Impact of green fintech solutions on achieving esg principles
DOI:
https://doi.org/10.20397/2177-6652/2023.v23i1.2665Palavras-chave:
financial market, FinTech, Green FinTech, green innovations, green investments, socially responsible business, sustainable developmentResumo
The rapid development of digitalization and the associated transformation of society have created conditions not only for the adaptation of existing FinTech innovations but also for the formation of new directions that fulfill more specific goals and needs of the consumer market, which is Green FinTech. The article considers the global development of Green FinTech, systematizes these directions, and determines their role in achieving sustainable development goals. The article presents different approaches to the concept of FinTech, indicates the factors and technologies that affect its development, and identifies modern trends and opportunities for building an ecological model of the economy based on sustainable development. The authors conclude that the application of FinTech in image and charitable eco-projects, green investment, and the formation of a green digital infrastructure testify to the prospects of this direction and the opportunity of using Green FinTech to build an ecological model of the economy based on sustainable developmentReferências
Gomber, P., Kauffman, R.J., Parker, C., Weber, B.W. On the Fintech Revolution: Interpreting the Forces of Innovation, Disruption, and Transformation in Financial Services // Journal of Management Information Systems. 2018. 35. P. 220-265.
Al-Okaily, M., Al Natour, A.R., Shishan, F., Al-Dmour, A., Alghazzawi, R., Alsharairi, M. Sustainable FinTech innovation orientation: A moderated model // Sustainability. 2021. 13. 13591 pp. URL: https://doi.org/10.3390/su132413591
Nizam, E., Ng, A., Dewandaru, G., Nagayev, R., Nkoba, M.A. The impact of social and environmental sustainability on financial performance: A global analysis of the banking sector // Journal of Multinational Financial Management. 2019. 49. P. 35-53.
Gozmann, D., Libenau, J., Mangan, J. The Innovation Mechanisms of Fintech Start-Ups: Insights from SWIFT’s Innotribe Competition // Management Information Systems. 2018. 35(1). P. 145-179.
Wonglimpiyarat, J. FinTech banking industry: a systemic approach // Foresight. 2017. 19(6). P. 590-603.
Bush, T., Bauer, R., Orlitzky, M. Sustainable Development and Financial Markets: Old Paths and New Avenues // Business & Society. 2015. 55(3). P. 303-329.
Weber, O. The financial sector’s impact on sustainable development // Sustainable Finance & Investment. 2014. 4(1), P. 1-8.
Punschmann, T. FinTech // Business & Information Systems Engineering. 2017. 59(1). P. 69-76.
Weichert, M. The future of payments: How FinTech players are accelerating customer-driven innovation in financial services // Payments, Strategy and Systems. 2017. 11(1). P. 23-33.
Pawłowska, M., Staniszewska, A., Grzelak, M. Impact of FinTech on sustainable development // Financial Sciences. 2022. 27(2). P. 50-66.
Anshari, M., Almunawar, M., Masri, M., Hamdan, M. Digital Marketplace and FinTech to Support Agriculture Sustainability // Energy Procedia. 2019. Vol. 156. P. 234-238.
Ranchber, S. Stimulating Green FinTech Innovation for Sustainable Development: An Analysis of the Innovation Process Master thesis in Sustainable Development. Uppsala, 2018. 70 pp.
Aboalsamh, H.M., Khrais, L.T., Albahussain, S.A. Pioneering Perception of Green Fintech in Promoting Sustainable Digital Services Application within Smart Cities // Sustainability. 2023. Vol. 15, 11440 pp. URL: https://doi.org/10.3390/su151411440
Puschmann, T., Hoffmann, C.H., Khmarskyi, V. How Green FinTech Can Alleviate the Impact of Climate Change – The Case of Switzerland // Sustainability. 2020. 12(24). 10691 pp. URL: https://doi.org/10.3390/su122410691
Macchiavello, E., Siri, M. Sustainable Finance and Fintech: Can Technology Contribute to Achieving Environmental Goals? A Preliminary Assessment of ‘Green FinTech’ // European Banking Institute Working Paper Series. 2020. Vol. 71. URL: https://ssrn.com/abstract=3672989 or http://dx.doi.org/10.2139/ssrn.3672989
Mirza, N., Umar, M., Afzal, A., Firdousi, S.F. The role of Fintech in promoting green finance and profitability: Evidence from the banking sector in the Euro zone // Journal of Economic Analysis & Policy. 2023. 78. P. 33-40.
Yang, Y., Su, X., Yao, S. Nexus between green finance, FinTech, and high-quality economic development: Empirical evidence from China // Resources Policy. 2021. Vol. 74. P. 102-445.
Zhou, G., Zhu, J., Luo, S. The impact of FinTech innovation on green growth in China: Mediating effect of green finance // Ecological Economics. 2022. Vol. 193. P. 107-308.
Arner, D., Buckley, R., Zehzche, D., Veidt, R. Sustainability, FinTech and Financial Inclusion // The European Business Organization Law Review. 2020. Vol. 21. P. 7-35.
Wang, Y., Zhi, Q. The Role of Green Finance in Environmental Protection: Two Aspects of Market Mechanism and Policies // Energy Procedia. 2016. Vol. 104. P. 311-316.
Zhou, G., Zhu, J., Luo, S. The impact of fintech innovation on green growth in China: Mediating effect of green finance // Ecological Economics. 2022. Vol. 193. P. 107-308. URL: https://doi.org/10.1016/j.ecolecon.2021.107308
Metawa, N., Dogan, E., Taskin, D. Analyzing the nexus of green economy, clean and financial technology // Journal of Economic Analysis & Policy. 2022. Vol. 76. P. 385-396.
Gomber, P., Koch, A., Siering, M. Digital finance and research: current research and future research directions // Business Economics. 2017. Vol. 87. P. 537-580.
Zeng, Z. Saving the world by being green with Fintech: Exploring the contradictions inherent in the case of Ant Forest. Capital. Nat. Social. 2022, 97, P. 102-997. URL: https://doi.org/10.1016/j.erss.2023.102997
Wang, K.-H., Zhao, Y.-X., Jiang, C.-F., Zheng-Zheng, L. Does green finance inspire sustainable development? Evidence from a global perspective // Economic Analysis and Policy. 2022. Vol. 75. P. 412-426.
Weiblen, T., Chesbrough, H.W. Engaging with startups to enhance corporate innovation // California Management Review. 2015. Vol. 57. P. 66-90.
Puschmann, T., Hoffmann, C.H., Khmarskyi, V. How green FinTech can alleviate the impact of climate change — The case of Switzerland // Sustainability 2020. Vol. 12. 10691 pp. URL: https://doi.org/10.3390/su122410691
Knuth, S. “Breakthroughs” for a green economy? Financialization and clean energy transition // Energy Research & Social Science. 2018. Vol. 41. P. 220-229.
Tao, Cen, Renke, He. Fintech, Green Finance and Sustainable Development Advances in Social Science // Education and Humanities Research. 2018. Vol. 291. P. 222-225.
Liu, H., Yao, P., Latif, S., Aslam, S., Iqbal, N. Impact of Green Financing, FinTech, and financial inclusion on energy efficiency // Environmental Science and Pollution Research. 2022, Vol. 22, P. 18955-18966.
Devidze, N. Current State of Green Digital Financing and the Associated Challenges // Green Digital Finance and Sustainable Development Goals - Singapore: Springer, 2022. P. 29-50.
Downloads
Publicado
Como Citar
Edição
Seção
Licença
Copyright (c) 2023 Revista Gestão & Tecnologia
Este trabalho está licenciado sob uma licença Creative Commons Attribution-NonCommercial 4.0 International License.
Os direitos, inclusive os de tradução, são reservados. É permitido citar parte de artigos sem autorização prévia desde que seja identificada a fonte. A reprodução total de artigos é proibida. Em caso de dúvidas, consulte o Editor.