THE ROLE OF SUSTAINABLE FINANCE IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS
THE ROLE OF SUSTAINABLE FINANCE IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS
Author(s): Dalia Streimikiene, Asta Mikalauskienė, Greta BurbaiteSubject(s): Supranational / Global Economy, Business Economy / Management, Energy and Environmental Studies, Economic development, Environmental interactions, Socio-Economic Research
Published by: Fundacja Centrum Badań Socjologicznych
Keywords: sustainable development; traditional finance; sustainable finance; sustainable development goals;
Summary/Abstract: In the article, the analysis of scientific literature leads to the definition of sustainable finance and identification of its types. This distinction allows for a more detailed examination of sustainable finance in different contexts, especially when only one type of sustainable finance is considered. The empirical study that has been carried out in the Baltic Sea states confirms that sustainable finance has an impact on the implementation of sustainable development goals. The countries that use more sustainable finance have better results in terms of the SDGs. The created research model reflects the sequence of data collection and the process of determining the relationship between sustainable development and sustainable finance. The correlation between the two is confirmed by the conducted research. The more sustainable is the country's financial model, the better is the implementation of sustainable development goals.
Journal: Economics and Sociology
- Issue Year: 16/2023
- Issue No: 1
- Page Range: 271-298
- Page Count: 28
- Language: English