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Climate Risks, Sustainable Finance, and Green Growth: The Evolution of Fintech

Hai Hong Trinh * (Massey University, New Zealand)

Ilham Haouas (Abu Dhabi University, United Arab Emirates)

Tien Thi Thuy Tran (Massey University, New Zealand)

Responsible Firms: CSR, ESG, and Global Sustainability

ISBN: 978-1-83753-963-5, eISBN: 978-1-83753-962-8

Publication date: 6 December 2024

Abstract

This study provides a bibliometric analysis of business literature on the interlinks of fintech, climate risks, and sustainable finance. Fintech growth promotes national environmental efficiency and green finance by decreasing carbon intensity toward the net-zero target. National fintech growth moderates the impact of environmental, social, and governance investment on bank efficiency. Fintech mitigates the loan bankruptcy risk imposed by climate risks with strict mortgage lending decisions due to climate concerns. Fintech applications in banking systems optimize financing costs and increase the accessibility of money for firms, decreasing corporate greenwashing behaviors and promoting green innovation. The existing literature leaves room for future studies on fintech to promote climate finance with important policies for climate action toward Sustainable Development Goals.

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Acknowledgements

Acknowledgments

We would like to thank Jongmoo Jay Choi, Laura H. Carnell, Professor Emeritus of Finance and International Business (Temple University, US, jjchoi@temple.edu), and Founding Editor, International Finance Review (Emerald, annual) for the invitation for our contribution to the edited book on “Responsible Firms: CSR, ESG, and Sustainability,” International Finance Review (IFR), Volume 23, co-edited with Jimi Kim (University of New South Wales, Australia, jimi.kim@unsw.edu.au).

Citation

Trinh, H.H., Haouas, I. and Tran, T.T.T. (2024), "Climate Risks, Sustainable Finance, and Green Growth: The Evolution of Fintech", Choi, J.J. and Kim, J. (Ed.) Responsible Firms: CSR, ESG, and Global Sustainability (International Finance Review, Vol. 23), Emerald Publishing Limited, Leeds, pp. 147-160. https://doi.org/10.1108/S1569-376720240000023008

Publisher

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Emerald Publishing Limited