Increasing green footprints: Indications of transformations in the socio‐economic spaces of Bangladesh

Abstract

AbstractIn recent decades, Bangladesh has seen significant environmental degradation and the loss of its GDP, which has had a detrimental effect on public health, agriculture, forestry, fisheries, industrial development, and environmental services. The unusually high temperatures, humidity, and unpredicted rainfall gave rise to disease like dengue and affecting peoples mental health. However, the government, as well as public and private groups, are undertaking some phenomenal efforts to help reduce environmental degradation and raise the number of green footprints. The objective of this article is to examine the green initiatives, strategies, and policies of Bangladeshi organizations in enhancing green footprints in the socio‐economic spaces, through comprehensive content analysis of various newspapers, journal articles, government reports, and company annual reports. The aim of this article is to trace out the evidences of change in the socio‐economic fabric of the society. The primary focus of the article on the environment friendly business activities, which eventually bring social changes. The article found that green HRM, green business, MFS, green corporate culture is increasingly been seen in the society, which indicate silent changes. Bangladesh has put regulations and programs into place to lessen carbon emissions and safeguard sensitive coastal areas. It is noteworthy for demonstrating a strong dedication to improving sustainable development and environmental preservation. Many organizations in Bangladesh have also received the prestigious Asia's Corporate Excellence and Sustainability Awards for their outstanding zeal to ensure positive environmental changes in the society. Moreover, large proportion of Bangladesh's energy mix comes from renewable energy sources, leading to the installed renewable energy capacity of 579 MW. Additionally, the government has announced plans on replacing traditional transport methods with electric or hybrid vehicles. Bangladesh has further solidified its position as the global leader in green garments factories, as the country has 176 such facilities that have received the USGBC's LEED accreditation. The article placed a strong emphasis on particular policy proposals, including the adoption of the circular economy, the digital economy, sustainable finance, car‐sharing systems, renewable energy sources in manufacturing and workplaces, and environmentally friendly practices in both public and private organizations.