ZELENE FINANSIJE
GREEN FINANCE

Author(s): Silvije Orsag, Dejan Mikerević
Subject(s): Economy, Energy and Environmental Studies
Published by: Finrar d.o.o Banja Luka
Keywords: green transition; green finance; green loan; ESG reporting; enviroment; sustainable development;
Summary/Abstract: The strong economic development of the human community has caused significant ecosystem problems. These problems have led to a growing interest in the concept of sustainable development and its growing importance in socio-political discussions. This is reflected in all fields of human activity, including the economy. Green has become the “leitmotif” of the paradigm of sustainable development. The paper gives an overview of the origin and development of green finance in the context of the interdependence of business finance and investment analysis. On the side of the primary issuers of financial instruments, it is a matter of communication on social and managerial orientation towards sustainable development in the context of environmental protection. On the part of investors, there is a growing awareness of the financing of companies as bearers of sustainable projects and the specialization of one part and / or the entire portfolio for their financial support. The financial industry must be involved in these processes. In conclusion, we will focus our review of the development and state of green finances on the necessity of their development in the circumstances of green transition as a key challenge for small countries striving for rapid growth, especially those in our Balkan region.

• Details
• Contents