Sustainable banking: overview and future avenue
Banks have a role to play in directing the flow of social capital and should use their characteristics to direct it towards sustainable development. Sustainable banking is defined as the delivery of financial products and services that are developed to meet the needs of people and create profits while protecting the environment (Yip and Bocken, 2018). Banks play an important role in the financial system and have a huge impact on the country and global financial stability. In the context of sustainable development trends, the banking sector has a responsibility to bridge the gap between top-down and bottom-up transformations to enhance the well-being of people globally. Also, because of its effects as a financial intermediary, banks can influence the pace and direction of development of their clients and their own business models (da Silva In á cio and Delai, 2021). The subprime crisis, the financial crisis of 2008, the fourth industrial revolution and the Covid-19 pandemic have all pro