How Green Finance and CSR Practices Impact Environmental Performance: An In-Depth Analysis of Pakistani Banks
Abstract
This study explores how green financing as well as CSR Practices individually contribute through the environmental performance of financial institutions in Pakistan. For the primary research objectives of this study, a non-probabilistic convenience sample of 388 Private Commercial Bank employees in Pakistan was collected. The data from this investigation were examined using structural equation modelling (SEM). According to statistics, corporate social responsibility (CSR) initiatives positively affect an organization's environmental performance. Green financing can have a significant influence on a financial institution's environmental performance, affecting it on social, economic, and environmental fronts. This option exists, given the expanding prominence of ecological funding. This opportunity arises from the increasing demand for environmentally responsible financing. This study had several implications, one of which was that CSR programs and corporate sponsorship of various green initiatives are essential for enhancing the environmental performance of businesses and fostering long-term national progress. This conclusion and a few others were derived directly from the investigation's collected data. This study demonstrates that improving environmental performance in developing nations like Pakistan is possible by increasing internal resources like CSR programs and green money. The study's findings could make this feasible in the future. Pakistan was one of the countries that was the focus of the investigation during the survey. This section provides a more in-depth examination of the policy implications that are most significant as a direct consequence of this segment's location.