Using Green Finance for Attaining Sustainability: A Comparative Study Of The Iraqi Private Banks
DOI:
https://doi.org/10.31150/ajebm.v5i1.789Keywords:
Green Finance, sustainability, Iraqi private banks, Iraqi Stock Exchange Market.Abstract
The economic growth of the current century calls for a rapid shift from the brown projects to green economy because of the environmental damage being caused by the depletion of the natural resources. It is time that banks must adopt green financing rapidly by assigning a big share for green projects. The current study aimed to investigate the green financing trend of the Iraqi private banks listed with Iraqi Stock Exchange Market. The investigation is quantitative in nature and sampled 15 private banks while purposively accessing them to collect data through green banking items disclosure. The data analysis showed three trends in green financing during the time period of 2018 – 2020 namely increasing, decreasing and unchanging. The study suggests that Iraqi private banks must increase their green finance so as to increase their share to green economy and attain sustainability.
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