LAUSR

The concepts of Stakeholders’ Pressure (SP), Environmental Performance (EP), and Corporate Social Performance (CSP) are well established in the business of progressive firms. However, firms are yet to examine the effects of Stakeholders’ Pressure (SP) on environmental performance (EP) and Corporate Social Performance (CSP) by connecting the missing linkage of Green Practice Adoption (GPA). The present study explored the association between Stakeholders’ Pressure (SP), Environmental Performance (EP), and Corporate Social Performance (CSP) through the mediating effect of Green Practice Adoption (GPA). The study’s objective was to determine the factors to propose a model for the environmental and social performance of the banking industry in the Bangladesh context. The study assessed the hypotheses using partial least squares-based structural equation modeling with data from 540 line managers from 30 private commercial banks. The results indicate that SP significantly improves EP, CSP, and GPA. On the other hand, GPA showed a substantial accepted effect on EP and CSP. Furthermore, mediation analysis showed that GPA mediates the relationship between SP with EP and CSP. This research fills the gap in the domain of the Environmental and Social Performance of the Banking Industry in Bangladesh. From this study, the academicians may get fresh antecedents of the environmental performance management approach. Thus, the study’s outcomes may give valuable insights to policymakers and managers and provide them with practical evidence to proactively implement SP in firms because such practices positively impact EP and CSP through the mediation of GPA. This result may improve operational efficiency and provide firms with a superior reputation.