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<front>
<journal-meta>
<journal-id journal-id-type="publisher">global-journal-of-management-and-business-research</journal-id>
<journal-title-group>
<journal-title>Global Journal of Management and Business Research</journal-title>
</journal-title-group>
<issn publication-format="print">0975-5853</issn>
<issn publication-format="electronic">2249-4588</issn>
<publisher><publisher-name>Global Journals Publishing Group Incorporated</publisher-name></publisher>
<self-uri xlink:href="https://globaljournals.org/journal-seo-export/jats/56356.xml" />
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<article-meta>
<article-id pub-id-type="publisher-id">56356</article-id>
<title-group>
<article-title>Sustainable Finance Practices and Application in Commercial Banks: A Phenomenological Study</article-title>
<subtitle>Green Finance and Sustainable Banking in Nepal</subtitle>
</title-group>
<contrib-group>
<contrib contrib-type="author"><name><surname>Dhakal</surname><given-names>Ram Chandra</given-names></name><xref ref-type="aff" rid="aff1" />
</contrib>
<contrib contrib-type="author"><name><surname>Khanal</surname><given-names>Khageshyor</given-names></name></contrib>
</contrib-group>
<aff id="aff1">NEPAL</aff>
<pub-date publication-format="electronic" date-type="pub" iso-8601-date="2022-11-04">
<day>04</day>
<month>11</month>
<year>2022</year>
</pub-date>
<volume>22</volume>
<issue>B5</issue>
<fpage>31</fpage>
<lpage>36</lpage>
<abstract><p>As a new practice in finance, world communities are incorporating environmental, social and governance (ESG) interests into our financial practice terming it as Green Finance. ESG`s core concept and the United Nations Sustainable Development Goals 2030 help spread this west evolved concept to developing countries. Nepal, a developing country in need of foreign funding, seems to have succumbed to green finance practices as it has become one of the fundamental goals of key economic players such as the World Bank and the IMF. This qualitative research tried to explore the present positioning of Nepalese commercial banks regarding incorporation of the concepts of green finance in their financial planning, decision making and operation by collecting data through seven semi structured interviews with commercial bankers. Findings are analyzed under different themes i.e. understanding of green finance, common green finance practices and challenges faced while implementing it. This study concluded that green finance being a nascent concept is superficially understood, is practiced just to meet the minimum NRB guidelines, has economical and operational constraints, and needs rational amendments in guidelines for local acceptance yielding desired outcomes.</p></abstract>
<kwd-group kwd-group-type="author-generated">
<kwd>green finance</kwd>
<kwd>sustainable finance</kwd>
<kwd>sustainable development goals</kwd>
<kwd>nepalese commercial banking.</kwd>
</kwd-group>
<self-uri content-type="pdf" xlink:href="https://globaljournals.org/GJMBR_Volume22/4-Sustainable-Green-Finance-Practices.pdf" />
<self-uri content-type="html" xlink:href="https://globaljournals.org/scholarly-articles/sustainable-finance-practices-and-application-in-commercial-banks-a-phenomenological-study/" />
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<title>Full Text</title>
<p>As a new practice in finance, world communities are incorporating environmental, social and governance (ESG) interests into our financial practice terming it as Green FiancÃ©. ESG`s core concept and the United Nations Sustainable Development Goals 2030 help spread this west evolved concept to developing countries.</p>
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