GREEN FINANCE’S IMPACT ON SUSTAINABLE DEVELOPMENT: INSIGHTS FROM DIVERSE PERSPECTIVES A SYSTEMATIC LITERATURE REVIEW
Keywords:
Green Finance, sustainable development, systematic literature reviewAbstract
This comprehensive literature review examines the impact of green finance on corporate sustainability performance. The synthesis of diverse research methodologies reveals a consistent narrative of green finance's positive influence on sustainability. Green finance, encompassing digital finance and green financial policies, emerges as a driving force behind green technology innovation, enhanced energy efficiency, and environmentally responsible practices. Beyond economic benefits, it extends its positive impact to social and environmental dimensions, aligning with broader sustainable development objectives.
Financial constraints and regional variations are acknowledged challenges, prompting the consideration of policy interventions, such as green finance pilot policies, to mitigate these hindrances. The implications extend to policy development, business strategies, investment decisions, and further research, emphasizing the need for holistic approaches to integrating environmental considerations into financial practices. China's experiences with green finance offer valuable insights for addressing global environmental challenges while promoting sustainable economic growth and responsible financial development.