Green HRM Practices in Banks: A Case Study of State Bank of India (SBI)

Authors: Princy Singh , Ashok Mishra , Khushbu Keshri

Country: India

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Abstract: To obtain a competitive edge, boost efficiency, and make sustainable use of resources, enterprises now have access to green human resource management as a strategic business choice. A threat to the future and long-term production of insufficient resources has been posed by significant environmental change around the world, resource depletion, etc. Provisions are made in accounts for possible losses or expenses. Similar to this, it is necessary to enforce a change in policies, even those that are employed to support the enterprise's sustainable growth.
One of the most recent management strategies that enables the global organisation to adopt sustainable development management strategies is green human resource management. Discovering green methods in banking and the environment are required due to the banking industry's services expanding daily on a global scale. The banking industry's adoption of several green HRM practises was the main subject of this study. The study largely concentrated on the numerous green HRM practises and the connection between social responsibility in banking and green HRM. Additionally, the study included making recommendations to the human resources division for programmes to make the banking business green and utilise those ideals.
SBI created a Green Banking Policy to address the challenges of climate change and global warming. Since then, the Bank has worked to minimise the carbon footprint of all its operations and facilities. In order to ensure sustainable development, SBI has implemented energy-saving measures such as energy-efficient lighting systems, paperless banking, the installation of energy savers, water harvesting and effective water usage techniques, and the planting of fruit-bearing trees. All of these actions had assisted the Bank in lowering expenses and raising profit.

Keywords: Keywords: Green HRM, green initiatives, banking institutions, SBI etc.

Paper Id: 232454

Published On: 2023-01-07

Published In: Volume 11, Issue 1, January-February 2023

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