...Bottom of Form Email Sent! You have successfully emailed the post. Green Banking For Small Businesses Tim Chen, NerdWallet | Sep. 6, 2011, 9:07 PM | 635 | In an increasingly eco-conscious market, many small businesses are finding creative ways to go green. Whether it’s improving their energy efficiency, buying organic products, composting or just turning off electronics at night, being green means all sorts of things to different people. One small thing you may not have considered is green banking. Most banks have at least one green initiative in place (or claim to), and a few have made the extra effort to distinguish themselves as green businesses. But what does “green banking” mean exactly? Depending on whom you ask, it’s a marketing term, a social philosophy, an investment strategy, and everything in between. However, if you’re an entrepreneur, you probably want to know if it makes sense on a business level. The answer is yes! You’ll save money, you’ll help the planet, and if you’re already running a green business, it’s a great next step. That said, if you’re serious about getting a greener banking experience, you’re going to have to look at facts, not fluff. What is your bank really doing to be more environmentally friendly? Have they cut back on their paper and energy use? Do they invest in sustainable or green businesses? Do they give back to the local community in any way, or give money to charity? You don’t need to do that much digging to get some...
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...Green Banking activities in EXIM Bank Compiled by: Sheikh Moyeen Uddin Executive Vice President IRMAD-II, EXIM Bank, Head Office, Dhaka. What is Green Banking i.e Environmental Risk Management & its purpose? It’s a Banking for saving the environment from different hazards and pollution. A risk due to environmental impacts caused by environmental conditions generating an element of uncertainty or possibility of loss in the context of a financing transaction. Purpose The overall purpose of Environmental Risk Management is to understand and manage risk that arises from environmental concerns. This brings a focus on planning and implementing policies and procedures to mitigate environmental risks. The specific purposes are to: Ø Examine the environmental issues and concerns associated with potential business activities proposed for financing Ø Identify, evaluate and manage the environmental risk and the associated financial implications arising from these issues and concerns Ø Enhance the credit/investment risk appraisal process Approach The following approaches have been used to enhance environmental risk management: Ø Banks should be able to ascertain risks arising out of environmental issues Ø The practice should be directed towards addressing the focused environmental problem that is causing the risks. It should not be used as a tool to solve problems in general Ø The practice needs to be value adding to the customer and should not be policing in nature...
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...TERM PAPER ON GREEN BANKING AND ITS PRACTICES IN BANGLADESH Submitted to: Mrs.Dipannita Battacharjee Assistant Professor Department of Marketing Studies University of Chittagong Submitted By: M.Ariful Aziz Kanon 4th Year, BBA (Hons.) ID-07304020 Session: 2006-2007 Department of Marketing Studies University of Chittagong. Date of Submission: …… July 2012 Introduction: Green Banking is no more new concept in today`s world.The concept of Green is to minimize environmental degradation and making this planet habitable and its being used in Banking sector which is presently known as Green Banking.The concept of Green Banking was developed in the western countries. Green Banking is a general term, which can cover a multitude of areas from a bank being environmentally friendly to how and also where their money is invested. Green Banking refers and emphases on environmental-friendly practices and reducing carbon footprint from banking activities. A green bank is a bank that promotes environmental and social responsibility but operates as a traditional community bank and provides excellent services to investors and clients. Its progressive approach to the community and the earth makes it different from the crowd. 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 factors. These...
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...Introduction s environmental issues gain greater attention, pressure is being placed on all industries, including financial services to implement “green” initiatives. While green banking is not yet a key reason for most customers to select one financial institution over another, customer demands and greater environmental awareness are driving a number of financial institutions to go green. Environment is a key focus amongst ethical banks (in this field specially called sustainability or green banks) as well as amongst many conventional banks that wish to appear more ethically oriented or that see switching to more environmental practices to be to their advantage. In general bankers “consider themselves to be in a relatively environmentally friendly industry (in terms of emissions and pollution). However, given their potential exposure to risk, they have been surprisingly slow to examine the environmental performance of their clients. A stated reason for this is that such an examination would ‘require interference’ with a client’s activities. While the desire to not meddle in the business of the client is valid, one could also note that banks are required to interfere in the business of their clients regularly to ensure that the clients’ business plan is viable before issuing them a loan. The kind of analysis that all banks partake in is termed a single bottom line analysis (this analysis only considers financial performance). It is arguable whether or not performing a triple bottom...
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...Administration Discipline Khulna University 4th November, 2013 Name of the proposed report: “Green Banking Initiative of Bangladesh bank and Compliance of the Commercial banks” (A Case study based on Khulna City) Introduction: Bangladesh is a country of enormous opportunities. After its liberation war, it has rapidly changed its economic status and in spite of so many obstacles, recently it has introduced itself as a middle income country. But now, along with other countries of the world, it is facing some problems like- global warming, excessive use of carbon-di-oxide and CFC gas, and also some other climatic change and all these are a great threat to our economy. The green banking concept is relatively new in Bangladesh and yet to get momentum. Actually green banking is nothing but the operations of the banking activities giving especial attention upon the social, ecological and environmental factors aiming at the conservation of nature and natural resources. Banks can be green through bringing changes in six main spheres of banking activities (Rahman, et al. 2013). Those are Change in Investment Management, Change in Deposit Management, Change in House Keeping, Change in the Process of Recruitment and Development of Human Capital, Corporate Social Responsibility (CSR), and Making Consciousness Among Clients and General Mass (Rahman, et al. 2013). Green banking, as a concept, is proactive and smart way of thinking with a vision for future sustainability of our...
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...Page | 1 SUSTAINABILITY REPORT UNDER GREEN BANKING INITIATIVES OF TRUST BANK LIMITED Introductory Note The publication of the first Sustainability Report of Trust Bank Limited (TBL) represents its continued commitment to publish information on sustainability matters every year. The Sustainability Report consists of only the GRI technical section to meet the requirements of the Global Reporting Initiative. The scope of the information provided in this report basically covers the activities of Trust Bank Limited in Bangladesh. This report was prepared to make adherence to an application level of the Global Reporting Initiative and is unconfirmed by external assurances. For more information about sustainability at Trust Bank Limited please go to www.trustbanklimited.com. 01. STRATEGY AND ANALYSIS 1.1 CHAIRMAN’S STATEMENT Please see the statement from the Chairman of Trust Bank Limited’s Board of Directors published at the beginning of the Annual Report 2011. 1.2 KEY IMPACTS, RISKS AND OPPORTUNITIES The impacts of the activity of Trust Bank Limited come essentially from three factors: Its importance as a reference institution in the Bangladesh financial sector; Its position as a substantial participant in the Bangladesh market; The importance of the financial sector to balanced economic growth and the contribution that this growth can make to incorporating sustainability more in the economy in general. ...
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...Report On Green Management perspective In Bangladesh SOUTH EAST UNIVERSITY Submitted To Farzana Ferdoushi Faculty, School of Business of SEU Submitted By Mohammad Azmir hossain ID: 2010010000004 Department: B.B.A. Date of Submission March 8, 2014 Introduction Bangladesh is a country suffering from immense social, political, economic and environmental issues and these issues need to be addressed for the overall development of this country. However, we all know that the peoples of the whole world are concerned about the environmental degradation, especially the rising of global temperature and thereby melting of glaciers and ice-berg in the polar region and consequently rising of sea level, which will directly affect the low lying countries of the world like Bangladesh. The world conscious people are also concerned about the increase of Green House Gases and Chlorofluorocarbons (CFCs) and thereby depletion of Ozone layer. As such, every person and especially the professionals must have greater role to check the environmental degradation. The contribution of the banking sector is playing significant role to save the environment through their CSR, investment or other activities. To save the environment, Green Management is the great initiative which is taken by bank all over the world. The word „Green Banking‟ is very common concept in the world. Global warming is a great issue in protection...
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...Green Banking GREEN BANKING 1. Title : Green Banking 2. Duration : 04 working days 3. Frequency : 01 4. Nature : Residential 5. Target Group : Principal Officer or Equivalent Officer and above 6. Methods : Lecture, Group Discussion, Case Study and Project Visit 7. Resource Person : BIBM Faculty and Professionals from Financial and other Institutions 8. Objectives a. To discuss/analyze concepts, policies, rules, regulations, instruments and administrative framework related to Green Banking. b. To familiarize the participants with the involvement of banks and other organizations for developing relevant skills. c. To discuss the problems and potentials of introducing Green Banking in banks in Bangladesh. 9. Contents a. Concept, Evolution, Functions, Benefits, Policies, Regulations, Types, Environmental Issues, Local, National, Private and Global Initiatives and Participation, CSR and Green Banking. b. International Conventions, Treaties, Guidelines and Standards, Kyoto Protocol and Climate Change, Equator Principles (EPs), UN Principles for Responsible Investment (UNPRI), UN Global Compact, UNEP Finance Initiative Statements, etc. c. Policy and Regulatory Environment for Green Banking in Bangladesh, BB Policy Guidelines for Green Banking, Environmental Risk Management Guideline of BB. d. In-house Environment Management in Banks, Online Banking and Green Banking, Energy Efficiency, Paper Saving, Water Saving, Waste Management in Banks. e. Product Ecology, Green Financing...
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...Green banking: Future important issue for banking industry Md. Aminul Islam The scientific name of environmental study is Ecology. More specifically if we define Environmental study or Ecology it means "the scientific study of relation of plants and living organisms to each other and their surroundings." We know this planet "Earth" is the only green planet created by Allah Subhanu Taala. Now, this planet is in danger due to over exploitation and greediness of the humanity. All other fauna and flora are also in danger and already many species have disappeared from this planet due to rapid change of ecosystem. The term Green Banking is now popular worldwide now-a-days. It is for stopping the environmental degradation and making this planet habitable. The concept of Green Banking developed in the western countries, which has been replicated by many developing countries. It means the eco-friendly or environment-friendly banking and it also refers to ethical banking or sustainable banking. We all know that the peoples of the whole world are concerned about the environmental degradation, especially the rising of global temperature and thereby melting of glaciers and ice-berg in the polar region and consequently rising of sea level, which will directly affect the low lying countries of the world. The world conscious people are also concerned about the increase of Green House Gases and Chlorofluorocarbons (CFCs) and thereby depletion of Ozone layer. As such, every person and especially...
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...The Importance of Accounting in Today’s World In the business world, accounting is one discipline of study that all people, regardless of job position, should have some knowledge of. Its concepts can be applied to all job specialties, its importance has been promoted in recent years, and it is useful in people’s everyday lives. First, an accounting education is important because it can be applied in all job specialties. Secretaries must use accounting skills to manage the company check book and orders, auditors have to study financial statements to evaluate the accuracy and integrity of the business, and executives need to judge the success of their business using accounting statements from the past and present. These are just a few of the many possible positions where an understanding of accounting is necessary. Another reason all business students should have some background in accounting is because in recent years, people in the business world have been held more accountable for their financial practices. Since the Enron and WorldCom crisis when independent auditor Arthur Anderson failed to report illegal accounting practices, the SEC has been monitoring public corporations more closely. Thus, companies require some basic knowledge of accounting to avoid any future misstatements unintentionally occurring. Additionally, it is vital that everyone, not just business students, acquire an understanding of accounting for personal benefit. People use accounting...
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...Green Banking Initiative: Opportunities for Bangladesh Dr. S M Ahsan Habib Professor and Director (Training & Research), BIBM The paper was presented at a seminar on Green Banking at BIBM on October 14, 2010 Green Banking Initiative: Opportunities for Bangladesh I. Introduction Banks that were once seen only as profit motive institutions have been adjusting to a more demanding market and to a more conscious society over last two decades. An increasing number of banks around the world are going green by providing innovative green products that cover financial services to support the activities that are not hazardous to environment and help conserve environment. A green bank is also called an ethical bank, a socially responsible bank, or a sustainable bank. The exact meaning of all these titles may not be same however they cover a lot of common activities and perceptions. At least, all these banks- in various ways and at different times- have engaged themselves in making a better future (Merzio 2007). The approach to green banking (GB) varies from bank to bank, however, broad objectives of green banks are to use their resources with responsibility avoiding waste and giving priority to environment and society. The public concern of the state of environment has been growing significantly in the last few years, mostly due to apparently unusual weather patterns, rising greenhouse gases, declining...
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...COUNSELLING | MY BDJOBS | JOB MAIL SERVICE | CAREER Category : Banking/Insurance /Leasing Standard Chartered Bank Graduate Program No. of Vacancies : N/A [Job Source:Bdjobs.com Online job posting, Posting Date: November 11, 2012 ] Store this Job to My BdJobs Cart Share this job Job Description / Responsibility Now, more than ever the world needs growth. By the helping to meet the needs of growing populations, banks have a fundamental role Ii strengthening economies. Supporting million of individuals to achieve their goals, partnering with small and medium enterprises, helping to drive trade and growth, enabling businesses to expand and create jobs- without banks the world would literally stand still. What is important to you? what are you looking for when you graduate? The Banking & Finance sector is complex, yet interesting. It`s confusing, yet highly stimulating. The landscape is constantly changing. Second by second, minute by minute, market fluctuate, new technologies emerge and customer expectations evolve. Does complexity, innovation and pace stimulate you. We believe a bank can be a force for good. We’re well placed to take advantage of the economic shift from west to East. If you want experience in the most exciting growth markets, if you want to explore an industry that is evolving at an epic pace arid most importantly, if you want to help shape the next decade of banking, then connect with us to explore the opportunities. what good could you do...
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...Customer Satisfaction On Environmental Friendly Banking “Green banking” On Dutch Bangla bank ltd. Research Paper on Customer satisfaction On Environmental Friendly Banking “Green banking” On Dutch Bangla bank ltd. Submitted To: Dr. Bishwajit Chandra Deb Chairman of BBA Faculty Associate Professor Dept. of Accounting & Information Systems Comilla University, Comilla Submitted By: Kazi Ayesha Akter Class Id: 0906019 Batch: 4th Session: 2009-10 Dept. of Accounting and Information Systems Comilla University, Comilla Letter of Transmittal September 03,2014 Dr. Bishwajit Chandra Deb Chairman Associate Professor Dept. of Accounting & Information Systems Comilla University, Comilla Subject: Submission of Research Paper on The Customer satisfaction On Environmental Friendly Banking “Green banking” On Dutch Bangla bank ltd. Dear Sir, By the grace of almighty Allah, the benevolent and merciful, your solitary help, I have been successful to complete the research on the study of “Research Paper on The Customer satisfaction On Environmental Friendly Banking “Green banking” On Dutch Bangla bank.” that you have asked to prepare. I have tried our best to make the research within the given time period. Though my intention was strong to make the best research, unfortunately there may be some mistakes. I hope that you will consider my mistakes with mercifully. Therefore, I sincerely, expect that you would be kind enough to accept my research paper for evaluation and oblige...
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... where people secure their money and use this institution as a source of possible finance. Banking in the form in which it exists nowadays is comparatively of recent origin. Before the advent of modern banking, direct finance, where the owner of capital deals directly with the user of capital, was the customary mode of transference of funds from savers to investors. Now, banks are engaged in various functions i.e., receiving, collecting, transferring, paying, lending, investing, dealing, exchanging, and servicing money and claims to money both locally and internationally. Bangladesh is a country suffering from immense social, political, economic and environmental issues and these issues need to be addressed for the overall development of this country. However, we all know that the people of the whole world are concerned about the environmental degradation, especially the rising of global temperature and thereby melting of glaciers and ice-berg in the polar region and consequently rising of sea level, which will directly affect the low lying countries of the world like Bangladesh. The world conscious people are also concerned about the increase of Green House Gases and Chlorofluorocarbons (CFCs) and thereby depletion of Ozone layer. As such, every person and especially the professionals must have greater role to check the environmental degradation. The contribution of the banking sector is playing significant role to save the environment...
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...Website: www.bangladesh-bank.org www.bangladeshbank.org.bd www.bb.org.bd Banking Regulation & Policy Department Bangladesh Bank Head Office Dhaka February 27, 2011 BRPD Circular No.02 Date: ---------------------- Falgun 15, 1417 Chief Executives All Scheduled Banks in Bangladesh Policy Guidelines for Green Banking Introduction: We are aware that global warming is an issue that calls for a global response. The rapid change in climate will be too great to allow many eco-systems to suitably adapt, since the change have direct impact on biodiversity, agriculture, forestry, dry land, water resources and human health. Due to unusual weather pattern, rising greenhouse gas, declining air quality etc. society demands that business also take responsibility in safeguarding the planet. Green finance as a part of Green Banking makes great contribution to the transition to resource-efficient and low carbon industries i.e. green industry and green economy in general. Green banking is a component of the global initiative by a group of stakeholders to save environment. The state of environment in Bangladesh is rapidly deteriorating. The key areas of environmental degradation cover air pollution, water pollution and scarcity, encroachment of rivers, improper disposal of industrial medical and house-hold waste, deforestation, loss of open space and loss of biodiversity. In addition, Bangladesh is one of the most climate change vulnerable countries. In line with global...
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