In Search of a Financial Model for a Sustainable Economy

Abstract

The links between the real and financial spheres are well recognized in the literature. However, under the conditions of sustainability, both the perception of the real and financial spheres, as well as the relations between them, change. The aim of this article is to show that sustainable finance has an impact on building a sustainable economy, and the model of sustainable finance increases the degree of adjustment of the financial sphere to the real economy. The research was conducted based on 86 articles. The methodology is based on log-linear models. As a result, it was proved that sustainable enterprises and finances are the factors that most frequently interact with other variables describing a sustainable economy. The study proposes the financial model for sustainable economy, this is the main novelty and contribution of the study. The original contribution of the study includes: the comprehensive analysis of the factors and relationships between sustainability, economy and finance; building a triple layered finance model for sustainable economy taking into account governance, society and environment from sustainable perspective; proposing the model of financing for the circular economy in terms of sustainability in terms of the process and defining the model of sustainable finance 4.0.

Financial involvement of local government units in achieving environmental objectives of sustainable development in Poland

“…The results obtained in the article can be helpful in greening budgets and making decisions about reallocating funds to environmentally sustainable tasks. Thus, they relate to the conclusions formulated by (Wang et al, 2021;Batrancea et al, 2020;Zioło et al, 2021Zioło et al, , 2022Wang et al, 2019;Mohammad & Kaushal, 2018). The EU's publication of a series of regulations called the Sustainable Finance Package (Directorate-General for Financial Stability et al, 2023) confirms the importance of this issue.…”

“…The relationship between sustainable finance, sustainable development and Sustainable Development Goals has been analysed by Schoenmaker (2017), Zioło et al (2021), Zioło et al (2022), United Nations (2019a, 2019c, Pisano et al (2012), Ferreira et al (2016, Aspinall et al (2018), Gambetta et al (2019).…”

Creating a digital space of socially sustainable development for food enterprises

“…Current trends in modern society have actively influenced the processes of development and transformation of the concept of CSR [2,3], taking into consideration the goals of global sustainable development. At the micro level, the social functions of entrepreneurship affect the economic function (making a profit).…”

The Impact of the COVID-19 Pandemic, Transport Accessibility, and Accommodation Accessibility on the Energy Intensity of Public Tourist Transport

“…This pandemic is a symbol of the multiplication of crises and the overlapping of economic and financial shocks, especially in Energies 2023, 16 the field of financing the implementation of sustainable development goals [1]. Building sustainable development of modern economies based on the pursuit of SDG goals is not possible without effective financing of these goals [9]. Goal 7: "Ensure access to affordable, reliable, sustainable, and modern energy for all" is one of the most crucial objectives since it impacts the other goals [3,10].…”