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Synergizing Green Finance and Impact Investing: A Roadmap to Sustainable Ventures

Author

Listed:
  • Lalita
  • Sachin Kumar
  • Manoj Kumar Dash

Abstract

Integration of environmentally sustainable financial policies must be a strategic step in channeling resources into initiatives that yield not only financial benefits but also social justice and ecological sustainability. It is, therefore, necessary to determine the significant green financial policies in the domain of sustainable entrepreneurship. This study aims to address the following research objective: (i) to identify and examine green financial policies that facilitate impact investing in sustainable ventures and (ii) to assess and determine the most influential green financial policies that effectively promote impact investing within sustainable ventures. This study explores the green financial policies for supporting impact investing in sustainable ventures from an extensive literature review. Further, the grey influence analysis is used to investigate all interconnections between these green financial policies. The semistructured questionnaire was used to collect the data from domain experts in industry and academia in order to ensure the results. From the findings, sustainable financial instruments and green investment incentives appear to hold the highest influencing powers over impact investments, which is also backed by climate‐related financial risk and disclosure. This study uniquely examines green financial policies that support impact investing in sustainable ventures within developing economies using grey influence analysis. This research provides managerial insights for firms seeking to develop sustainable ventures. The alignment of these policies with the objectives of impact investing helps financial institutions drive sustainable development and tackle global issues like climate change while making major investments in sustainable ventures.

Suggested Citation

  • Lalita & Sachin Kumar & Manoj Kumar Dash, 2025. "Synergizing Green Finance and Impact Investing: A Roadmap to Sustainable Ventures," Business Strategy and the Environment, Wiley Blackwell, vol. 34(8), pages 9566-9581, December.
    • Handle: RePEc:bla:bstrat:v:34:y:2025:i:8:p:9566-9581
    DOI: 10.1002/bse.70088
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