Role of Advanced Skills Training in Accelerating Environmental Innovations at ICICI Bank Meerut

Abstract

With increasing pressure on sustainable finance among regulators and mounting environmental pressures, banks need to implement innovative and sustainable financial practices. Advanced skills training development has become one of the most important facilitators in accelerating the process of environmental innovations among financial institutions. This paper explores the role of advanced skills training in accelerating environmental innovations in ICICI Bank, a leading bank in Indian private sector. The research paper provides the information about the impact of training on the employees of green banking operations, digital technologies and innovation skills, enabling them to help to support the products, processes and services indicative of a green environment based on the theory of human capital and the approaches based on innovation. The primary data was collected through quantitative research approach; a structured questionnaire was applied to conduct the survey among employees who participated in the training and sustainability related programs in ICICI Bank. It has found that intensive skills training is important to increase the degree of innovation and faster adoption of environmentally friendly banking practices. Another finding of the paper is the importance of continuous development of skills as a way to improve the capacity of green innovation in the banking industry. This study is useful in its implications to the management of banks, policy makers and training institutions to develop specific skills that can promote environment sustainability in the financial sector.