Opportunities of green lending to finance environmental projects to achieve the principles of sustainable development

Белова, Н В; Posadneva, Elena; Plaksa, Julia; Tesalovsky, Andrey; Волкодавова, Е. В.

doi:10.37497/sdgs.v11i1.268

Cited by 9 publications

(7 citation statements)

References 13 publications

(19 reference statements)

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“…Importantly, the idea of the SREB at the political level has already been approved by all Central Asian states, and all of them have expressed their desire to actively take part in the practical implementation of this project (Kolosov, 1992;Belova et al, 2023).…”

Section: Resultsmentioning

confidence: 99%

Role of the Silk Road Economic Belt in Achieving Sustainable Economic Growth in Central Asia

Zhang,

Nadyrov,

Sorokina

et al. 2023

J. of Law and Sust. Develop.

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Objective: The study aims to confirm the People's Republic of China's Silk Road Economic Belt initiative as a sustainable development strategy for Central Asian countries, in particular Kazakhstan. The article aims to determine how participation in the Silk Road Economic Belt can help these countries ensure sustainable economic growth, focusing on factors such as GDP per capita and GDP growth rate. Methods: The main research method is the comparative method, which allows the use of comparative descriptive analysis to justify the prospects of participation of Central Asian countries in the Silk Road Economic Belt project. Statistical analysis and the index method are used to quantitatively demonstrate the volatility of economic dynamics. Results: Statistical data analysis reveals the volatility of economic growth in Kazakhstan, which confirms the need for the country to participate in the Silk Road Economic Belt. The analysis of economic indicators of other Central Asian countries shows that GDP per capita and GDP growth rates are lower compared to Kazakhstan, suggesting that participation in the Silk Road Economic Belt gives these countries strategic advantages as well, particularly in the implementation of joint transport and logistics projects. Conclusion: In light of the Sustainable Development Goals, the Silk Road Economic Belt project offers potential benefits to Central Asian countries, especially in areas such as transportation and logistics, and emphasizes the importance of global cooperation and strategic partnerships in achieving economic sustainability.

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Section: Resultsmentioning

confidence: 99%

Role of the Silk Road Economic Belt in Achieving Sustainable Economic Growth in Central Asia

Zhang,

Nadyrov,

Sorokina

et al. 2023

J. of Law and Sust. Develop.

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“…The development of green lending practices offers a practical illustration of applying green finance principles. Belova et al (2023) discuss the opportunities and challenges of green lending, emphasizing the need for financial institutions to adapt to new realities and prioritize green investment risks. This adaptation involves not only the development of green lending products but also the establishment of practices that ensure transparency and accountability in how these products contribute to sustainable development.…”

Section: Literature Review Core Principles Of Green Finance and The N...mentioning

confidence: 99%

“…The objectives of green finance are multifaceted, reflecting its role in addressing the complex challenges of sustainable development. One of the primary objectives is to mobilize capital for green investments, bridging the funding gap for projects that contribute to environmental sustainability (Belova et al, 2023). This involves developing innovative financial instruments, such as green bonds and green loans,that can attract both public and private sector investment.…”

Section: Introduction Exploring the Intersection Of Blockchain Techno...mentioning

confidence: 99%

The role of Blockchain technology in enhancing transparency and trust in green finance markets

Ezekiel Onyekachukwu Udeh,

Prisca Amajuoyi,

Kudirat Bukola Adeusi

et al. 2024

Financ. account. res. j.

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This study explores the transformative potential of blockchain technology in green finance, aiming to assess how it enhances transparency, efficiency, and trust within the sector. Employing a systematic literature review and content analysis, the research scrutinizes peer-reviewed journals, industry reports, and case studies to elucidate blockchain's impact on sustainable financial practices. The methodology focuses on identifying the benefits, challenges, and strategic implications of blockchain applications in green finance, guided by specific inclusion and exclusion criteria to ensure the relevance and quality of the literature analyzed. Key findings reveal that blockchain technology significantly contributes to the transparency and efficiency of green finance mechanisms, such as green bonds and sustainability-linked loans, by providing immutable, transparent, and secure transaction records. This technological integration fosters trust among stakeholders, including investors, regulators, and beneficiaries, and addresses traditional challenges faced by green finance, such as lack of transparency and high transaction costs. The study underscores blockchain's role as a catalyst for change in the future of green finance, advocating for the development of supportive regulatory frameworks and international collaboration to fully harness its potential. Finally, the research offers strategic recommendations for enhancing transparency and trust in green finance through blockchain technology and identifies areas for future research, including the exploration of emerging technologies and the socio-economic implications of blockchain in sustainable finance. This study contributes to the ongoing discourse on leveraging blockchain technology to advance environmental sustainability goals within the financial sector. Keywords: Blockchain Technology, Green Finance, Transparency and Trust, Sustainable Financial Practices.

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“…Recent years have witnessed increasing attention towards green banking worldwide (Arumugam & Chirute, 2018;Aslam & Jawaid, 2022;Belova et al, 2023;Bouteraa et al, 2021;Bukhari et al, 2022). Growing environmental concern has resulted in a radical change in the way banks conduct business (Ahuja, 2015;Bowman, 2010).…”

Section: Introductionmentioning

confidence: 99%

Top Management Commitment as a Moderator in the Relationship Between Green Banking Adoption Practices and Performance: Evidence from India

Newton,

Susainathan,

George

et al. 2024

Indian Journal of Corporate Governance

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This article aims to investigate the relationship between green banking adoption practices and performance. A conceptual model has been developed to test the moderating effect of top management commitment in the relationship between green banking adoption practices and performance in a lower-middle-income country context, that is, India. Using a survey instrument, data were collected from 393 employees working in banks in southern India. First, the psychometric properties of the survey instrument were checked using LISREL software for structural equation modelling. Second, the hypothesised relationships were tested using hierarchical regression and double-checked with path analysis. The findings indicate that green banking adoption practices are precursors to environmental, operational and financial performance. The results also provide support for the moderating effect of top management commitment in the relationship between green banking adoption practices and (a) environmental performance, (b) operational performance and (c) financial performance. The green adoption practices encompass a range of initiatives to reduce environmental impact, promote sustainability and address climate change concerns. Top management commitment is at the forefront of driving these practices, which plays a pivotal role in shaping organisational strategies and fostering a culture of sustainability. To the best of our knowledge, the model developed is the first of its kind, particularly in the context of banks in India. Investigating the interaction effect of top management commitment in enhancing performance is a novel idea and significantly contributes to the literature on sustainability. The implications for theory and practice are discussed.

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Opportunities of green lending to finance environmental projects to achieve the principles of sustainable development

Cited by 9 publications

References 13 publications

Role of the Silk Road Economic Belt in Achieving Sustainable Economic Growth in Central Asia

Role of the Silk Road Economic Belt in Achieving Sustainable Economic Growth in Central Asia

The role of Blockchain technology in enhancing transparency and trust in green finance markets

Top Management Commitment as a Moderator in the Relationship Between Green Banking Adoption Practices and Performance: Evidence from India

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