Sustainable finance: Evolution or revolution in the banking sector

Sustainable Development nowadays became a dominant paradigm for both public and private sectors. Several Strategic Agendas such as European Green Deal, the 2030 Agenda for Sustainable Development and the SDGs, Climate Action and others, at their core values have a great set of actions ranging from r...

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Autores principales:	Sredojević Slađana, Sredojević Dragoslava
Formato:	article
Lenguaje:	EN SR
Publicado:	Association of Serbian Banks 2021
Materias:	sustainable development sustainable financing sustainable development goals green bonds paris agreement Finance HG1-9999
Acceso en línea:	https://doaj.org/article/f1263f3028ab4ca78b8004e7622e8a61
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spelling	oai:doaj.org-article:f1263f3028ab4ca78b8004e7622e8a612021-12-05T18:01:57ZSustainable finance: Evolution or revolution in the banking sector1451-43542466-549510.5937/bankarstvo2102114Shttps://doaj.org/article/f1263f3028ab4ca78b8004e7622e8a612021-01-01T00:00:00Zhttps://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2021/1451-43542102114S.pdfhttps://doaj.org/toc/1451-4354https://doaj.org/toc/2466-5495Sustainable Development nowadays became a dominant paradigm for both public and private sectors. Several Strategic Agendas such as European Green Deal, the 2030 Agenda for Sustainable Development and the SDGs, Climate Action and others, at their core values have a great set of actions ranging from reduction of the CO2 levels, through financing of particular projects, to the improvement of general welfare of the economies and societies. Due to the funding gap, there is a growing interest for private sector financing, particularly sustainable financing, and its role and contribution to the mentioned ultimate goals. The objective of the research is to analyze the factors and progress that have been made in setting up the framework in sustainable financing at the EU and international level. This paper will aim to identify the direction and the channels of its potential impact on the banking sector, as well as to describe ways in which this new culture is developing in the banking sector. The paper will particularly try to identify if the banking sector is proactive or reactive, by observing initiatives and projects at the international, European, and local level that have been developing for the last two decades, and based on that, to try to assess if a concept of sustainability and sustainable finance represent an evolution (upgrade of the existing culture and practice) or a revolution (new paradigm) in the banking sector.Sredojević SlađanaSredojević DragoslavaAssociation of Serbian Banksarticlesustainable developmentsustainable financingsustainable development goalsgreen bondsparis agreementFinanceHG1-9999ENSRBankarstvo, Vol 50, Iss 2, Pp 114-131 (2021)
institution	DOAJ
collection	DOAJ
language	EN SR
topic	sustainable development sustainable financing sustainable development goals green bonds paris agreement Finance HG1-9999
spellingShingle	sustainable development sustainable financing sustainable development goals green bonds paris agreement Finance HG1-9999 Sredojević Slađana Sredojević Dragoslava Sustainable finance: Evolution or revolution in the banking sector
description	Sustainable Development nowadays became a dominant paradigm for both public and private sectors. Several Strategic Agendas such as European Green Deal, the 2030 Agenda for Sustainable Development and the SDGs, Climate Action and others, at their core values have a great set of actions ranging from reduction of the CO2 levels, through financing of particular projects, to the improvement of general welfare of the economies and societies. Due to the funding gap, there is a growing interest for private sector financing, particularly sustainable financing, and its role and contribution to the mentioned ultimate goals. The objective of the research is to analyze the factors and progress that have been made in setting up the framework in sustainable financing at the EU and international level. This paper will aim to identify the direction and the channels of its potential impact on the banking sector, as well as to describe ways in which this new culture is developing in the banking sector. The paper will particularly try to identify if the banking sector is proactive or reactive, by observing initiatives and projects at the international, European, and local level that have been developing for the last two decades, and based on that, to try to assess if a concept of sustainability and sustainable finance represent an evolution (upgrade of the existing culture and practice) or a revolution (new paradigm) in the banking sector.
format	article
author	Sredojević Slađana Sredojević Dragoslava
author_facet	Sredojević Slađana Sredojević Dragoslava
author_sort	Sredojević Slađana
title	Sustainable finance: Evolution or revolution in the banking sector
title_short	Sustainable finance: Evolution or revolution in the banking sector
title_full	Sustainable finance: Evolution or revolution in the banking sector
title_fullStr	Sustainable finance: Evolution or revolution in the banking sector
title_full_unstemmed	Sustainable finance: Evolution or revolution in the banking sector
title_sort	sustainable finance: evolution or revolution in the banking sector
publisher	Association of Serbian Banks
publishDate	2021
url	https://doaj.org/article/f1263f3028ab4ca78b8004e7622e8a61
work_keys_str_mv	AT sredojevicslađana sustainablefinanceevolutionorrevolutioninthebankingsector AT sredojevicdragoslava sustainablefinanceevolutionorrevolutioninthebankingsector
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Sustainable finance: Evolution or revolution in the banking sector

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