Commercial Banks' Contribution to Sustainable Investment in Light of the Dimensions of Sustainability Accounting [A field study on the general administrations of Libyan commercial banks operating in Benghazi]
DOI:
https://doi.org/10.37375/sujh.v15i1.3339Keywords:
Sustainability Accounting Standards, Credit and Financing PoliciesAbstract
This study aimed to find out to which extent the commercial banks Contribute to sustainable investment by knowing the reality of including credit and financing polices the dimensions of sustainability accounting by targeting public administrations or main centers operating in the Benghazi city that contain the senior departments targeted by the study, 93 questionnaires were distributed, but 61 questionnaires were returned, 51 were suitable for analysis. The descriptive analytical approach was used, and the data were analyzed using the statistical program Statical Package For The Social Sciences (SPSS).One of the most prominent findings is the weak contribution of the commercial banks to the sustainable investment in light of the dimensions of sustainability accounting. Furthermore, the dimensions of sustainability accounting have a fundamental impact on sustainable investment from the perspective of the study sample. The study concluded with several recommendations, most notably the need to enact binding laws and legislation that would compel the banking sector to establish accounting systems that provide information to evaluate business activities and procedures related to sustainability and investment therein. The study also recommended the importance of developing policies that govern the performance of banking activity, obligating it to direct resources to financing economic development projects, and forcing it to employ a national workforce with the aim of reducing unemployment and poverty, as well as granting incentives and rewards to banks that pioneer this approach.
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