Serving as a primary driver. This research delves into the multifaceted role of sustainable finance in advancing ecoconscious economic practices. It underscores the necessity of intertwining fiscal strategies with environmental and societal imperatives. With the introduction of benchmarks like the Equator Principles, there is a guided framework for financial establishments to determine and address environmental and societal risks, especially within project financing domains. The analysis identifies three distinct yet sequential stages in sustainable finance evolution: the establish-ment of baseline environmental compliance, an integrated approach considering both monetary and ecological values, and an ultimate focus on enhancing societal and environmental welfare. A crucial observation is the transition from the intermediate stage to the advanced one, where businesses not only mitigate harm but also proactively foster societal and ecological well-being. the comparative analysis of businesses across these stages, accentuates the long-term advantages of sustainable finance practices. © 2025 by IGI Global Scientific Publishing. All rights reserved.
Authors : Chauhan, Abhay Singh, Banerjee Richa, Parashar Neha, Manisha, Banerjee Subeer
