The Role of Banking in sustainable Development: A study of Environmental and social Governance Factors

Authors

  • Pritam Lanjewar Assistant Professor, Datta Meghe Institute of Management studies, India
  • Kanchan Naidu Ramdeobaba University, India
  • Gayathri Band Ramdeobaba University, India
  • Vijaykumar Kaluvala Associate Professor, MBA department, KL university Hyderabad, India
  • Arvinder Kour Mehta Assistant Professor, Yeshwantrao Chavan College of Engineering, India
  • Shubham Ramteke Student, Datta Meghe Institute of Management studies, India

DOI:

https://doi.org/10.63278/1344

Keywords:

Sustainable Development, Banking Sector, ESG Factors, Green Finance, Social Responsibility, Environmental Governance, Financial Inclusion, India.

Abstract

Global economic tides have shifted, and sustainability has key priorities stemming from these trends — where banks have a fundamental function in addressing and funding sustainable processes. This paper seeks to investigate the significant influence of the banking sector in facilitating sustainable development by adopting it through the inclusion of Environmental, Social, and Governance (ESG) considerations in their operations, investment activities and policies. The paper explores how public and private sector banking institutions can urge corporates to align themselves with corporate and green financing by conducting an ESG practice in the finalizing of financial positions. The study employs a mix of primary and secondary data to examine the degree to which ESG is embedded in banking strategies and had influence on lending, risk management, and stakeholder engagement. The results show that banks with proactive ESG policies make, on average, a strong contribution on all three dimensions of ESG: environmental protection, social welfare and long-term economic sustainability. With this study proposes policy recommendations that would aid ESG compliance and bolster the role of banks as drivers for sustainable development in India and abroad.

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How to Cite

Pritam Lanjewar, Kanchan Naidu, Gayathri Band, Vijaykumar Kaluvala, Arvinder Kour Mehta, and Shubham Ramteke. 2025. “The Role of Banking in Sustainable Development: A Study of Environmental and Social Governance Factors”. Metallurgical and Materials Engineering 31 (3):167-72. https://doi.org/10.63278/1344.

Issue

Vol. 31 No. 3 (2025)

Section

Research

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Copyright (c) 2025 Pritam Lanjewar, Kanchan Naidu, Gayathri Band, Vijaykumar Kaluvala, Arvinder Kour Mehta, Shubham Ramteke

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