This refers to environmental, social and corporate governance. It emphasises well-being, inclusive of nature, the social sphere and the regulations associated with it. So, Whether the model of governance is capitalist or democratic ESG index is essential for determining the holistic development
Published in Chapter:
Policy Implication of Green Finance
Rashmi Shukla (Indian Institute of Management, Raipur, India) and Charul Sawai (Daulat Ram College, Delhi University, India)
Copyright: © 2023
|Pages: 31
DOI: 10.4018/979-8-3693-0008-4.ch007
Abstract
The chapter aims to provide insight into the policy framework of green finance. The five-step roadmap begins with a vision whereby the reader is made aware of the concept of sustainability. India's initiative at the G20 summit of the UN Environment on the issue, thereby the first part, is concluded with a positive note on fairness and development. Similarly, a detailed analysis of the strategy undertaken at the national and international levels is discussed. Further, lead entities are enlisted along with the current state of ownership in some countries. No policy framework would be a good guide for policymakers and researchers to rely on if it is presented without including the essential requirements. To provide a sense of the change in green fintech, various examples have been curated related to green lending, crowdfunding, insurance, and ESG data providers. The comprehensive chapter is concluded by listing the essential metrics to evaluate the process of growth.