Sustainable Finance
EDUCATION
Sustainable finance is an evolution of green finance, as it takes into consideration environmental, social and governance (ESG) issues and risks, with the aim of increasing long-term investments in sustainable economic activities and projects.
Climate finance provides funds for addressing climate change adaptation and mitigation, green finance has a broader scope as it also covers other environmental goals (e.g. biodiversity protection/restoration), while sustainable finance extends its domain to environmental, social and governance factors (ESG).
See Green and Sustainable Finance on European Parliament for detail: https://www.europarl.europa.eu/thinktank/en/document/EPRS_BRI(2021)679081
