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Impact of CSR, Green Finance and Green Innovation on Environmental Performance of Banks in India
Maryam Meraj, Mohammed Afzal, Manpreet Kaur, Jahangir Chauhan, 2025, original scientific article

Abstract: In an era of growing environmental challenges, the role of banks in promoting sustainability is critical. This study examines how Corporate Social Responsibility (CSR), green finance, and green innovation influence the environmental performance of Indian banks. Guided by legitimacy theory and the natural resource-based view, survey data from 379 bank employees were analysed using structural equation modelling. The results reveal that robust CSR initiatives, effective green finance practices, and innovative green strategies significantly enhance banks’ environmental performance. These findings contribute to theoretical understanding and offer practical insights for improving sustainability in the banking sector. The study recommends that banks in emerging economies strengthen internal resources by investing in CSR, adopting green finance, and fostering green innovation to boost environmental performance. Such efforts align with global sustainability goals, positioning banks as key players in environmentalprotection and responsible finance.
Keywords: corporate social responsibility, green finance, green innovation, environmental performance of banks, structural equation modelling
Published in RUP: 18.12.2025; Views: 518; Downloads: 0
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Linking older adults’ psychosocial well-being with objective and perceived environments in Slovenia
Mateja Erce Paoli, Michael David Burnard, 2025, original scientific article

Abstract: Background: Europe’s aging population faces resource loss, loneliness, and social isolation, making psychosocial well-being a priority. A well-designed environment can help compensate for lost resources, while poor design may harm health, highlighting environmental quality as key to successful aging. Aim: The aim of our study was to evaluate the link between psychosocial well-being, and the built environment. Method: Participants from three retirement homes in Slovenia filled in the World Health Organization Wellbeing Index, the Brief Sense of Community, the Lubben Social Network Scale, the University of California Los Angeles Loneliness Scale, and the short version of the Social Production Function Instrument with the assistance of a researcher. Additionally, the built environ- ment was objectively assessed using the EVOLVE tool and subjectively assessed by participants using a custom scale. Structural equation modeling was used to examine paths between the environ- ment and wellbeing. Results: The findings showed a statistically significant indirect effect of well-being on the perceived environment, while no indirect effects were found between the objective and per- ceived environment or well-being. However, specific objectively measured environmental factors, such as acceptability, features for sensory and dementia support, and perceived accessibility and aesthetic environmental attributes significantly affect well-being. Conclusion: These findings highlight the need to prioritize well-being in urban planning for aging populations. Beyond basic needs like safety, high- level needs like aesthetics, sensory support, and accessibility should be emphasized. Enhancing well- being through these factors may be effective when designing or modifying physical environments. Accessible, sensory-friendly, and dementia-supportive designs can further support healthy aging.
Keywords: needs, retirement homes, successful aging, environmental quality, structural equation modelling
Published in RUP: 22.07.2025; Views: 1318; Downloads: 12
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