Sustainable Development through Green Banking-the Way Ahead for Banking Sector

The world faces a great challenge of environmental degradation which has drawn the attention of global citizens and policy makers alike. Banking sector has an important role to play make the planet safe for survival of living beings. Green banking practices not only mean promoting environment-friendly practices and reducing carbon footprint from day to day banking activities but addressing the issue of carbon credit. Adopting innovative practices can be a significant step in addressing environmental issues for sustainable growth. Green Banking means ensuring environment friendly practices in banking sector and thereby reducing internal and external carbon footprints. Banking industry is generally not considered as polluting industry. But it impacts the environment in terms of increasing energy consumption (lighting, air conditioning), paper consumption. This paper attempts to discuss the different practices relating to green banking practices.