Sustainable Finance or (R)evolution of Finance in the Context of Sustainability

Authors:

Pages: 173-187
DOI: https://doi.org/10.54664/NYUA5815

Abstract:

Nowadays, significant transformations are observed in the sphere of finance as a system of specific relations, policy, and scientific field. This research is focused on the impact of the dynamic concept of sustainable development in finance. The purpose is to examine the changes occurring in finance in their different aspects under the influence of the sustainability paradigm, and to present the author’s vision of their nature, scope, and contemporary challenges. To achieve this goal, a critical analysis has been carried out of supranational strategic documents and agreements, scientific publications, business regulations and practices. It has been proven that sustainable finance is not a separate field or element of finance, but a new stage in the development of the financial system, policy, and science.

Keywords:

sustainable finance; sustainability; green finance.

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