FINANCIAL INNOVATION AND SUSTAINABLE FINANCE – CHALLENGES AND PROBLEMS

Abstract

Transitioning to a sustainable future with inclusive, green economies, financial innovation and resilient ecosystems requires huge investments. The development of suitable framework conditions is a requirement for encouraging private financial market players towards sustainability. A key requirement for the development of a sustainable financial system is a uniform taxonomy of sustainability. Ongoing research highlights how the adoption of new technologies can contribute to improved environmental outcomes and it is also argued that investments by firms in sustainable strategies should generate positive returns in terms of competitivity The purpose of this article is to present the impact of evaluation of financial innovation in the context of sustainable development, the challenges of assessment of financial innovation in the process on management and analyses. The results of the study show that the findings confirm that green innovation is indeed an extremely complex phenomenon.