Journal Press India®

DELHI BUSINESS REVIEW
Vol 25 , Issue 1 , January - June 2024 | Pages: 55-79 | Research Paper

Decoding Green Finance: Exploring Concepts, Themes, and Transformative Journey

Author Details ( * ) denotes Corresponding author

1. * Abhay Singh Chauhan, Assistant Professor, Narsee Monjee Institute of Management Studies, Mumbai, Maharashtra, India (drabhaysinghchauhan@gmail.com)
2. S.K. Singh, Professor, School of Commerce and Business Studies, Jiwaji University, Gwalior, Madhya Pradesh, India
3. Sanjeev Gupta, Professor, Govt. SLP PG College, Morar, Gwalior, Madhya Pradesh, India

Purpose: The purpose of this study is to delve into the dynamics of green and sustainable finance (GSF), focusing on its intellectual structure, concept- tual framework, and thematic evolution. The research aims to explore how modern finance theories integrate Environmental, Social and Governance (ESG) principles to drive future ecologically responsible investments. Design/Methodology/Approach: This research employees thematic mapping, co-citation relationships, and keywords analysis to conduct a comprehensive examination of GSF. These methodologies are utilized to distill essential concepts and identify primary themes that shape the GSF landscape. By involving experts from economics, environmental studies, and law, the study provides a multifaceted view of GSF. Findings: The study identifies three main narratives in GSF: (i) the seamless integration of ESG values, (ii) the increasing prominence of environmental finance, and (iii) the role of broad policies in guiding ecologically conscious finance. The findings indicate that ESG principles are crucial for future investments and highlight the importance of cross-disciplinary collaboration in understanding GSF. Research Limitations: While the study offers a thorough analysis of GSF, certain areas could benefit from further academic exploration to provide a more comprehensive understanding of the field. Managerial Application: The research underscores the importance of integrating ESG values into financial decision-making processes. Managers and policy makers can leverage these insights to develop strategies that align financial objectives with environmental sustainability, thereby enhancing long term investment performance and social impact. Originality/Value: This study is novel in its holistic approach to GSF, combining financial goals with environmental care. It documents the rise of GSF and provides a unique perspective on its critical role on shaping sustainable finance practices. The research offers valuable insights for academics, practitioners and policymakers interested in the intersection of finance and sustainability.

Keywords

Environmental, Social, and Governance (ESG), Green Finance (GF), Sustainable Finance (SF), Intellectual Structure, Thematic Evolution, and Biblioshiny.

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