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Impact of Green Finance on Sustainability in India's Commercial Banks
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Author(s): Munish Gupta (Chandigarh University, India), Pawan Kumar (Chandigarh University, India)and Sachin Ghai (Graphic Era University (Deemed), India)
Copyright: 2024
Pages: 18
Source title:
Sustainable Investments in Green Finance
Source Author(s)/Editor(s): Sanjay Taneja (Graphic Era University (Deemed), India), Pawan Kumar (Chandigarh University, India), Simon Grima (Department of Insurance, Faculty of Economics Management and Accountancy, University of Malta, Msida, Malta & Faculty of Business, Management and Economics, University of Latvia, Riga, Latvia), Ercan Ozen (Usak University, Turkey)and Kiran Sood (Chitkara Business School, Chitkara University, India & Research Fellow at the Women Researchers Council (WRC) at Azerbaijan State University of Economics (UNEC), Azerbaijan)
DOI: 10.4018/979-8-3693-1388-6.ch015
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Abstract
Green finance and responsible investment are gaining importance within the scope of sustainable development goals (SDGs). This chapter explores how important green finance is to improving the sustainability performance of Indian commercial banks. The study looks at how social, economic, and environmental aspects of green finance, such as green financing techniques, environmental risk management, and economic characteristics, affect sustainability performance. Information is acquired from primary sources through surveying and interviewing influential figures in the financial sectors with 392 respondents in New Delhi using a sampling (non-probabilistic) approach. The results highlight the possibility for financial institutions to promote favorable environmental outcomes while guaranteeing long-term economic viability, shedding light on the considerable impact of green finance's social, economic, and environmental components on sustainability performance.
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