The Social Responsibility of National Bank in Financing Green Startups: A Comparative Study of Domestic and International Bank
Keywords:
Social Responsibility, Startups, Green Financing, Melli Bank of IranAbstract
This study was conducted to investigate the relationship between green financing and bank investment in clean energy projects within the context of green startups. The statistical population included both domestic and international banks active in this field, with the sample consisting of the Bank of Iran as a representative of domestic banks and several international banks. The research period spans from 2017 to 2024. Datas were collected from reliable library sources, including annual bank reports, international organization reports, scientific articles, and reputable information websites. Using descriptive-analytical methods and a simple linear regression model, a positive and significant relationship was observed between green financing and bank investment in clean energy projects. The results showed that the Bank of Iran has made efforts in recent years to support green startups. A comparison with international banks revealed that these banks are more extensively and systematically engaged in the field of social responsibility and green investment. Finally, recommendations were provided to enhance the social responsibility of the Bank of Iran in supporting green startups, including increasing collaboration with these startups, issuing green bonds, and making responsible investments in renewable energy. This study can serve as a scientific basis for the development of green financial policies in Iranian banks
Downloads
References
M. Tasnia, S. M. Syed Jafaar Alhabshi & R. Rosman. Journal of Sustainable Finance & Investment. 2023, 13(4), 1711-1731.
M. N. E. A. Siddique, S. M . Nor, Z. C. Senik & N. A. Omar.Sustainabilit. 2023, 15(3), 1807,1-19.
M. Ramzan, M. Amin & M. Abbas. Research in International Business and Finance. 2021, 55, 101314,1013141-1013149.
T. Gehrig, M. C. Iannino & S. Unger. Journal of Financial Stability. 2024, 70,1011911-10119123.
K. F. Aliamutu & M. V. Mkhize. Journal of Accounting Research.Organization and Economics, 2024,7(1), 111-129.
M. Gidage & S. Bhide. International Journal of Productivity and Performance Management. 2025, 2(1), 3499-3524.
M. A. I. Gazi, A. Al Masud,S. bin Kabir, M. A. I. Chaity, S. A. R. bin Senathiraja. & M.K.H. Rahman. Journal of Sustainability Research. 2024. 6(4), 1-32.
X. Cai & X. Song. Energy & Environment. 2024, 35(2), 986-1003.
X. Dai, A. B.Siddik & H. Tian. Sustainability. 2022 , 14(20), 13607,136071-1360717.
M. Kumar & V. Sandhu. South india journal of social sciences. 2023,21(1), 38-48.
V. Chassagnon & G. Vallet. Review of Political Economy. 2024, 36(2), 658-684.
Https://marketresearch.biz/report/green-finance-market/
Https://4irelabs.com/articles/green-finance-trends/
Https://www.climatebonds.net/2021/10/1trillion-annual-green-bond-milestone-tipped-end-2022-latest-survey-sean-kidney-calls
Https://www.tbsnews.net/economy/investment-sustainable-finance-grows-87-yoy-503158
Https://www.thehindu.com/business/hdfc-bank-reports-csr-spend-of-945-crore-in-fy24/article68422383.ece
Https://indiacsr.in/csr-axis-bank-surpasses-csr-spending-goals/
Https://www.icicibank.com/ms/aboutus/annual-reports/2022-23/icici/social-and-relationship-capital.html#:~:text=CORPORATE%20SOCIAL%20RESPONSIBILITY%20(CS),development%20and%20supporting%20sustainable%20livelihoods.
Https://www.bracbank.com/financialstatement/Annual_Report_2023.pdf
Https://www.ebl.com.bd/eblannualreports/areport-23/reports/21-Corporate-Social-Responsibility.pdf
Https://thefinancialexpress.com.bd/trade/banks-csr-spending-down-by-18pc-in-2023-bangladesh-bank#google_vignette
Https://www.nbp.com.pk/financialstatements/Annual-Financial-Statements-2023.pdf
Https://www.faysalbank.com/wp-content/uploads/2024/02/Annual-report-2023.pdf
Https://www.bankalhabib.com/corporate-social-responsibility#:~:text=Energy%20conservation%2C%20environmental%20protection%2C%20and,safe%20and%20healthy%20work%20environment
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Abolfazl Najarzadeh (Corresponding author)

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.