BANKING FOR SUSTAINABILITY: EXPLORING GREEN INITIATIVES AND STRATEGIES TO COMBAT CLIMATE CHANGE IN INDIA

To achieve the sustainable development goals particularly SDG 13, related to climate action and to cut emissions to net zero by 2070, the role of the banking sector in promoting sustainability becomes paramount as banks play a crucial role in the Indian economy. India's banking industry is addressing sustainability challenges by implementing green banking practices to support a green economy. The study focuses on recent advancements in sustainability in Indian banks using suitable green banking techniques. This study is based on a secondary data analysis approach, it seeks to provide a detailed understanding of how Indian banks are integrating sustainable strategies and promoting environmental sustainability. The purpose of this study is to explore how Indian banks are promoting a green financial ecosystem, enhancing environmental resilience, and embracing sustainable practices. It also examines the internal sustainability initiatives adopted by Indian banks, such as evaluating and reporting carbon footprints, implementing energy-efficient mechanisms, and following sustainable operational procedures. In conclusion, this study investigates sustainable finance in the Indian banking industry, aiming to inform policymakers, stakeholders, and the public about initiatives and strategies to combat climate change.

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Keywords: Green Finance, Sustainability, Green Banking Initiatives, Sustainable Finance, Climate Change.


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