The role of sustainable finance in achieving sustainable development goals

In the article, the analysis of scientific literature leads to the definition of sustainable finance and identification of its types. This distinction allows for a more detailed examination of sustainable finance in different contexts, especially when only one type of sustainable finance is considered. The empirical study that has been carried out in the Baltic Sea states confirms that sustainable finance has an impact on the implementation of sustainable development goals. The countries that use more sustainable finance have better results in terms of the SDGs. The created research model reflects the sequence of data collection and the process of determining the relationship between sustainable development and sustainable finance. The correlation between the two is confirmed by the conducted research. The more sustainable is the country's financial model, the better is the implementation of sustainable development goals.