The banking industry is recognized as one of the world’s biggest segments and a prominent figure in the industrial sector. Therefore, the digital banking industry, known specifically as green banking, is a key stakeholder in encouraging environmentally friendly and sustainable investments. These environmental and sustainable investment initiatives allow the use of appropriate technology by businesses and inspire them to implement effective management systems in the environment.
The idea of green banking has been introduced to enable banks to minimize their carbon footprint and to implement eco-friendly strategies such as modifying their lending principles and strategies to reduce industrial pollution. The green banking idea is a recent and least defined concept in Pakistan. Under Pakistan, Environmental Protection Act 1997 (State bank Pakistan, 2017), the first time the State Bank of Pakistan released green banking guidelines.
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