Volume 2, Issue 1, June 2023
Articles

SUSTAINABLE FINANCE IN ACTION: EXPLORING GREEN LOANS IN PROMOTING ENVIRONMENTAL RESPONSIBILITY

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  • Dr. Raji
Dr. Raji
Vice-Principal, SEA College of Science, Commerce and Arts, Bangalore
DOI: https://doi.org/10.59176/kjms.v2i1.2348

Published 2024-05-29

Keywords

  • Sustainable Finance, Green Loans, Sustainable Linked Loans, Environmental Responsibility, Green Loan Principles (GLP)

How to Cite

Raji, D. (2024). SUSTAINABLE FINANCE IN ACTION: EXPLORING GREEN LOANS IN PROMOTING ENVIRONMENTAL RESPONSIBILITY. Kristu Jayanti Journal of Management Sciences (KJMS), 2(1), 14–25. https://doi.org/10.59176/kjms.v2i1.2348
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Abstract

In the evolving landscape of finance, the imperative to address environmental concerns and promote sustainable development has given rise to innovative financial instruments, notably green loans and sustainable linked loans. This comprehensive study delves into the key features and characteristics of green loans, assessing their role in fostering positive environmental impact through targeted funding for eco-friendly projects. Additionally, it explores the novel concept of sustainable linked loans, which tie loan terms to specific sustainability performance targets, offering a nuanced approach to promoting environmental and social sustainability. The research examines adoption patterns globally, evaluates the impact of Green Loan Principles (GLP), analyzes financial incentives, and explores the alignment of these financial instruments with Sustainable Development Goals (SDGs). The findings contribute to a deeper understanding of the dynamics surrounding green loans and sustainable linked loans, shedding light on their effectiveness in driving positive change towards a sustainable global economy.

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