Role of banking sector in promoting green investments: Exploring new developments

Abstract

The corporate landscape is gradually moving towards a new premise in the wake of emerging climate change issues encountered by the business community. The natural disasters which experience globally due to climate change have the disruptive effect on corporate sustainability in long run as well as short run profitability of the corporate sector. It is generally believed that the banking sector has a primary responsibility for the go green and should take their hand together in green economic growth. Thus, this paper emphasizes on the role of banking sector in green growth in developing country of Sri Lanka based on secondary data like journals, paper articles, bank reports etc. Currently, Sri Lankan banking sector has taken their initial initiatives to improve the banking sector through green banking activities which are ultimately beneficial to the country's sustainable growth. Green Banking is a not an individual task of banks multi -stakeholders attempt is needed to enhance desired green growth.