International Research Journal of Education and Technology

As global concerns intensify regarding environmental sustainability, the financial sector's role in fostering eco-conscious practices gains paramount importance. A particular kind of financial instrument called "green bonds" is intended to raise money for initiatives and endeavors that have a positive environmental impact. To finance environmental projects like clean transportation, energy efficiency, renewable energy, sustainable infrastructure, and more, governments, businesses, and other groups issue these bonds. The primary characteristic of green bonds is their requirement that the money obtained be allocated only to eco-friendly initiatives. Innovative financial structures to finance sustainable projects are desperately needed, given the growing challenges posed by climate change and environmental deterioration. An effective way to direct funds toward eco-friendly projects is through the emergence of green bonds. The effectiveness of Green Bonds as a tool is examined in this study report.Key findings reveal the commendable strides taken by Indian banks towards sustainability, evidencing reduced carbon footprints. Moreover, this research uncovers prevalent challenges hindering the seamless integration of green practices into banking operations while offering pragmatic recommendations to mitigate these obstacles.

Keywords: Green Banking, Sustainability, Indian Banks, Mitigation