Daravath Vikas Nayak, A. Arun Kumar, Rakesh Suryadevara and Lalit Mohan Tewari
This chapter explores various innovative financing instruments, including green bonds, climate funds, blended finance, impact investing, public-private partnerships, carbon…
Abstract
Purpose
This chapter explores various innovative financing instruments, including green bonds, climate funds, blended finance, impact investing, public-private partnerships, carbon pricing and results-based financing. Each mechanism offers unique benefits and is vital for mobilising the necessary resources for climate and sustainability projects.
Design/Methodology/Approach
The authors employ a comprehensive review to examine the effectiveness of these innovative financing mechanisms. The study provides insights into aligning organisational strategies with climate and sustainable development goals (SDGs) by evaluating the strategic and operational implications for policymakers and practitioners.
Findings
Effective alignment of organisational strategies with climate and SDG goals is essential for accessing these financing mechanisms. Building specialised knowledge and skills within teams, developing robust risk management frameworks and fostering strong stakeholder engagement are crucial for successful project implementation. Establishing rigorous monitoring and evaluation systems ensures accountability and transparency, enhancing project performance and credibility.
Research Limitations/Implications
The result is strategic prescriptions and a broad agenda to guide future research and practice integrating climate action and SDGs through innovative financing in India. The chapter's final section provides additional avenues for future research, focusing on technological innovation, policy advocacy and the development of sustainable business models.
Originality/Value
This chapter highlights the importance of strategic management in leveraging innovative financing for climate action and sustainable development in India. It highlights pathways and solutions to overcome challenges, maximise impact and ensure long-term success. It provides a rigorous review of innovative financing mechanisms for sustainable development.
Details
Keywords
Zijun Lin, Chaoqun Ma, Olaf Weber and Yi-Shuai Ren
The purpose of this study is to map the intellectual structure of sustainable finance and accounting (SFA) literature by identifying the influential aspects, main research streams…
Abstract
Purpose
The purpose of this study is to map the intellectual structure of sustainable finance and accounting (SFA) literature by identifying the influential aspects, main research streams and future research directions in SFA.
Design/methodology/approach
The results are obtained using bibliometric citation analysis and content analysis to conduct a bibliometric review of the intersection of sustainable finance and sustainable accounting using a sample of 795 articles published between 1991 and November 2023.
Findings
The most influential factors in the SFA literature are identified, highlighting three primary areas of research: corporate social responsibility and environmental disclosure; financial and economic performance; and regulations and standards.
Practical implications
SFA has experienced rapid development in recent years. The results identify the current research domain, guide potential future research directions, serve as a reference for SFA and provide inspiration to policymakers.
Social implications
SFA typically encompasses sustainable corporate business practices and investments. This study contributes to broader social impacts by promoting improved corporate practices and sustainability.
Originality/value
This study expands on previous research on SFA. The authors identify significant aspects of the SFA literature, such as the most studied nations, leading journals, authors and trending publications. In addition, the authors provide an overview of the three major streams of the SFA literature and propose various potential future research directions, inspiring both academic research and policymaking.