting systems is
contestable. Douglas (2008) found four key
findings: (a) banks are discussing the
opportunity to trade climate change in their
annual report, (b) many banks calculated
their greenhouse gas emissions; (c) demand
for climate-friendly financial products and
services are increasing, and (d) investment
banks support a trading system of emissions
and play a leading role in introducing new
risk management products. In other side
results indicate that monetary policies
contribute to long-term sustainable
investments. Khan, M. T. (2015) finds that
5. 5
banking sector in Bangladesh responds
relatively late in case of sustainability
reporting. There is this common perception
among the bankers that banks are in general
relatively environment-friendly entities, in
terms of emissions and pollution. But, given
the bank's detail analysis of safety of their
investor's and depositor's money, the banks
are surprisingly slow to analyze the
environmental footprint of their clients. A
stated reason behind this was such that in
doing sustainability reporting and including
their clients in it meant "interference" in the
clients' activities. Nieminen and Niskanen
(2001) in his voluntary environmental report
mentioned about which was mostly limited
to the agency from the high environmental
impact industry in the industrialized
countries. In KPMG's report in 2002, it has
been found that recent reporting methods
show that environmental communications
are becoming common in non-industrial
sectors and in different regions of the world.
However, environmental reports are still
exist in the United States, Japan, Germany
and the UK. And chemicals,
pharmaceuticals, electronics and automotive
industries are among the lowest positions in
industries. Similarly, the size of the
company is also determinant of
environmental disclosure. Smith (2007) and
Alrazi (2009) described that the disclosure
of environmental data is not a priority for
the companies in Malaysia. However, the
company expresses environmental concerns
for the creation of a "good corporate citizen"
image. Studies in Boniyamin (2010) shows
that companies operating in environmentally
sensitive industries are fewer than the
volume of environmental disclosure and low
quality and large-scale environmental data
and environmental data released. Jones
(1998) opined that the popularity of the
Internet and the World Wide Web has
encouraged more organizations to use them
for environmental disclosure. Thompson
(2004) concluded that although banks might
seem to occupy a privileged informational
position, they might be supportive of
extensions in environmental disclosure
practice, whether it is voluntarily or
required by legislation. Strandberg (2005),
from January to March 2005, fifty
international corporate social responsibility
finance thought leaders were interviewed for
CSR's future opinion and stability of money
and investment. According to the report,
they mostly believe that the moral consumer
market will increase and will be driven by
product awareness, assessment and social
and environmental degradation. Human
resource management benefits derived from
6. 6
CSR are an important way to improve
financial performance. Seuren (2009) and
Hoepner (2010) highlighted the importance
of risk management, social issues,
environmental problems and moral problems
for the performance of banks and other
financial institutions. Studies generally
indicate that the banks follow the rules in
Western European countries and take
initiative for their sustainable development.
They gave three indicators of society,
environment and economy almost the same
value. The RARE organization research
shows that most of the European banks did
not measure the performance of indirect
aspect (customer and financial products).
Vigano (2006) concluded that the OECD-
Europe region was developed on
environmentally friendly products and
services. The sustainable evaluation results
of six UK banks show that most banks have
reached the prevention banking level when
the two banks reached the high level of
objectionable banking. Yadav (2016)
observes that the sustainability reporting
scenario is still in primary stage. He
conducts a research on Indian commercial
banks on the basis of the state of their
sustainability reporting. He concludes that in
India, sustainability reporting is in nascent
age. There is lack of policy support and
guidelines. Although many of the
corporations are coming forward to include
sustainability reporting in their reporting
practices, trying to follow the GRI guideline,
most of them lack consistency and
comparability. This commendable initiative
is in need of proper legislative support.
5. Objectives of the study
Main objective of the study is to identify the
sustainable banking for sustainable reporting
practice in banking sector. This literature
will describe sustainable development,
sustainable development goal and the
sustainable banking in Bangladesh.
Sustainable banking included green banking,
green finance and the corporate social
responsibility in this literature. By reading
this literature you will acquire:
to know sustainable banking of
sustainable development
to know sustainable development goal
6. Methodology of the Study
The study is based on both primary and
secondary sources. In order to know the
current prospects of sustainable goals, a
primary survey on 100 entry level bankers
was conducted. The facts have been
presented after the discussion with
7. 7
colleagues. The secondary data were
collected on perusal of the selected
available research work, text book, articles,
journals, newspaper analysis, related
websites and analysis of reported case
decisions. The data are tabulated and
analyzed by the researchers afterwards.
7. Result and interpretations
7.1 Sustainable Development
The concept of sustainable development can
be interpreted in many different ways, but at
its core is an approach to development that
looks to balance different, and often
competing, needs against an awareness of
the environmental, social and economic
limitations we face as a society.
Sustainable development is the organizing
principle for meeting human development
goals while simultaneously sustaining the
ability of natural systems to provide the
natural resources and ecosystem services
based upon which the economy and society
depend.
Sustainable development can be defined as
development that meets the needs of the
present without compromising the ability of
future generations to meet their own needs.
All too often, development is driven by one
particular need, without fully considering
the wider or future impacts. We are already
seeing the damage this kind of approach can
cause, from large-scale financial crises
caused by irresponsible banking, to changes
in global climate resulting from our
dependence on fossil fuel-based energy
sources. The longer we pursue unsustainable
development, the more frequent and severe
its consequences are likely to become,
which is why we need to take action now.
7.2 Sustainable Development Goals
and Bangladesh
Bangladesh has made remarkable progress
during the era of MDGs. It has become a
role model to the world community.
According to the Bangladesh Government
MDG Progress Report 2015 it has met
targets like reducing headcount poverty and
poverty gap ratio, reducing the prevalence of
underweight children, attaining gender
parity at primary and secondary education,
under-five mortality rate reduction,
increasing enrolment at primary schools,
lowering the infant mortality rate and
maternal mortality ratio, improving
immunization coverage and reducing the
incidence of communicable diseases among
others. However, the report also highlighted
8. 8
where the country need more attention.
These areas includes hunger-poverty
reduction and employment generation,
increases in primary school completion and
adult literacy rates, ensuring quality
education at all levels, creation of decent
wage employment for women, increase in
the presence of skilled health professionals
at delivery, increase in correct and
comprehensive knowledge on HIV/AIDS,
increase in forest coverage, and coverage of
Information and Communication
Technology2. According to a World
Development Indicators by World Bank
published in July 2015 showed that the
country has moved up to a lower-middle
income country, by joining those with
annual incomes ranging between $1,046 to $
4,1253.
According to Bangladesh Bureau of
Statistics (BBS), the per capita income in
Bangladesh rose from $1,190 in FY 2013-14
to $1,316 in FY 2014-2015.4 The current
government had targeted to transform
Bangladesh into a middle-income country,
under its “Vision 2021”. In the classification
committee meeting held on 17 June 2015 the
Organization for Economic Cooperation and
Development (OECD) upgraded the overall
country ratings for Bangladesh by one notch
(category 5 from category 6) for the
resilience by its economy and the high and
stable growth for well over a decade despite
political upheaval and external demand.5
This upgrade puts Bangladesh just behind
India but ahead of other South Asian
Countries i. e. Pakistan, Sri Lanka, Nepal,
Myanmar and Mongolia. The above global
prediction shows that the country is heading
towards achieving a world acknowledgment
of a strong economy. The Asian
Development Bank (ADB) in the 2015
Outlook Updated Report forecasted that
Bangladesh isheaded in the right direction to
secure 6.7% GDP growth in the 2015-16
fiscal year.
The UN has estimated that $172.5 trillion6
is required for implementing SDG over a
period of 15 years; according to this
estimation $11.5 trillion will require each
year. The UNCTAD (UN Commission for
Trade and Development) calculated that
yearly financing gap for developing
countries will be $2.5 trillion. The Asian
Development Bank (ADB) estimated that
Asia and the Pacific region would require at
least $1.0 trillion par year to finance the
targets of the SDG while the Official
Development Assistance (ODA) of this
region is still below $30 billion. According
to World Bank, Bangladesh would require
an additional investment of up to $93.9
9. 9
billion per year to achieve the SDGs.7 The
country has successful experience in
achieving MDGs. Bangladesh was made as
a role model to the world community in
achieving MDGs. However, MDG targets
were based on low-cost solutions, whereas,
the SDGs are not at all economical. In
addition to that MDGs were not applicable
to developed countries as much as the SDGs
are, which means, the developed countries
will also have to spend a remarkable portion
of their resources for their own
development, which will lower down the
curve of foreign investment to other
countries. The global economic context has
also changes extremely due to rise of more
extremist groups, the Middle East crisis,
migration crisis etc. The SDG put very
strong emphasize on sustainability, 10 out of
17 goals are focused on sustainability, which
requires quality of the progress more than
quantity. These factors will have great
impact on all countries of the world in
achieving SDGs. Bangladesh will face more
difficulties in this regard than many other
countries of the world. The reasons are
obvious
MDG achievement progress ratio in
achieving SDGs, which will require either
acquiring or generating more resources as
country has to maintain its current status for
next 5 to 6 years to be categorized as a
middle-income country. Bangladesh very
successfully has recently come out of the
group of least developed countries and
introduced itself in the group of lower
middle-income countries.
These 2 dynamics will very strongly drive
the social, economic and political context of
the country in coming future and will pose
massive challenge to continue its
development at least in the same pace, if not
more. The 70th UN General Assembly set
out common 5 key challenges to address
with effective initiatives to achieve the
SDGs, those are 8–
SDG integration in the national
planning process,
Financial and non financial
resources,
Institutional mechanism for
implementation,
Data for monitoring and
Participation and accountability.
These are equally applicable for
Bangladesh. However, Bangladesh has little
advantage as it has already taken initiative
to align SDGs into the 7FYP. Both SDG
10. 10
and 7FYP were formulated in 2015 that
gave Bangladesh a good opportunity to
integrate. The General Economic Division
has done a rigorous analysis to identify how
much we are aligned with the goals and
targets of SDG with our various national
developments plans. For an example,
according to GED – 9
33.14% SDG targets and only
17.90% indicators are aligned
with 7FYP,
21.89% SDG targets and
11.79% indicators are partially
aligned, and
38.46% SDG targets and
60.26% indicators are not
aligned at all.
6.51% SDG targets and 10.04%
indicators are not relevant for
Bangladesh
However, 7FYP is not the only development
plan Bangladesh has. Other available
development plans, for examples, are
National Social Security
Strategy
National Food Policy
National Health Policy
Health, Population and Nutrition
Sector Development program
National Women’s Development
Policy
Power System Master Plan
National Skill Development
Policy
National Sustainable
Development Strategy
Bangladesh Climate Change
Strategy and Action Plan
National Plan for Disaster
Management
The challenge is to guarantee integration of
SDGs into various national development
plans, currently existing in Bangladesh and
will be formulated in future for an effective
implementation plan. However, even after
full integration of SDG with our national
plan and policy the question remains how to
ensure quality of the progress. As stated
above the SDGs are more about quality than
quantity. How Bangladesh ensure qualitative
aspects of SDG reporting, particularly on
Goal 16 that talks about governance, justice,
security, peaceful society, inclusive decision
making and most importantly effective
institutions. Vision 2021, which is also a
guiding principle for the current government
recognizes key role for governance
institutions in implementing the plan and
highlights reform of the civil service and
11. 11
other central institutions as well as
combating corruption. Vision 2021 commits
to:
1) Guarantee the rule of law;
2) Avoid political partisanship; and
3) Build a society free of corruption.
The plan outlines the need to develop civic
participation as a key constituent part of
stability and middle income status with the
development of a “culture of democracy - a
primary focus of governance.”
7.3 Sustainable Banking and
Bangladesh
Sustainable banking is using money with
conscious thought about its environmental,
cultural and social impacts. It is also known
as social, alternative, civics or ethical
banking. This approach is based on certain
principles that not only consider profit but
also economical social benefit. The main
purpose of sustainable banking is to
maintain financial and social stability.
Bangladesh bank has been pursuing policy
and instructions in all possible areas of
sustainable banking for banks and non-
financial institutions to ensure sustainable
ranking practices. Sustainable banking
mainly focuses on three broad categories; 1)
Green banking, 2) financial institutions, 3)
corporate social responsibility
7.3.1 Green Banking
Green banking defined as promote
environmental-friendly practice and
reducing your carbon footprint from your
banking activities.Green Banking covers a
wide region of banking exercises that have
positive effect on society and ecological
insurance lastly leads towards reasonable
banking. Along these lines, every one of the
exercises that spread principled financial
exercises like vitality
effective financing and motivating forces,
green charge cards, green credits, green
investment accounts, green financial
records, green currency advertise accounts,
green versatile banking accounts, web based
banking, remote store, squander the board,
rooftop planting and green financing go
under the umbrella of maintainable banking
for by and large practical advancement.
7.3.2 Green Finance
Green finance refers to any financial
instrument or investment – including equity,
debt, grant, purchase & sale or risk
management tool (for example: investment
12. 12
guarantee, insurance product or commodity,
credit or interest rate derivative, etc.) –
issued under contract to a firm, facility,
person, project or agency, public or private,
in exchange for the delivery of positive
environmental externalities that are real,
verified and additional to business as usual,
whereby such positive externalities result in
the creation of transferrable property rights
recognised within international, regional,
national and sub-national legal frameworks.
A total amount of BDT 71.35 billion has
been disbursed directly as green finance
during FY18 by 31 Banks out of 57 and 8
FIs out of 33. Product-wise green finance by
banks & FIs are given in Table 6.1.
Bank/FIs Sector-wise contribution of the
total green finance shows that the PCBs
played the main role (92.37 percent)
followed by NBFIs (4.75 percent), SOCBs
(2.54 percent) and Share of productwise
green finance demonstrated in Chart
7.3.3 Financial conclusion- is where
individuals and businesses have access to
useful and affordable financial products and
services that meet their needs that are
delivered in a responsible and sustainable
way. Financial inclusion is defined as the
availability and equality of opportunities to
access financial services. Those that
promote financial inclusion argue that
financial services can be viewed as having
significant positive externalities when more
people and firms participate. One of its aims
is to get the unbanked and underbanked to
have better access to financial services. The
availability of financial services that meet
the specific needs of users without
13. 13
discrimination is a key objective of financial inclusion.
Corporate social responsibility
7.4 Sustainability Reporting towards
Sustainable Development: Practices in
Banking Sector of Bangladesh
Sustainability reporting has gathered a
momentum importance at present in the
developing countries like Bangladesh. The
study examined the present sustainability of
all listed banking companies for the period
of 2017. The study propose a sustainability
reporting score model along with the global
reporting initiatives sustainability reporting
indicators. Among 31% commercial banks
along 12% banks reported sustainability
separately in the annual report according to
(GRI) report guidelines 39% banks
disclosed report of sustainability without
following (GRI) reporting guideline and
49% banks did not disclosed their separate
annual sustainability report. The study
further tested the sustainability reported key
performance indication (KPI) of the listed
banks in relation to the environment society
and economics. The finding reveled that
Bangladesh Banking sector is in a new era
of the sustainable reporting the finding have
significance implication on the corporate
level as well as policy makers of the country
14. 14
to think about sustainable development for
the future emergence of the country
economy.
7.5 SUSTAINABLE BANKING IN
BANGLADESH FOR ACHIEVING
SUSTAINABLE DEVELOPMENT
GOALS (SDGS) & ROLE OF
BANKS IN BANGLADESH
In continuation of the stride of Millennium
Development Goals (MDGs), to finish
neediness, to spare the earth and to warrant
human improvement the Sustainable
Development Goals (SDGs) have been
structured comprising of 17 (seventeen)
objectives while including new territories,
for example, a worldwide temperature
alteration, money related uniqueness,
modernization, urbanization, and great
administration. towards actualizing the
above feasible improvement objectives.
Bangladesh Bank goes about as scaffold for
checking
correspondence and coordination among
concerned government organizations to
actualize the financing approaches of
feasible improvement. While assessing the
yearly reports of various business banks of
Bangladesh, the accompanying
15. 15
maintainability exhibitions have been
discovered general among them
ENERGY CONSERVANCY
This indicates the ecologically accountable
activities that embody identification and
management of method to cut back direct
and indirect impact of various activities on
the setting, cut back energy consumption
and additionally economical utilization of
energy resources.
WASTE MANAGEMENT AND
RECYCLIN
This shows the naturally mindful exercises
that incorporate recognizable proof and the
board of procedure to diminish immediate
and roundabout effect of various exercises
on the earth, lessen vitality utilization and
furthermore proficient usage of vitality
assets
CONGENIAL WORK ENVIRONMENT
To cook self-awareness, advance
cooperation and for expanding productivity,
an amicable workplace is created at the
associations guaranteeing word related
wellbeing and security course of action..
SCHOOL BANKING
In Gregorian calendar month 2010,
Bangladesh Bank taught to any or all
industrial banks in Bangladesh needs to
open college banking branches to bring
students below the umbrella of banking
services which is able to facilitate the
economic activities of the state and can have
contribution towards property development.
the first aim of college banking program is
to inspire savings and encourage the savings
habit among the scholars as future national.
until Gregorian calendar month 2017,
variety of total college banking accounts in
Bangladesh raised to one,46 million having
a deposit quantity of BDT 13629.60 million
(USD 164.81 million).
OCCUPATIONAL HEALTH
It includes the steps taken by a company to
guard its staff from the activity health
hazards and conjointly watch out of the
health and safety of its stakeholders through
identification of risk factors, making certain
protecting measures, capability building in
health safety and conjointly money
cooperation just in case of accidents.
16. 16
GREEN SUPPLY CHAIN
MANAGEMEN
While moving into concurrences with
providers mulling over of their particular
social and natural hazard is green store
network the board through which business
elements become dedicated to their
providers with deference and exceptionally
if there should arise an occurrence of
agreement and installment terms.
NETWORKING & RELATIONSHIP
Under this concept, organizations tend to
work with others to share knowledge and
enhance awareness of sustainable
development issues while having role in the
public debate on the similar issues.
FREQUENT REPORTING
By and by there is no necessary commitment
to give an account of CSR exercises still
various associations are delivering report on
their CSR exercises. As CSR is considered
as an act of manageability exercises,
association's inspiration towards CSR
distribution is viewed as their solid duty
towards condition and society
EMPOWERMENT AND EFFICIENCY
It is needed to boost the potency and
direction of the persons along side
establishments and sector as a full to be
capable of analysing SWOT (strength,
weakness, chance and threat) in reference to
profit generation activities
HUMAN RIGHTS
Human Rights and other social equality
infringement ought to be stayed away from
and the unfriendly issues are to be tended to
in appropriate way.
INVESTMENT TO THE COMMUNITY
Associations need to get worried about the
network from where these are worked to
guarantee essential needs like recovery,
medicinal consideration, training, little
enterprises, social exercises, explore,
information improvement, salary age,
innovative progression, business and
strengthening of the general public.
EDUCATIONAL DEVELOPMENT
Backing for instructive advancement
incorporates giving foundation, belittling
examination and information improvement
exercises, course of action for material
support, offering gifts and grants.
MATERIAL DEVELOPMENT
17. 17
Game plan of preparing, workshop and
media programs for the limit working of the
business visionaries.
DISABILITY REHABILITATION
Restoration of the physically and simple-
minded people through money related help
and furthermore through making business
openings.
ENCOURAGING PHILANTHROPY
Representatives and laborers of the
association as a feature of their common
obligation can likewise add to the
advancement of the network. Associations
can support and move the representatives to
share their additional time, extra assets,
unique abilities and vitality to various social
assistance exercises for the oppressed
exceptionally those are started and
disparaged by the association.
8. Recommendation
The study is based on discussing the current
sustainable banking practice in Bangladesh
Bank as well as its future prospect in socio-
economic development in our country. It is a
complex study and its complexity is also a
major limitation. Since the independence,
Bangladesh has walked a long way. The
nation was once considered a bottomless
basket but now considered as one of the
most successful nation in terms of economic
prosperity and socio-economic development.
In the upcoming decades, the country wishes
to achieve her desired development goals
with efficiency. Energy is a crucial
constituent in this regard. Access to energy
and how efficiently energy is being used
will determine the speed of the
development. Now-a-days sustainable
banking for sustainability reporting practices
has become the best practice across the
world today. With a focus on sustainability,
organizations can manage their
environmental and social impacts while
improving natural resource stewardship and
operational efficiency and letting it remain a
critical component of employee,
stakeholders and the relation with them for
going the extra miles and the banks
understand that the sector will play a critical
role in achieving the Sustainable
Development Goals (SDGs). From the
research study, it has been observed that
while all of the SDGs can be inspirational
for organizations, focusing on those that
align best with the business strategy and
existing corporate responsibility priorities
likely will be most impactful for the banking
industry. Banks in Bangladesh are mapping
business activities through sustainable &
18. 18
green banking process adopting
sustainability reporting under GRI method
to achieve key SDGs.
9. Conclusion
Bangladesh's financial sector is dominated
by the banking sector. The dominance of the
banking sector makes the financial sector
vulnerable on the one hand, but highlights
the crucial importance of the sector in
resource mobilisation and economic growth,
on the other. The banking sector has
achieved considerable success due to the
reforms in the 1990s, 2000s and afterwards.
However, the sector will have to prepare for
the next generation of global regulatory
framework and meet emerging clients'
needs. In the coming days, the banking
industry will have to achieve the ability to
absorb shocks arising from financial and
economic stress, improve risk management
and governance, and strengthen banks'
transparency and disclosures. And if the
sector has to play the larger role of
contributing towards a stable and sound
macroeconomic situation, the banking sector
has to go through the painful path of stricter
policy and legal measures. The SDGs are
unique in that they cover issues that affect us
all. The SDG of the banking sector in
Bangladesh reaffirm our international
commitment to end poverty, permanently,
everywhere. They are ambitious in making
sure no one is left behind. More importantly,
they involve us all to build a more
sustainable, safer, more prosperous planet
for all humanity.
10. References
1.https://www.linkedin.com/in/md-touhidul-alam-
khan-fcma-csra-013a4214/detail/recent-
activity/shares/
2.https://www.linkedin.com/feed/update/urn:li:activit
y:6607101570259746816/?updateEntityUrn=urn%3
Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3
Aactivity%3A6607101570259746816%29
3.https://www.linkedin.com/feed/update/urn:li:activit
y:6607165082432606208/?updateEntityUrn=urn%3
Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3
Aactivity%3A6607165082432606208%29
--https://lnkd.in/dWxsa8f
4.https://today.thefinancialexpress.com.bd/stock-
corporate/prime-bank-wins-award-on-sustainability-
report-1575129355
5. Thompson & Hilary, (1995) “The Role of
Financial Institutions in Encouraging" Improved
Environmental Performance. In Rogers,-Michael-D.,
ed. Business and the environment. New York: St.
Martin's Press; London: Macmillan Press; 271-81
6. Greenwade (2007). “Green Financial Products and
Services”. In Reduce Costs and Improve Performance
with Green Banking. Switzerland: UNEP
19. 19
7. Sharon & Willians (1992), “Helping a Lender
Develop an Environmental Risk”. In The Practical
Real Estate Layer. England: UNCW Magazine.
8. Jeucken & Bouma (1999). “The Changing
Environment of Banks”. In GMI Theme Issue
England: UNCW Magazine. Mr.Dharwal &
Mr.Agarwal (2003). “An Innovative Initiative for
Sustainable Development”. In Imperatives of Green
Banking. India: Nice printer
9. Jeucken, M (2001) “Sustainable Finance and
Banking” The finance Sector and The Future of the
Planet. London, Earthscan.
10. Aristotle & Sachs (2002).”Nicomachean Ethics”.
In Nicomachean Ethics. English:Newbury,
Massachusetts: Focus Pub.
11. Maclean, C. and K. Olderman (2015),
“Innovative Financing Models for Energy
Infrastructure in Africa” Lab Report, Milken
Institute, California
12.Nilsson, M., Griggs, D. and M. Visbeck (2016),
“Map the Interactions between Sustainable
Development Goals, Nature, 534: 320-322.
13. SREDA (2015), Energy Efficiency and
Conservation Master Plan Till 2030, Dhaka.