Document Type : Original Article
Authors
1
Ph.D. Student in Industrial Management, Faculty of Management and Accounting, Rasht Branch, Islamic Azad University, Guilan, Iran
2
Department of Economics and Accounting, university of Guilan, rasht, iran.
3
assistant professor, Faculty of Management and Accounting, Rasht Branch, Islamic Azad University, Rasht, Iran
4
Associate Professor, Faculty of Management and Accounting, Rasht Branch, Islamic Azad University, Guilan, Iran
10.22034/iaas.2023.359952.1348
Abstract
Currently, the banking industry is of great importance due to its unique intermediary role to achieve the goals of sustainable development. The present study reviews previous studies on sustainable banking, aiming at investigating sustainable banking practices in order to improve the banking industry performance. The research method is based on a semi-systematic review. The statistical population included research articles on sustainable banking, which were obtained by the search strategy made in the period of 1995 to 2021 in scientific databases. First, 1004 articles on sustainable or green banking were identified, and finally, focusing on sustainable banking and performance, and based on the inclusion and exclusion criteria, 25 articles were selected for this study. After reviewing the literature, a conceptual framework was achieved regarding sustainable banking and improving the banking industry performance. Based on the conceptual model, it can be stated that sustainable banking should work towards increasing social responsibility so that the performance of the banking industry can be improved. In the present study, sustainable banking practices were defined by social sustainability, environmental sustainability, and ethical considerations. Therefore, in all countries, it is necessary to implement sustainable banking practices in a way that concurrently consider environmental effects and social effects in accordance with green banking and profit maximization according to traditional banking. If these actions are accompanied by social responsibility, profitability and efficiency will also increase and costs will be reduced; Finally, the improvement of the banking industry performance also depends on these three factors.
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