Title: Industry lessons for green banking in Malaysia

Authors: Chuen Khee Pek; Hui Boon Tan; Rebecca Chunghee Kim; Patricia Mei-Mei Ang

Addresses: UCSI University, Kuala Lumpur, Malaysia ' University of Nottingham Malaysia, Selangor, Malaysia ' Ritsumeikan Asia-Pacific University, Oita, Japan ' University of Nottingham Malaysia, Selangor, Malaysia

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.

Keywords: green banking; green loans; Malaysia.

DOI: 10.1504/IJGE.2019.104506

International Journal of Green Economics, 2019 Vol.13 No.3/4, pp.167 - 186

Received: 05 Aug 2019
Accepted: 21 Oct 2019
Published online: 16 Jan 2020 *

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