Abstract

Banks have understood that, for their own reasons and from the standpoint of their stakeholders, they cannot afford to continue along the usual road of fostering green economic development initiatives at this point in the cycle. Therefore, the banks have put ecological and digital objectives on the same level of importance as policies on environmental management systems in their strategic planning. To be more specific, achieving the low-carbon economy target would require not only limiting transition and practices to allow them to peak and carbon emissions reductions to peak, but also putting in place a number of activities and initiatives, as well as regulations, to achieve the desired results. After describing how banks are moving toward low-carbon executions, the study explains how they are putting their ideas into practice in order to reach their goals

Keywords

Low carbon, Green financing, Carbon footprint, commercial banking industry