EMERGENT VALUES IN EMERGING MARKETS: SUSTAINABLE FINANCE FOR PROFIT AND PROGRESS

Abstract

The global finance industry is under growing pressure to be more sustainable and open about its economic, social, and environmental implications. The notion of sustainable development touches every aspect of this financial life making finance crucial in hastening the transition to a more sustainable economy and society. Sustainable finance is becoming a major concern in both established and emerging economies' financial sectors. The core concept of sustainable finance is that finance should contribute to sustainability while remaining profitable. Several causes have contributed to the shift towards sustainable finance, including the necessity for finance to contribute to environmental sustainability, natural resource depletion, and wealth disparity. This paper will delve into the causes, and benefits of sustainable finance while also tackling the challenges that hinder it from achieving profit alongside sustainable progress.