Research Information System
3rd International Conference on Environmental Sustainability in Natural Resources Management 2023 20/10/2023 - 20/10/2023 Batumi, Georgia, Batumi, Georgia, 20 October 2023, vol.1269, no.1, pp.12006, (Full Text)
The study explores the world of green finance within the context of the Georgian financial market, focusing on the influence of regulatory initiatives and market practices. Green finance, driven by sustainability goals and environmental responsibility, has gained prominence globally. In Georgia, this phenomenon has been exemplified by the introduction of sustainability bonds and the integration of ESG factors into financial institutions’ strategies. The research question centers on understanding how regulatory initiatives and market practices impact the growth and effectiveness of green finance in Georgia. The hypothesis posits a positive correlation between the adoption and implementation of regulatory initiatives (such as green taxonomies and ESG guidelines) and the growth and impact of green finance. Through a comprehensive survey of 200 loan officers in Georgian commercial banks, the study gathers insights into perceptions and attitudes regarding sustainability bonds, ESG integration, and green taxonomies. The majority of respondents express optimism about the positive influence of these factors on green finance.