SUSTAINABLE FINANCIAL INVESTMENTS: A REVIEW ON EVOLUTION, PLAYERS, AND POLICY PERSPECTIVES GLOBALLY AND IN INDIA
Department of Humanities and Social Sciences, Andhra University, Visakhapatnam, India
This paper explores Sustainable Financial Investments (SFI) as a critical shift from traditional investment models by integrating Environmental, Social, and Governance (ESG) criteria to promote long-term value and risk mitigation. It highlights the evolution of SFI from socially responsible investing to a comprehensive framework that aligns financial returns with sustainability goals. The study examines theoretical foundations emphasizing their role in shaping sustainable investment practices globally and in India. The Indian context is analyzed through regulatory frameworks like SEBI’s Business Responsibility and Sustainability Reporting (BRR), which institutionalizes ESG disclosures. The paper discusses key stakeholders, investment strategies, and financial products driving SFI, including green bonds and ESG ETFs. It also addresses challenges such as greenwashing, inconsistent ESG metrics, and market awareness, particularly in emerging markets like India. The study concludes by identifying research gaps and recommending stronger regulations, improved data quality, and collaboration among stakeholders to ensure SFI supports inclusive and sustainable economic growth.
Ch.Gayathri, (2026). Sustainable Financial Investments: A Review on Evolution, Players, and Policy Perspectives Globally and in India. International Journal of Science, Strategic Management and Technology, 02(6). https://doi.org/10.55041/ijsmt.v2i6.108
Ch.Gayathri, . "Sustainable Financial Investments: A Review on Evolution, Players, and Policy Perspectives Globally and in India." International Journal of Science, Strategic Management and Technology, vol. 02, no. 6, 2026, pp. . doi:https://doi.org/10.55041/ijsmt.v2i6.108.
Ch.Gayathri, . "Sustainable Financial Investments: A Review on Evolution, Players, and Policy Perspectives Globally and in India." International Journal of Science, Strategic Management and Technology 02, no. 6 (2026). https://doi.org/https://doi.org/10.55041/ijsmt.v2i6.108.
2.Climate Bonds Initiative. (2019). India green bond market report.
3.Cunha, F. A. F. de S., Meira, E., & Orsato, R. J. (2021). Sustainable finance and investment: Review and research agenda. Business Strategy and the Environment, 30(8), 3821-3838.https://doi.org/10.1002/bse.2842
4.Elkington, J. (1997). Cannibals with forks: The triple bottom line of 21st century business. Capstone.
5.Freeman, R. E. (1984). Strategic management: A stakeholder approach. Pitman.
6.Friede, G., Busch, T., & Bassen, A. (2015). ESG and financial performance: Aggregated evidence from more than 2000 empirical studies. Journal of Sustainable Finance & Investment, S(4), 210-233. https://doi.org/10.1080/20430795.2015.1118917
7.Global Sustainable Investment Alliance. (2020). Globalsustainable investment review. https://www.gsi-alliance.org/wp-content/uploads/2021/08/GSIR-20201.pdf
8.Government of India. (2008). National action plan on climate change.
9Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360.
10.Ministry of Corporate Affairs. (2011). National voluntary guidelines on the social, environmental, and economic responsibilities of businesses.