Corporate Sustainability and Financial Performance of Bangladeshi Banks
Corporate Sustainability and Financial Performance of Bangladeshi Banks

Author: Rezaul Karim Chowdhury

Publisher:

Published: 2018

Total Pages:

ISBN-13:

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Purpose- This study analyzes the connection between the sustainability performance and financial performance of Bangladeshi banks to ascertain whether the implementation of sustainability regulations has an impact on financial performance. Furthermore, if an impact is found, whether it increases or decreases the financial performance of these banks. Design/Methodology/Approach- This study evaluates financial and sustainability related performance indicators taken from published Central Bank reports as well as from respective banks' published annual reports and websites. The indicators have been analyzed using several statistical methods, such as Linear Regression, Panel Regression, and Granger causality tests. Practical Implications- Porter and Linde (1995) claimed that improving a firm's environmental performance can lead to better financial performance, without an increase to cost. By following this approach, Bangladeshi banks can make more profit on the one hand and save the environment on the other by investing more in green products and projects. Social Implications- Bangladeshi banks will be able to influence and motivate businesses to become greener, which will reflect on society and on the total economy. As a result, the country will be able to lower the pollution rate and better handle other natural calamities that hinder the everyday life of the people and of society overall. Research Limitations- Since this is a new concept for Bangladesh, with regulations having been introduced only six years ago, the field is currently going through the early development phase. Hence, very little research has been done on this topic. Moreover, the data related to green performance indicators are not consistent throughout the years of implementation due to limited reporting, which limits the set of available data on hand. More data is needed to analyze the long-term effects of the regulations. Originality/Value- To the best of the author's knowledge, this is the first study that explores the sustainability performance of Bangladeshi banks, including their product and services. Furthermore, the study adds to the knowledge regarding the impact of financial sector regulations and policies on the environmental and financial performance of banks. Keywords: Banks; Bangladesh; credit risk; green banking; Environmental & Social Risk Management (ESRM); corporate sustainability; guidelines. Paper Type- Research paper.

Grameen Bank
Grameen Bank

Author: Shahidur R. Khandker

Publisher: World Bank Publications

Published: 1995-01-01

Total Pages: 166

ISBN-13: 9780821334638

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World Bank Technical Paper No. 295. The progress made by the countries of Central and Eastern Europe in privatizing state-owned enterprises has created millions of new shareholders. But for the citizenry to buy and sell shares, these countries must develop stock markets and related institutions such as brokerages, clearing and settling organizations, and regulatory agencies. This paper examines the role of capital markets in the new market economies of Central and Eastern Europe and to what extent governments in the region should encourage the development of such markets. The authors address questions of whether the capital markets will serve merely as a forum for trading stocks or become a source of new equity capital to help restructure the enterprises of the region and whether governments should take a hands-off approach by letting the necessary institutions develop as they are needed or should actively create stock exchanges and establish the overall legal and regulatory framework.

Sustainable Banking
Sustainable Banking

Author: Jan Jaap Bouma

Publisher: Routledge

Published: 2017-09-08

Total Pages: 748

ISBN-13: 1351282387

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This comprehensive addition to the debate on sustainable development has been produced in order to take a global pulse on how the financial services sector is responding to the growing challenge of shareholder and stakeholder expectations on social and environmental performance. In the opinion of many commentators in this new book, given the intermediary role banks play within economies, their potential contribution toward sustainable development is enormous. Indeed, for banks, the conclusion that corporate sustainability has become an investable concept that increases long-term shareholder value is becoming difficult to deny.To date, banks have been relatively slow to examine their exposure to risk (the environmental and social performance of their clients) and the business opportunities of sustainable development (the products and services they offer). Not before time, Sustainable Banking concludes that this is beginning to change, with both risk and opportunity becoming established elements in banking policies towards environmental sustainability. In addition, banks have now begun to take notice of and address their own environmental performance. Through the use of case studies and detailed analysis, the book examines the environmental policies of banks, the importance of transparency and communication with their stakeholders, environmental and ethical investment funds, current practice by the providers of financial services with regard to environmental risk management and, finally, the key role of government, NGOs and multilateral banks in delivering sustainability.Sustainable banking has not, however, been achieved and nor will it be in the immediate future. As globalisation proceeds apace, Sustainable Banking argues that improvements are necessary in banks' attitudes toward transparency and accountability with regard to their lending policies. In addition, in order to promote best practice, the leading banks need to start measuring their customers' environmental performance in order to persuade polluting clients that minimum compliance to regulations will no longer suffice. The book finds many shining examples in the co-operative, mutual and social sectors for the big players to emulate. Environmental and ethical considerations in such loan portfolios have proven to be profitable and "best-in-class" larger banks are now also reaping benefits.The unprecedented scope of the book has attracted contributors from four continents including Deloitte & Touche, Rabobank, The World Bank, The European Bank for Reconstruction and Development, The United Nations Environment Programme, The World Business Council for Sustainable Development, UBS, Henderson Investors, KPMG, The World Resources Institute and SAM Sustainability.

Corporate Sustainability Reporting of Major Commercial Banks in Line with GRI
Corporate Sustainability Reporting of Major Commercial Banks in Line with GRI

Author: Habib-Uz-Zaman Khan

Publisher:

Published: 2014

Total Pages:

ISBN-13:

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This paper aims to examine the tendencies of sustainability reporting by major commercial banks in Bangladesh in comparison with global sustainability reporting indicators outlined in the GRI framework together with banks' predilection toward reporting 16 GRI financial service sector (FSS) specific performance indicators. Based on the GRI G3 guidelines, the paper investigated banks' reporting in five broad areas of sustainability, such as environment, labour practices and decent works, product responsibility, human rights and society. The 2008/2009 annual reports of 12 major commercial banks listed on Dhaka stock exchange were analysed and coded using a content-based technique. The results show that information on society is addressed most extensively with regard to extent of reporting. This is followed by the disclosures prepared on decent works and labour practices and environmental issues. Furthermore, the disclosures of product responsibility information and the information for human rights are rather scarce in banks' reporting; on the subject of FSS-specific disclosures, only seven items out of 16 are disclosed by all sample banks. The findings of the study indicate that Bangladeshi commercial banks' social disclosures could develop in this style to become more holistic and over time (in association with the country's central bank involvement) to resemble a type of structured reporting to the point where they are properly labelled per se. The study contributes to the social disclosure literature, in particular in a developing countries banking sector context, seeing as it disseminates evidence of the standing on social disclosures practices at the level of GRI with developing countries' banks data.

Developing Green Banking Products In Bangladesh: Involvement of Stakeholders
Developing Green Banking Products In Bangladesh: Involvement of Stakeholders

Author: Prakash Saha

Publisher: GRIN Verlag

Published: 2013-04-19

Total Pages: 53

ISBN-13: 3656415102

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Research Paper (postgraduate) from the year 2013 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: none, , course: Green Banking Products, language: English, abstract: Banks which have not involved key environmental stakeholders or which have not adopted a learning-organization approach to business (e.g. risk taking and outward looking), will find that adopting a green mindset is difficult. The new generation Banks and financial institutions in Bangladesh are particularly embracing environment protection with every passing day, in some cases with a missionary zeal to protect the mother earth. This is done both as a part of their corporate social responsibility and as a drive towards socially and ethically responsible banking. They are gradually coming to realize that there is a need for a shift from ‘Profit, profit and profit’ motive to ‘planet, people and profit’ orientation for sustainable development in the long run. In fact, the concept of socially responsible banking has grown considerably with the dawn of twenty first century with the growth in green movement and emergence of a new generation of environmental activists. Further, those industries which have already become green and those, which are making serious attempts to grow green, should be accorded priority to lending by the banks. This method of finance can be called as “Green Banking”, an effort by the banks to make the industries grow green and in the process restore the natural environment. This concept of “Green Banking” will be mutually beneficial to the banks, industries and the economy. To maximize this opportunity, banks must shift to an organizational-learning approach, such that the banks adopt an outward-looking and risk taking orientation. Using Bangladeshi samples, this article tries to address the current position of environmental responsible banking by commercial banks in Bangladesh and examines which stakeholders should be involved in the developing of green banking products in Bangladesh, and what strategies can be used to involve these stakeholders and how banks can learn from these interactions. The results will hopefully provide some insights into strategies and approaches that can be used by others to develop less environmentally harmful green banking products.

Sustainable Banking
Sustainable Banking

Author: Olaf Weber

Publisher: University of Toronto Press

Published: 2016-04-06

Total Pages: 256

ISBN-13: 1442629339

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Sustainable Banking introduces business leaders and students to the many ways in which financial institutions can manage their environmental and social impact and meet the needs of the current generation without compromising the needs of future generations. Olaf Weber and Blair Feltmate go beyond the business case for sustainability: how managing environmental, social, and governance risk can contribute to a bank’s bottom line – to make the sustainability case for banking: how banks and other financial institutions can make a positive impact on society. In their book, Weber and Feltmate discuss the key aspects involved in making a financial institution sustainable: how to manage the direct and indirect impacts of banking activities on the community and the environment, how to minimize and mitigate the environmental footprint of internal operations, and how to account for various types of environmental and social risk in lending and project finance. They also introduce sustainable banking products and strategies being adopted by industry leaders, such as responsible investing, social finance, and impact lending.

Linkage Between Corporate Social Performance and Stock Return
Linkage Between Corporate Social Performance and Stock Return

Author: Sarwar Uddin Ahmed

Publisher:

Published: 2017

Total Pages:

ISBN-13:

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Fierce global competition and shrinking markets are forcing firms towards sustainable profitability. In order to accomplish sustainable profitable business, companies around the world are highly emphasizing on Corporate Social Performance (CSP). Bangladeshi banking and financial sectors are no exception to this trend. Researchers around the world have reported a positive, negative, mixed and neutral impact of CSP on stock return. On this background, this study examines the impact of CSP on stock return in the financial sector of Bangladesh.Data sample covers 30 banks and 23 financial institutions listed in Dhaka Stock Exchange (DSE). CSR reports, websites, regulatory notifications, newspaper articles of 2013 were used for the measurement of CSP and for stock return and other control variables, data of 2014 were used. Logistic Regression was applied to identify the relationships between the variables. The results of the study indicate that, CSP has a positive significant relationship with stock return. Also a positive relation between bank size and higher CSP was revealed. It was evident that investors are sensitive to the corporate social responsibility and firm's positive engagement with the social responsibility does increase the value of stock. Findings of the study are expected to improve the investment climate by encouraging the investors to make their investment decisions based on long-term sustainability. The current study has several policy implications. Based on the findings of the study policy-makers should undertake policy measures to encourage firms to enhance their socially responsible activities. Regulatory bodies such as Bangladesh Bank, Bangladesh Securities Exchange Commission, and Insurance Development & Regulatory Authority Bangladesh (IDRAB) might consider making corporate social and environmental disclosure mandatory to make information easily accessible to the investors. By considering the constraints of considering only bank and financial institutions in this study, a more comprehensive study by covering various industries, having cross-dimensional analysis, is suggested for further studies.

Principles of Green Banking
Principles of Green Banking

Author: Suborna Barua

Publisher: Walter de Gruyter GmbH & Co KG

Published: 2020-08-10

Total Pages: 162

ISBN-13: 3110664313

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Environmental sustainability is perhaps the key societal challenge of our times. Achieving it will require a significant level of financing and investment, and here the role of the banking industry is fundamental. Banks can play a broader and far-reaching role by adopting environmental concerns in their internal and external business operations. Principles of Green Banking is a comprehensive account of the different aspects of green banking and offers theories and principles as well as practical how-to guidelines to adopt green banking practices. This book discusses why green banking is central to achieving sustainable development. It illustrates the evolution of green banking around the world, different types of environmental risks created by firms and how these risks offer threats to sustain ability, and ongoing trends and patterns of green banking practice. Critically, it also presents an outline of the regulatory framework necessary to help the entire banking sector adapt to the change towards green banking. It is a valuable resource for financial sector professionals and scholars in the fields of sustainable finance and banking.

Corporate Social Responsibility: Concepts, Methodologies, Tools, and Applications
Corporate Social Responsibility: Concepts, Methodologies, Tools, and Applications

Author: Management Association, Information Resources

Publisher: IGI Global

Published: 2018-07-06

Total Pages: 1689

ISBN-13: 1522561935

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The decisions a corporation makes affect more than just its stakeholders and can have wide social, environmental, and economic consequences. This facilitates a business environment built around the practical regulations and transparency necessary to ensure ethical and responsible business practice. Corporate Social Responsibility: Concepts, Methodologies, Tools, and Applications is a vital reference source on the ways in which corporate entities can implement responsible strategies and create synergistic value for both businesses and society. Highlighting a range of topics such as company culture, organizational diversity, and human resource management, this multi-volume book is ideally designed for business executives, managers, business professionals, human resources managers, academicians, and researchers interested in the latest advances in organizational development.

Corporate Social Responsibility Reporting in Developing Countries
Corporate Social Responsibility Reporting in Developing Countries

Author: Ataur Rahman Belal

Publisher: Routledge

Published: 2016-05-13

Total Pages: 183

ISBN-13: 1317159349

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Historically, the study of corporate social responsibility (CSR) reporting has largely been within the context of Western economies. However, in the wake of highly publicized incidents such as Bhopal and the struggle of the Ogoni people in Nigeria, many large corporations now claim to be taking steps to improve their environmental and social performance within developing countries. Using the lens of stakeholder theory, this book examines whether the current practice of CSR reporting in developing countries is motivated by a desire to discharge accountability to all relevant stakeholders or whether it is being driven by the imperative of advancing corporate economic interests. While concepts like CSR reporting have become more fashionable, they vary widely in different national contexts; this book therefore clarifies the types and roles of CSR reporting and the underlying corporate motivations. The author considers the current CSR reporting practices in a number of developing countries, with particular attention given to illuminating a case study of Bangladesh.