An Examination of Sustainable Finance Practices in Nigerian Banks: Evidence from GTBank
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Background of the Study
Sustainable finance practices have gained prominence in recent years as businesses strive to balance profitability with environmental and social responsibility. In Nigeria, banks like GTBank have embraced sustainable finance principles to promote economic development, environmental conservation, and social inclusivity.
Sustainable finance practices involve integrating environmental, social, and governance (ESG) considerations into lending, investment, and operational strategies. For GTBank, these practices include funding renewable energy projects, offering green loans, and adopting environmentally friendly banking operations (IFC, 2023).
This study examines the implementation of sustainable finance practices at GTBank, assessing their impact on the bank’s performance and societal contributions.
Statement of the Problem
While Nigerian banks have adopted sustainable finance practices, the extent of their implementation and impact remains unclear. GTBank, a leader in the industry, faces challenges such as regulatory compliance, stakeholder engagement, and balancing profitability with sustainability.
The limited availability of empirical studies on sustainable finance practices in Nigerian banks hinders the understanding of their effectiveness. This study aims to address this gap by analyzing GTBank’s practices.
Objectives of the Study
- To evaluate the sustainable finance practices implemented by GTBank.
- To assess the impact of sustainable finance practices on GTBank’s performance.
- To identify challenges and opportunities in adopting sustainable finance practices.
Research Questions
- What sustainable finance practices are implemented by GTBank?
- How do these practices impact GTBank’s financial and operational performance?
- What challenges and opportunities exist in adopting sustainable finance practices?
Research Hypotheses
- Sustainable finance practices do not significantly influence GTBank’s performance.
- GTBank’s adoption of sustainable finance practices does not significantly impact its societal contributions.
- Challenges in implementing sustainable finance practices do not significantly affect their effectiveness.
Scope and Limitations of the Study
The study focuses on sustainable finance practices at GTBank from 2015 to 2025. Limitations include data confidentiality and the evolving regulatory framework for sustainable finance.
Definitions of Terms
- Sustainable Finance: Financial practices that consider environmental, social, and governance (ESG) factors.
- ESG Considerations: Standards evaluating a company’s environmental, social, and governance practices.
- Green Loans: Loans specifically allocated for environmentally beneficial projects.
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