Sustainability and Innovative Solutions in the Financial Sector: The Success of Vakıf Participation Bank
Abstract
Sustainability is becoming increasingly important in todays world to maintain environmental, social, and economic balances. Climate change, depletion of natural resources, and increasing social expectations necessitate the adoption of sustainability-oriented approaches in finance and banking, as in all sectors. Banks are not only financial service providers, but also strategic actors that support sustainable development. In this context, effective use of natural resources, digitalization, and environmentally friendly practices offer long-term benefits to both society and the sector. Innovative approaches of banks in sustainability studies play a critical role in reducing carbon footprint, increasing operational efficiency, and improving customer experience. In this study, a general framework for sustainable banking practices is presented and detailed with the Mobile Approval System project developed by Vakıf Participation Bank. The system in question contributes to sustainability by significantly reducing paper consumption by integrating technology into sustainability, minimizing resource use, and increasing operational efficiency. This innovative project of Vakıf Participation Bank presents the relationship between sustainability and digital transformation as a concrete success story.
References
- 1.E. Karakaya, "Paris İklim Anlaşması: İçeriği Ve Türkiye Üzerine Bir Değerlendirme.," Adnan Menderes Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, pp. 3(1), 1-12. , 2016.
- 2.D. A. Savaş, "Sürdürülebilir tüketim ve çevre araştırmalarına yönelik bir analiz," Akademik İzdüşüm Dergisi, pp. 7(2), 81-100., 2022.
- 3.S. K. Selimoğlu, "Türkiye’de Kurumsal Yönetişim Ve Sürdürülebilirlik.," Muhasebe ve Finansman Dergisi, pp. 113-136., 2021.
- 4."Bankacılık sektöründe sürdürülebilirlik: sektör görünümü," Türkiye Bankalar Birliği , 2022. [Online]. Available: https://www.tbb.org.tr/Content/Upload/Dokuman/8929/Bankacilik_Sektorunde_Surdurulebilirlik-Sektor_Gorunum_Raporu_03042023.pdf. [Accessed 5 December 2024].Link
- 5."Deloitte," climate check: Business' views on environmental sustainability. Deloitte Insights. Retrieved from , 2021 . [Online]. Available: https://www2.deloitte.com/uk/en/pages/consulting/articles/climate-check-2021.html.Link
- 6."2022-2025 Sürdürülebilir Bankacılık Stratejik Planı.," Bankacılık Düzenleme ve Denetleme Kurumu , 2022. [Online]. Available: https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=360 . [Accessed 5 December 2024].Link
- 7.N. M. S. S. W. R. P. &. E. S. Bocken, "A literature and practice review to develop sustainable business model archetypes," Journal of cleaner production, pp. 65, 42-56., 2014.
- 8.M. E. Atukalp, "Yeşil bankacılık uygulamalarının banka kârlılığına etkisi," Gazi İktisat ve İşletme Dergisi, pp. 10(3), 376-386., 2024.
- 9."Türkiye Bankalar Birliği," Bankacılık sektöründe sürdürülebilirlik: sektör görünümü, 2022. [Online]. Available: https://www.tbb.org.tr/Content/Upload/Dokuman/8929/Bankacilik_Sektorunde_Surdurulebilirlik-Sektor_Gorunum_Raporu_03042023.pdf. [Accessed 5 December 2024].Link
- 10.N. M. S. S. W. R. P. &. E. S. Bocken, "A literature and practice review to develop sustainable business model archetypes," Journal of cleaner production, pp. 65, 42-56., 2014.
- 11.C. Avgerou, "Information systems in developing countries: a critical research review," Journal of information Technology, pp. 23(3), 133-146., 2008.
Örpek, Z., Tural, B., Çoşkuner, İ., Destan, Z. (2024). Sustainability and Innovative Solutions in the Financial Sector: The Success of Vakıf Participation Bank. *The European Journal of Research and Development*, 4(4), 110-117. https://doi.org/10.56038/ejrnd.v4i4.523
Bibliographic Info