Abstract:

The growing concerns regarding climate change, environmental degradation, and sustainable economic development have increased the importance of environmentally responsible financial practices across the banking sector. Green banking has emerged as a significant approach through which financial institutions integrate sustainability into their operational activities, financing decisions, and customer services. In the Indian context, banks have gradually adopted various green banking initiatives such as paperless banking, renewable energy financing, green loans, digital banking services, and sustainable investment practices to support national and global sustainability objectives. In this regard, the Sustainable Development Goals (SDGs) introduced by the United Nations provide an important framework for promoting inclusive and sustainable development.

The present study examines the role of green banking in achieving the Sustainable Development Goals (SDGs) in India with evidence from selected Indian banks. The study mainly focuses on major SDGs associated with environmental sustainability, clean energy, responsible consumption, sustainable infrastructure, and climate action. A descriptive and analytical research design has been adopted for the study using secondary data collected from annual reports, sustainability reports, ESG disclosures, Reserve Bank of India reports, and relevant research articles published between 2020 and 2025. Selected public and private sector banks have been considered to analyse the extent of green banking initiatives and their contribution towards sustainable development.

The findings of the study indicate that Indian banks are increasingly incorporating sustainable banking practices into their operational and financial activities. Green banking initiatives contribute significantly towards achieving SDGs through reduced paper consumption, promotion of renewable energy projects, digital financial services, and environmentally responsible financing. However, challenges such as inadequate awareness, lack of standardised green banking policies, and limited sustainability disclosure continue to affect effective implementation. The study concludes that strengthening green banking practices can play a vital role in promoting sustainable economic growth and achieving long-term environmental sustainability in India.

Keywords:

Green Banking, Sustainable Development Goals (SDGs), Sustainable Finance, Environmental Sustainability

Aim/Objectives

Methods