Numerous studies explore that, in current era, Banking and Information Technology (IT) services sector, in various developed/developing countries, either adopted or in the phase of Green IS adoption. Since countries, round the globe, have recognized the significance of Green IS and its impact over environment, it is now vital for every industry to implement Green IS and contribute in environment sustainability. This Research-in-Progress paper observes the effective Green IS implementation through carefully consideration of different Motivational, Technological, Organizational and Environmental factors. Subsequently, in this paper 16 different factors are revealed via Literature Review and Experts opinion and a research model is developed using Technological-Organizational-Environmental (T-O-E) theory and Unified Theory of Acceptance and Use of Technology 2 (UTAUT2) framework for effective Green IS implementation, which will be helpful for academician and practitioners in this field.