Abstract
The objective of this chapter is to perform a systematic literature review (SLR) of the academic research on green banking and finance adoption and suggest areas of research that require further exploration. Using the POWER and Theory, Characteristics, Context and Methodology (TCCM) frameworks, the 51 relevant articles from Scopus database (2005–2023) were reviewed, with a focus on bibliometric insights and a framework-based review. The findings reveal a significant surge in publications after 2020, with India, China and Pakistan emerging as the top contributors. The stakeholder theory emerged as the most commonly applied framework for studying green banking and finance adoption intentions. The study further classified the various factors affecting the adoption of green banking under three categories: customer-related, employee-related and industry-related. Based on these insights, a comprehensive conceptual framework and substantial directions for subsequent empirical studies are proposed. The study also emphasizes the need to incorporate more environmental theories into banking sector research and calls for more extensive empirical studies to explore domain-specific services. The findings are crucial for customers, policymakers and financial institutions, aiding efforts to mitigate climate-related risks and enhance sustainability in banking sector.
