Role of Green Banking on Sustainable Human Resource Management: An Empirical Study on Private Banks of Bangladesh

Abstract

Banking is considered as a fundamental element to carry on different modern economic activities both in developed and developing nations all over the world. In the case of emerging nations like Bangladesh, implementing sustainable development projects to provide maximum access to different sustainable financing commodities and to exist long time are difficult for various reasons. Without the better financial environment, it would be very difficult to implement any energy related projects domestically. The main objective of this paper is to explore how green banking institutions can provide assistance for achieving sustainable human resource management for banking institutions also sustainable development in Bangladesh effectively. Sustainable development is a constitutional obligation for Bangladesh and sustainable human resource management is the front-line frontier of sustainable development through sustainable Banking. Banking industry holds a unique position with regard to sustainable development because of their intermediation online banking function between depositors and borrowers. This paper examines the current initiatives taken by the regulatory authorities of banking industry in the context of Bangladesh. The study is partially exploratory in nature and includes desk research on existing literature and content analysis to appropriately develop an understanding of the concepts and the role of banking industry towards sustainability in human resource management with special reference to Green Banking (GB) which helps to achieve e-Vacancy advertising, E-recruitment and selection, online based training and development, data warehouse to HR planning etc. The study revealed a positive response in implementing the sustainability issues in HRM by the banks in various capacities under the guidance of the Central Bank. The outcome of the paper is expected to unveil the position of the bank practitioners and policy makers about the sustainability concepts and current status sustainability initiatives taken by the regulatory authority in the banking industry of Bangladesh.