IMIB Journal of Innovation and Management

Sustainable Development Using Green Finance and Triple Bottom Line:
A Bibliometric Review

Nazma¹, Rachna Bhopal¹ and Rita Devi¹

First Published 7 Nov 2023. https://doi.org/10.1177/ijim.231184138

Article Information

Corresponding Author:

Rachna Bhopal, School of Commerce and Management Studies, HPKVBS, Central University of Himachal Pradesh, Dharamshala, Himachal Pradesh 176215, India.
Email: cuhp20rdmgmt14@hpcu.ac.in

¹School of Commerce and Management Studies, HPKVBS, Central University of Himachal Pradesh, Dharamshala, Himachal Pradesh, India

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (http://www.creativecommons.org/licenses/by-nc/4.0/) which permits non-Commercial use, reproduction and distribution of the work without further permission provided the original work is attributed.

Abstract

A primary framework of finance involves the acquisition and management of financial resources, such as lending, saving, investing, borrowing, budgeting and planning. Green finance is the fastest emerging sustainable finance, utilising public funds, commercial loans and micro-lending to promote sustainability at its most basic level. Green finance and sustainable development are two interconnected concepts that play a critical role in addressing global environmental challenges and promoting long-term economic growth and social well-being. The Triple Bottom Line is a powerful tool to attain sustainable development, as it evaluates the performance of organisations and projects based on three interconnected pillars: economic, social and environmental. The aim of the research article is to examine the effect of green finance on Triple Bottom Line using bibliometric analysis. The study is an outcome of bibliometric analyses of 405 articles retrieved from Scopus from years 1997 to 2022. The findings revealed the positive correlation of green finance with Triple Bottom Line (economic, social and environmental).

Keywords

Governance, green finance, sustainability, Triple Bottom Line

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