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Green Banking Practices and Sustainability Performance of Commercial Banks in Rathnapura District in Sri Lanka

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Green Banking Practices and Sustainability Performance of Commercial Banks in Rathnapura District in Sri Lanka

Green banking plays a vital role in promoting environmental sustainability

 

Key finding of the study

Employee-related practices, daily operation-related practices, and bank policy-related practices have positive and significant impacts on the bank’s sustainability performance while customer-related practice was not a significant.

 

Authors

M.P.A.S. Munasinghe, Department of Accountancy and Finance, Sabaragamuwa University of Sri Lanka, Belihuloya, Sri Lanka

A.A.M.D. Amarasinghe, Department of Accountancy and Finance, Sabaragamuwa University of Sri Lanka, Belihuloya, Sri Lanka

 

Summary

The objective of this paper is to examine the impact of green banking practices on the sustainability performance of commercial banks in Rathnapura district, Sri Lanka. To achieve this objective, primary data were collected from 180 employees of domestic commercial banks using a structured questionnaire. The stratified random sampling method was used to ensure the representation of employees belonging to different grades in the selected banks. The data were analyzed using a multiple regression analysis. The finding of the study revealed that green banking practices have a positive and significant impact on a bank’s sustainability performance in overall. It also found that employee-related practices, daily operation-related practices, and bank policy-related practices were found to have positive and significant impacts on the bank’s sustainability performance. However, customer-related practice was not a significant predictor of the bank’ sustainability performance. The current study will be vital in understanding the empirical knowledge regarding the impact of green banking practices on bank’s sustainability performance.

 

Published in

Edited Book - Volume 05, Contemporary Issues in Finance

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