Sustainable Banking for Sustainable Development Goals: The Case of Bangladesh

Dr. Mohammad Mizanur Rahman
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Dr. Mohammad Mizanur Rahman: Assistant Professor, Manarat Interntional University, Dhaka

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 9, 3443-3473

Abstract: This paper explores the role of sustainable banking in achieving the Sustainable Development Goals (SDGs) in Bangladesh, providing a conceptual framework and practical application. It begins by conceptualizing sustainable banking as an ethical response to traditional profit-driven models, emphasizing the need to integrate social and environmental considerations into financial operations. The study reviews current sustainable banking practices, highlighting challenges such as limited integration of sustainability into core business strategies. Through the lens of Bangladesh’s banking sector, the paper identifies the direct relationship between banking operations and six SDGs (1, 2, 4, 5, 8, and 10), offering a business model that aligns banking activities with national development priorities. This model involves a structured, six-step logical framework approach to translate SDGs into strategic goals, with an emphasis on expanding, scaling, and enhancing the impact of sustainable banking. The proposed framework provides banks with actionable guidelines for maximizing their contribution to the real economy and the SDGs, fostering an innovative shift toward a sustainability-focused business paradigm.

Date: 2024
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