Document Type : Research Paper

Authors

1 Department of IT Management, Faculty of Management, South Tehran Branch, Islamic Azad University, Tehran, Iran.

2 Department of Industrial Management, Faculty of Management, South Tehran Branch, Islamic Azad University, Tehran, Iran.

3 Department of Information Technology Management, Science and Research Branch, Islamic Azad University, Tehran, Iran.

Abstract

This study aimed to identify factors affecting the green management process readiness of banks and determining the interactions and priority of these factors. To this end, factors affecting the green management process readiness in the banking industry were extracted by using an in-depth study of the extant research and qualitative content analysis. Also, fuzzy DEMATEL method was used to explain and assess the interrelationships between the identified factors. The research sample included 14 experts in the process management field in the industry and academicians with knowledge of the concepts of emerging technologies and more than 10 years of experience at the level of managerial activities in the banking industry. Application of DEMATEL revealed that “green awareness”, “green attitude”, “green governance”, and “green technology” are the influential factors, while “green operation”, “green infrastructure”, “green lifecycle”, “green strategy”, and “green policies” are permeable factors. It was also found that “green awareness” has the greatest impact on other factors and "green operations "is the most permeable factor. The obtained results might help to raise the awareness of individuals including managers, policymakers of the organizations toward establishing and fostering a green attitude to adopting green operations.

Keywords

Main Subjects

  1. Molla, A., Cooper, V. A., & Pittayachawan, S. (2009). IT and eco-sustainability: developing and validating a green IT readiness model. ICIS 2009 proceedings, 141.‏ https://aisel.aisnet.org/icis2009/141/
  2. Nowak, A., Leymann, F., Schleicher, D., Schumm, D., & Wagner, S. (2011, October). Green business process patterns. Proceedings of the 18th conference on pattern languages of programs(pp. 1-10).‏ Association for Computing Machinery. https://dl.acm.org/doi/abs/10.1145/2578903.2579144
  3. Garcia, S., Cintra, Y., Rita de Cássia, S. R., & Lima, F. G. (2016). Corporate sustainability management: a proposed multi-criteria model to support balanced decision-making. Journal of cleaner production136, 181-196.‏
  4. Vom Brocke, J., Seidel, S., & Recker, J. (Eds.). (2012). Green business process management: towards the sustainable enterprise. Springer Science & Business Media.‏
  5. Opitz, N., Krüp, H., & Kolbe, L. M. (2014, January). Green Business Process Management--A Definition and Research Framework. 2014 47th Hawaii international conference on system sciences(pp. 3808-3817). IEEE.
  6. Tara, K., Singh, S., & Kumar, R. (2015). Green banking for environmental management: a paradigm shift. Current world environment10(3), 1029-1038.
  7. Solanki, R. S., & Singh Rana, R. (2019, February). Go clean go green: E banking and its sustainability. Proceedings of international conference on sustainable computing in science, technology and management (SUSCOM). Amity University Rajasthan, Jaipur-India.‏ http://dx.doi.org/10.2139/ssrn.3354490
  8. Murugesan, S. (2008). Harnessing green IT: principles and practices. IT professional10(1), 24-33.‏
  9. Raisinghani, M. S., & Idemudia, E. C. (2019). Green information systems for sustainability. In Green business: concepts, methodologies, tools, and applications(pp. 565-579). IGI Global. https://www.igi-global.com/chapter/green-information-systems-for-sustainability/221067
  10. Gholami, R., Sulaiman, A. B., Ramayah, T., & Molla, A. (2013). Senior managers’ perception on green information systems (IS) adoption and environmental performance: results from a field survey. Information & management50(7), 431-438.‏
  11. Recker, J., Rosemann, M., Hjalmarsson, A., & Lind, M. (2012). Modeling and analyzing the carbon footprint of business processes. In Green business process management (pp. 93-109). Springer, Berlin, Heidelberg. https://link.springer.com/chapter/10.1007/978-3-642-27488-6_6
  12. Apostoaie, C. M. (2018). Green banking: a shared responsibility between financial regulators and banking institutions. SEA–practical application of science6(18), 275-281.
  13. Chou, D. C., & Chou, A. Y. (2012). Awareness of green IT and its value model. Computer standards & interfaces34(5), 447-451.
  14. Heyl, M., Moyano Díaz, E., & Cifuentes, L. (2013). Environmental attitudes and behaviors of college students: a case study conducted at a Chilean university. Revista latinoamericana de psicología45(3), 487-500.‏
  15. Gartner Research. (2008). Going green, the CIO’s role in enterprisewide environmental sustainability. Retrieved 20may, 2021, from  https://www.gartner.com/en/documents/663208
  16. Kusis, J., Brokane, L., & Miltovica, B. (2017, January). Green governance principles in the development of environmental education infrastructure. In Economic science for rural development conference proceedings(pp. 256-266). EBSCO Industries Inc. http://llufb.llu.lv/conference/economic_science_rural/2017/Latvia_ESRD_44_2017-256-266.pdf
  17. Olson, E. G. (2008). Creating an enterprise‐level “green” strategy. Journal of business strategy, 29(2), 22-30.
  18. Eccleston, C. H., & March, F. (2011). Global environmental policy: concepts, principles, and practice. CRC Press.
  19. Deka, G. (2015). Green banking practices: a study on environmental strategies of banks with special reference to State bank of India. Indian journal of commerce and management studies6(3), 11-19.
  20. Shaumya, K., & Arulrajah, A. (2016, December). Measuring green banking practices: evidence from Sri Lanka. 13th international conference on business management (ICBM) (pp. 999-1023).‏ University of Sri Jayewardenepura, Sri Lanka. http://dx.doi.org/10.2139/ssrn.2909735
  21. Baroudi, C., Hill, J., Reinhold, A., & Senxian, J. (2009). Green IT for dummies. John Wiley & Sons.
  22. Philipson, G. (2011). A comprehensive and practical green ICT framework. In handbook of research on green ICT: technology, business and social perspectives (pp. 131-145). IGI Global.‏ DOI: 4018/978-1-61692-834-6.ch009
  23. Salazar Cota, A., Fernández, L., & Dalaison, W. (2018). Green procurement; how to encourage green procurement practices in IDB funded projects? Retrieved from https://publications.iadb.org/publications/english/document/Green-Procurement-How-to-Encourage-Green-Procurement-Practices-in-IDB-Funded-Projects.pdf
  24. Laurier, W. (2015). Business process trends. The complete business process handbook1, 187-216.
  25. (n.d.). Retrieved 22 May, 2021, from triaster.co.uk
  26. Peppet, S. R. (2014). Regulating the internet of things: first steps toward managing discrimination, privacy, security and consent.  L. Rev.93, 85. https://heinonline.org/HOL/LandingPage?handle=hein.journals/tlr93&div=5&id=&page=
  27. Peters, G. W., & Panayi, E. (2016). Understanding modern banking ledgers through blockchain technologies: future of transaction processing and smart contracts on the internet of money. In Banking beyond banks and money(pp. 239-278). Springer, Cham.
  28. Guo, Y., & Liang, C. (2016). Blockchain application and outlook in the banking industry. Financial innovation2(1), 1-12.‏
  29. Singh, M., Tanwar, K. S., & Srivastava, V. M. (2018, August). Cloud computing adoption challenges in the banking industry. 2018 international conference on advances in big data, computing and data communication systems (icABCD)(pp. 1-5). IEEE.
  30. Hong, I. B. (2019). Understanding and predicting behavioral intention to adopt mobile banking: the Korean experience. Journal of global information management (JGIM)27(3), 182-202.
  31. Yadgar, O., Yorke-Smith, N., Peintner, B., Tur, G., Ayan, N. F., Wolverton, M. J., ... & Kathol, A. (2015). S. Patent (No. 9,082,402). Retrieved from https://patentimages.storage.googleapis.com/2c/dc/21/3504b3bd00a955/US9082402.pdf
  32. Chaudhuri, S., Dayal, U., & Narasayya, V. (2011). An overview of business intelligence technology. Communications of the ACM54(8), 88-98.
  33. Song, M., & Wang, S. (2018). Market competition, green technology progress and comparative advantages in China. Management decision, 56(1), 188-203.
  34. Vom Brocke, J., & Mendling, J. (Eds.). (2018). Business process management cases- digital innovation and business transformation in practice. Springer.
  35. Belev, I. (2018). Software business process management approaches for digital transformation. Годишник на УНСС1(1), 109-119. https://www.ceeol.com/search/article-detail?id=729103
  36. Hellyar, D., Walsh, R., & Altman, M. (2018). Improving digital experience through modeling the human experience: the resurgence of virtual (and augmented and mixed) reality. In Reconceptualizing libraries (pp. 115-136). Taylor & Francis. https://hdl.handle.net/1721.1/125436
  37. Madalageri, H. M. (2016). Strategic analysis in financial services sector: to Capgemini India Pvt. Ltd.‏ (Report No. PGP-SP-P16-27). Retrieved from https://repository.iimb.ac.in/handle/123456789/12487
  38. Madakam, S., Holmukhe, R. M., & Jaiswal, D. K. (2019). The future digital work force: robotic process automation (RPA). Journal of information systems and technology management- JISTEM USP16, e201916001. DOI: 4301/S1807-1775201916001
  39. Cognizant. (n.d.). Retrieved 23 May, 2021, from http://www.cognizant.com
  40. Bohlin, E., Shaikh, A. A., & Hanafizadeh, P. (2018). Social network banking: a case study of 100 leading global banks. International journal of e-business research (IJEBR)14(2), 1-13.‏
  41. Komulainen, H., & Makkonen, H. (2018). Customer experience in omni-channel banking services. Journal of financial services marketing23(3), 190-199.
  42. Mungai, K., & Bayat, A. (2018, December). The impact of big data on the South African banking industry. 15th international conference on intellectual capital, knowledge management and organisational learning, ICICKM 2018 (pp. 225-236).‏
  43. Schatsky, D., Muraskin, C., & Gurumurthy, R. (2015). Cognitive technologies: the real opportunities for business. Deloitte review16, 115-129.
  44. (n.d.). Retrieved 10 May, 2021, from https://www.accenture.com/us-en/insight-future-fintech-banking
  45. Cavallo, M. A. (2016). The FinTech effect and the disruption of financial service. Retrieved 16 April, 2021, from http://www.cio.com/article/3148756/leadership-management/thefintech-effect-and-the-disruption-of-financialservices.htm
  46. Blakstad, S., & Allen, R. (2018). Shifting values in the connected economy. In FinTech revolution (pp. 113-119). Palgrave Macmillan, Cham.‏
  47. Omarini, A. E. (2018). Banks and fintechs: how to develop a digital open banking approach for the bank’s future. International business research, 11(9), 23-36. DOI: 5539/ibr.v11n9p23
  48. Tara, K., Singh, S., Kumar, R., & Sundararajan, M. (2019). Geographical locations of banks as an influencer for green banking adoption. Prabandhan: Indian journal of management12(1), 21-35.
  49. Shariatmadari Serkani, E. (2015). Using DEMATEL–ANP hybrid algorithm approach to select the most effective dimensions of CRM on innovation capabilities. Journal of applied research on industrial engineering2(2), 120-138.
  50. Niazi, A., & Nikbakht, M. (2015). Identification and prioritization of barriers to implement green supply chain management in industry: a case study in Petrochemical Company of South Pars. Journal of applied research on industrial engineering2(1), 34-51.
  51. Jeng, D. J. F., & Tzeng, G. H. (2012). Social influence on the use of clinical decision support systems: revisiting the unified theory of acceptance and use of technology by the fuzzy DEMATEL technique. Computers & industrial engineering62(3), 819-828.
  52. Ott, I., & Soretz, S. (2018). Green attitude and economic growth. Environmental and resource economics70(4), 757-779.
  53. Coskun, A. (2018). Understanding green attitudes. In driving green consumerism through strategic sustainability marketing(pp. 51-71). IGI Global.
  54. McIntyre, A., & Milfont, T. L. (2016). Who cares? measuring environmental attitudes. In Gifford, R. (Ed.), Research methods for environmental psychology (pp. 93-114).‏  John Wiley & Sons. https://doi.org/10.1002/9781119162124.ch6
  55. Wabwoba, F., Omuterema, S., Wanyembi, G. W., & Omieno, K. K. (2013). Green ICT readiness model for developing economies: case of Kenya. International journal of advanced computer science and applications, 4(1), 51-65. DOI: 14569/IJACSA.2013.040108
  56. Molla, A., Cooper, V., & Pittayachawan, S. (2011). The green IT readiness (G-readiness) of organisations: an exploratory analysis of a construct and instrument. Communications of the association for information systems29(1), 67-96.‏
  57. Pernici, B., Aiello, M., Vom Brocke, J., Donnellan, B., Gelenbe, E., & Kretsis, M. (2012). What IS can do for environmental sustainability: a report from CAiSE’11 panel on Green and sustainable IS. Communications of the association for information systems30(1). DOI: 17705/1CAIS.03018
  58. Molla, A., Cooper, V., Corbitt, B., Deng, H., Peszynski, K., Pittayachawan, S., & Teoh, S. (2008). Ereadiness to G-readiness: developing a green information technology readiness framework. Proceedings of the 19th Australasian conference on information systems (ACIS) (pp. 669-678). Christchurch. DOI: 13140/2.1.1440.5922
  59. de Bruin, T., & Rosemann, M. (2007). Using the Delphi technique to identify BPM capability areas. 18th Australasian conference on information systems (pp. 643-653). Toowoomba. https://aisel.aisnet.org/acis2007/42
  60. Rosemann, M., & De Bruin, T. (2005). Towards a business process management maturity model. ECIS 2005 proceedings of the thirteenth European conference on information systems (pp. 1-12). Verlag and the London School of Economics.
  61. Erek, K., Loeser, F., Schmidt, N. H., Zarnekow, R., & Kolbe, L. M. (2011, July). Green it strategies: a case study-based framework for aligning green it with competitive environmental strategies. PACIS 2011 proceedings (p. 59). https://aisel.aisnet.org/pacis2011/59
  62. (n.d.). Retrieved 28 April, 2021, from www.CFO.com
  63. Elliot, S., & Binney, D. (2008). Environmentally sustainable ICT: developing corporate capabilities and an industry-relevant IS research agenda. PACIS 2008 proceedings (p. 209). https://aisel.aisnet.org/pacis2008/209/
  64. Alexander, K. (2015). Banking regulation and environmental sustainability. Amicus curiae, 104, 2-9. https://www.rwi.uzh.ch/dam/jcr:1d9c41f9-1a5b-49b3-a190-4517c1b56d5c/KA-bank-reg-env-sus.pdf
  65. Ghose, A. K., Hasan, H. M., & Spedding, T. (2009). Carbon-centric computing: IT solutions for climate change. Telecommunications journal of Australia, 59(1). DOI: 2104/tja09009
  66. Dedrick, J. (2010). Green IS: concepts and issues for information systems research. Communications of the association for information systems (CAIS), 27. https://doi.org/10.17705/1CAIS.02711
  67. Carlet, F. (2015). Understanding attitudes toward adoption of green infrastructure: a case study of US municipal officials. Environmental science & policy, 51, 65-76. https://doi.org/10.1016/j.envsci.2015.03.007
  68. Paul, P. K., & Ganguly, J. (2013). Green computing: the emerging tool of interdisciplinary environmental sciences-problems and prospects in Indian scenario. International journal of pharmaceutical and biological research (IJPBR), 5(04), 210-214.
  69. Riaz, M. T., Gutiérrez, J. M., & Pedersen, J. M. (2009, November). Strategies for the next generation green ICT infrastructure. 2009 2nd international symposium on applied sciences in biomedical and communication technologies (pp. 1-3). IEEE. DOI: 1109/ISABEL.2009.5373604
  70. Zsóka, Á. N. (2008). Consistency and “awareness gaps” in the environmental behaviour of Hungarian companies. Journal of cleaner production, 16(3), 322-329. https://doi.org/10.1016/j.jclepro.2006.07.044
  71. Zsóka, Á., Szerényi, Z. M., Széchy, A., & Kocsis, T. (2013). Greening due to environmental education? environmental knowledge, attitudes, consumer behavior and everyday pro-environmental activities of Hungarian high school and university students. Journal of cleaner production, 48, 126-138. https://doi.org/10.1016/j.jclepro.2012.11.030
  72. Chan, R. Y. K., & Yam, E. (1995). Green movement in a newly industrializing area: a survey on the attitudes and behaviour of the Hong Kong citizens. Journal of community & applied social psychology, 5(4), 273-284. https://doi.org/10.1002/casp.2450050405
  73. Safari, A., Salehzadeh, R., Panahi, R., & Abolghasemian, S. (2018). Multiple pathways linking environmental knowledge and awareness to employees’ green behaviour. Corporate governance: the international journal of business in society, 18(1), 81-103. https://doi.org/10.1108/CG-08-2016-0168
  74. Renwick, D. W., Redman, T., & Maguire, S. (2013). Green human resource management: a review and research agenda. International journal of management reviews15(1), 1-14.
  75. Paillé, P., & Raineri, N. (2016). Trust in the context of psychological contract breach: implications for environmental sustainability. Journal of environmental psychology45, 210-220.
  76. Mostafa, M. M. (2009). Shades of green: a psychographic segmentation of the green consumer in Kuwait using self-organizing maps. Expert systems with applications36(8), 11030-11038.
  77. Schneider, B., Ehrhart, M. G., & Macey, W. H. (2013). Organizational climate and culture. Annual review of psychology64, 361-388.
  78. Norton, T. A., Parker, S. L., Zacher, H., & Ashkanasy, N. M. (2015). Employee green behavior: a theoretical framework, multilevel review, and future research agenda. Organization & environment28(1), 103-125.
  79. Wang, Y. F. (2016). Modeling predictors of restaurant employees’ green behavior: comparison of six attitude-behavior models. International journal of hospitality management58, 66-81.
  80. Norton, T. A., Zacher, H., & Ashkanasy, N. M. (2014). Organisational sustainability policies and employee green behaviour: the mediating role of work climate perceptions. Journal of environmental psychology38, 49-54.