• Dr Taranjit Rao

In the pursuit of mitigating environmental degradation and fostering economic resilience, the concept of sustainable finance has emerged as a pivotal strategy. This conceptual paper delves into the multifaceted realm of sustainable finance, aiming to provide a comprehensive understanding of its principles, practices, and implications. Beginning with an exploration of the underlying motivations driving its adoption, the paper examines key frameworks and methodologies employed in integrating environmental, social, and governance (ESG) criteria into financial decision-making processes. It further discusses the role of various stakeholders — from investors and financial institutions to regulatory bodies and corporations — in advancing sustainable finance initiatives. By analysing case studies and current trends, this paper elucidates the transformative potential of sustainable finance in shaping a greener economy, while also addressing challenges and opportunities on the horizon. Ultimately, it underscores the imperative of aligning financial activities with sustainable development goals to foster long-term prosperity and environmental stewardship.

Green economy, Environmental, Social and Governance (ESG), Climate resilience

"Towards a Greener Economy: Understanding Sustainable Finance", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 6, page no.h5-h18, June-2024, Available :http://www.jetir.org/papers/JETIR2406702.pdf

"Towards a Greener Economy: Understanding Sustainable Finance", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 6, page no. pph5-h18, June-2024, Available at : http://www.jetir.org/papers/JETIR2406702.pdf