Green Banking definition

Green Banking means operating banking business in such a fashion that proper and adequate attention is allocated in social, ecological and environmental factors of environment by minimizing conservation of nature and natural resources. “Green Banking” is a form of banking taking into account the social and environmental impacts and their main objects are to safe-guard and conserve the environment. As the intermediary of financial sector, banks can ensure that business entities adopt environment-friendly practices. The main objective is to reduce carbon footprint from banking operations as well as from financed projects.
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Green Banking. Green banking means promoting environmentally friendly practices and reducing your carbon footprints from your banking activities. Green banking aims at improving the operations and technology along with making the clients habits environment-friendly in the banking business. It is like normal banking along with the consideration for social as well as environmental factors for protecting the environment.
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Examples of Green Banking in a sentence

  • This facility is in paper but not in practice because they have no money in Green Banking Fund.

  • The project’s goal is to increase the share and volume of bank loans screened against improved Green Banking Guidelines (GBGs) and to increase the number of intermediaries to provide Environmental, Social & Governance (ESG) training to banks after IFC exit.

Related to Green Banking

  • Digital Banking (a) means our present and future online banking services which can be accessed through 365 Online, Business Online, Bank of Ireland Mobile Banking, and services available on www.bankofireland.com; and

  • Mobile Banking means the banking services accessible from the Device you have registered with us for Mobile Banking.

  • Internet Banking means the service we offer by which you can access and transact on a nominated account by using a personal computer and accessing via our website. This includes transactions processed through the mobile banking facility as well as the smartphone app facility.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Online Banking is the internet-based service providing access to your Bank account(s);