Report on Green Banking Practice of National bank Limited

Abstract

Green Banking is a revolutionary move to change business practice in the banking sector for the sustainable expansion in future. These days, banks have started to think about being green. An interrogatory may arise that what is the necessity of the “Green Movement” to their own bank? The answer lies in the phrase ‘Green’ which refers a broad opportunity of communal, moral and environmental extent. In connection of the ultimate goal of this report is to analyze largely Green Banking focusing the environmental features. “Green” is essentially to illustrate banks’ which impacts on the environment, environmental conscientiousness and eco friendly performances in their activities. Policy was developed for Green Banking and imposed upon all scheduled banks by Bangladesh Bank on February 27, 2011. From that period NBL has formed a Green Banking Policy Implementation unit and lounged green policy and successfully operating an effective Green unit comprising officials headed by one Deputy Managing Director and the unit is acting to implement Green Banking activities in the Bank. In addition, this responsive policy helps to compose effective and far-reaching market oriented solutions to trace a range of ecological dilemmas. Those dilemmas including alteration of atmosphere, deforestation, biodiversity hammering and air inferiority issues. At the same time green banking strategy is introduced and protecting new business probability which ultimately facilitate the entrepreneurs. Green banking emphasizes ecological issues. Its aim is to ensure a good ecological and social business practices. On the whole, this process is really a good initiative for people to raise awareness about global warming. Entrepreneur will bestow a great deal to the environment for making this earth a healthier place to live.