Goyaland Joshiin (2011) suggested that people are aware most of the issuesconcerning our environmental and hazardous effects of factories andmanufacturing industries.
Researchers found that an organizations need to adoptsustainable and feasible advantage by creating ecofriendly products, which doesnot harm environment and our society. Banks can show their good intentiontowards society and environment by giving loans to those organizations whowants to create ecofriendly products, or work as ethical or sociallyresponsible or wants to help society as non-profit organizations or who havegood intentions towards society. However, it could affect the economicdevelopment and industrial growth but our environment and society does notafford this development at the cost of the environment depletion.Green(1989) have discussed about corporate ethical responsibility in banking orbusiness perspective however corporations do have some responsibility towardssociety means work as an ethical organization. A company’s status and theirworks recorded and observe their ethical work, it can affect companies imageand it can make sure that their businesses success or failure because itdepends on their work nature. However, all financial corporations have some badhistory of placing their interest against legal methods. Sometimes companiesexposed to their corruption, and it affects their image and their business.
Winbladh(2014) wants to describe the importance of ethics in business and relating itwith the law. According to author, financial intermediaries must preserve toinstructions of regulation, industry values and perform morally. In hisresearch they have describe the questions for example what do you think whyfinancial institutions needs to work on ethical standards or needs transparencyin their institution? He also asked, whydo we need to measure ethics in businesses or ethics towards the customer’s? Alternatively,ethics towards employer or employee and the society, he also tries to lookfinancial service aspects on ethical services towards stakeholders.
Theirresearch covers ethical values in financial industries and stakeholders view oncurrent performance as well as tendencies.Cowton(2002) gives an introduction to the concept of what is frequently describing as”integrity, responsibility and affinity” these are three aspects of ethics inbanking and finance. Banking, is common with other areas of financing it isoften measured an unethical field focused purely on risk and return. However,ethics does have a vital role to play both traditional businesses and bankingprogress. Based on a speech to a European Union conference on financing smalland medium–sized enterprises (SMEs), their research is to provide an overviewof ethics in banking using three terms.