| Issue |
BIO Web Conf.
Volume 145, 2024
International Scientific Forestry Forum 2024: Forest Ecosystems as Global Resource of the Biosphere: Calls, Threats, Solutions (Forestry Forum 2024)
|
|
|---|---|---|
| Article Number | 05017 | |
| Number of page(s) | 10 | |
| Section | Economics and Management in the Forestry Complex | |
| DOI | https://doi.org/10.1051/bioconf/202414505017 | |
| Published online | 28 November 2024 | |
Digital banking and environmental impact: How Fintech supports carbon footprint reduction
1 Panyapiwat Institute of Management, Bang Talad, Pakkred, Nonthaburi 11120, Thailand
2 Universitas Mercu Buana, Jalan Raya Meruya Selatan, Jakarta Barat, DKI Jakarta, Indonesia
3 Hardrain Technologies LLC, Sheridan, Wyoming, USA
4 Rostov State Transport University, Rostov-on-Don 344038, Russia
* Corresponding author: bavornluck@gmail.com
This study explores the impact of adoption of digital banking, digital payment volume, and customer awareness of green banking features on environmental sustainability, focusing on carbon footprint reduction in Asia. The findings indicate that digital banking is crucial in minimizing paper usage and reducing energy consumption, significantly lowering the carbon emissions associated with traditional banking operations. The research employs Structural Equation Modeling (SEM) to analyze data from 520 respondents, providing a comprehensive view of the direct and indirect relationships between digital banking practices and environmental outcomes. The results demonstrate that increased digital payment volume, combined with higher customer awareness of sustainability, reduces the reliance on paper-based banking and helps achieve broader environmental goals. The study highlights the mediating role of paper usage in lowering carbon footprints and underscores the importance of digital transformation and customer education in driving sustainable banking practices. This research contributes valuable insights for policymakers and financial institutions aiming to integrate fintech with sustainability initiatives.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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