| Title |
The Role Of Green Banking In Ensuring The Goals Of Sustainable Economic Development |
| ID_Doc |
75604 |
| Authors |
Lutsiv, B; Dziubliuk, O; Chaikovskyi, Y; Lutsiv, P; Chaikovsky, Y |
| Title |
The Role Of Green Banking In Ensuring The Goals Of Sustainable Economic Development |
| Year |
2024 |
| Published |
Financial And Credit Activity-Problems Of Theory And Practice, 1, 54 |
| DOI |
10.55643/fcaptp.1.54.2024.4250 |
| Abstract |
Sustainable development of the economy and a harmonious relationship with the environment are priority and vitally important guidelines for the world economy. In this context, it is important to define a holistic vision in Ukraine of the key principles of the development of sustainable financing, which will inevitably lead to the adaptation of the banking system of Ukraine in order to improve the corporate governance of banks relating to ESG factors. Therefore, the purpose of the study is to analyze the trends in the development of << green >> banking in Ukraine, taking into account the current realities of economic globalization in the post-war period of our country. The article considers the processes in the global economy that reflect the transition to environmental friendliness (E), social responsibility (S) and good corporate governance (G) and which mean the transformation of the financial market in the format of << sustainable finance >>. It is determined that the changed paradigm of the global economy, the foundation of which was the << Sustainable Development Goals >>, the climate agenda and the ESG transition have formed a new megatrend in the financial industry - << sustainable finance >>, or finance of a new quality. Ecologically responsible (<< green >>) banking activity as a format of sustainable development in the context of the transition in the world to the model of a << green >> economy is considered. The national initiatives for the formation of the market of << green* bonds in Ukraine on the basis of attracting investments for the implementation of economically important projects in the field of energy saving are studied. The features of the formation of << green >> banking are analyzed and the promising directions for the implementation and development of the market of << green >> bonds in Ukraine are determined on the basis of changes in trends in the global financial market in the investment field. In this study, a systematic analytical approach was applied to the study of theoretical foundations of << green >> banking using generalization techniques. The analysis of foreign scientific publications has shown that approaches to assessing << green >> banking indicate certain ideological shifts in the perception of banking business relating to the << green >> challenges that will inevitably be actualized in Ukraine, taking into account the financial, economic and environmental consequences of military aggression. |
| Author Keywords |
sustainable development; sustainable finance; green economy; green finance; green financing; green banking; green bonds; green loans |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Emerging Sources Citation Index (ESCI) |
| EID |
WOS:001214517500003 |
| WoS Category |
Business, Finance |
| Research Area |
Business & Economics |
| PDF |
https://fkd.net.ua/index.php/fkd/article/download/4250/4010
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