Industry lessons for green banking in Malaysia Online publication date:: Thu, 16-Jan-2020
by Chuen Khee Pek; Hui Boon Tan; Rebecca Chunghee Kim; Patricia Mei-Mei Ang
International Journal of Green Economics (IJGE), Vol. 13, No. 3/4, 2019
Abstract: This study reports the perception of green banking and willingness to participate in green loans by industries in Malaysia and to share lessons of green banking as an enterprise-knowledge transfer. A qualitative methodology was employed in this study and a positive perception of the industries on green banking was confirmed, setting meaningful criteria for green banking guidelines. Besides, a quantitative model was used to identify the drivers and willingness to accept green loans by the industries. The industries requested more stakeholder consultative meetings to improve the awareness of green loan availabilities and application approval rates. This study reveals the gaps in green banking practices with suggested solutions for knowledge sharing with economies supporting sustainable development. Malaysia has prepared the infrastructures well but the ecosystem can be improved by better matches between the market demand and supply following the guidelines of green banking proposed.
Online publication date:: Thu, 16-Jan-2020
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