IDEAS home Printed from https://ideas.repec.org/a/gam/jjrfmx/v18y2025i4p188-d1626294.html
   My bibliography  Save this article

Green Loans: Expert Perspectives

Author

Listed:
  • Giedrė Lapinskienė

    (Faculty of Economics, Vilniaus Kolegija/Higher Education Institution, Saltoniškių Ave. 58, LT-08105 Vilnius, Lithuania)

  • Tadas Gudaitis

    (Faculty of Economics, Vilniaus Kolegija/Higher Education Institution, Saltoniškių Ave. 58, LT-08105 Vilnius, Lithuania)

  • Rita Martišienė

    (Faculty of Economics, Vilniaus Kolegija/Higher Education Institution, Saltoniškių Ave. 58, LT-08105 Vilnius, Lithuania)

Abstract

In the context of tighter regulations by European Union institutions, sustainable finance allows companies and individuals to identify environmentally friendly ways to access loans according to their sustainability priorities. The financial sector, facing increasingly stringent regulatory requirements, is adapting existing processes and developing new management tools to address the evolving environmental context. This article examines green loans as a sustainable source of finance through a structural survey of eight experts from five major banks operating in Lithuania. The following study methods are employed: systematization and comparison of theoretical literature; questionnaire survey of experts; and analysis of interviews, involving an inductive approach adopting the Gioia Methodology. The survey was carried out in 2024, and its results show that, despite a high level of uncertainty in this area, all of the banks involved are making significant efforts to develop green loans. However, progress is more rapid in sectors where there is a clearer assessment of the greenness of that sector. The article concludes by analyzing green loans in two key areas: the sectors to which the loans are issued and the most significant challenges. The analysis highlights both strengths and points for improvement, such as the need for closer communication.

Suggested Citation

  • Giedrė Lapinskienė & Tadas Gudaitis & Rita Martišienė, 2025. "Green Loans: Expert Perspectives," JRFM, MDPI, vol. 18(4), pages 1-17, April.
    • Handle: RePEc:gam:jjrfmx:v:18:y:2025:i:4:p:188-:d:1626294
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1911-8074/18/4/188/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1911-8074/18/4/188/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Neagu, Florian & Tatarici, Luminița & Dragu, Florin & Stamate, Amalia, 2024. "Are green loans less risky? Micro-evidence from a European Emerging Economy," Journal of Financial Stability, Elsevier, vol. 70(C).
    2. Wu, Hao & Song, Yunling, 2025. "Do bank incentives matter? Evidence from the impact of green finance on corporate carbon neutrality performance," Finance Research Letters, Elsevier, vol. 71(C).
    3. Dennis A. Gioia & Kumar Chittipeddi, 1991. "Sensemaking and sensegiving in strategic change initiation," Strategic Management Journal, Wiley Blackwell, vol. 12(6), pages 433-448, September.
    4. Vera Mirovic & Branimir Kalas & Ines Djokic & Nikola Milicevic & Nenad Djokic & Milos Djakovic, 2023. "Green Loans in Bank Portfolio: Financial and Marketing Implications," Sustainability, MDPI, vol. 15(7), pages 1-14, March.
    5. Riyanti, Ririen Setiati & Wulandari, Permata & Prijadi, Ruslan & Tortosa-Ausina, Emili, 2025. "Green loans: Navigating the path to sustainable profitability in banking," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1613-1624.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Magnus Schückes & Tobias Gutmann, 2021. "Why do startups pursue initial coin offerings (ICOs)? The role of economic drivers and social identity on funding choice," Small Business Economics, Springer, vol. 57(2), pages 1027-1052, August.
    2. Julia VINCENT PONROY & Patrick LÊ & Camille PRADIES, 2019. "In a Family Way? A Model of Family Firm Identity Maintenance by Non-Family Members," Working Papers 2019-015, Department of Research, Ipag Business School.
    3. Tammy E. Beck & Donde Ashmos Plowman, 2009. "Experiencing Rare and Unusual Events Richly: The Role of Middle Managers in Animating and Guiding Organizational Interpretation," Organization Science, INFORMS, vol. 20(5), pages 909-924, October.
    4. Maria Giuseppina Bruna & Luc Frédéric Ducray & Nathalie Montargot, 2017. "Décrypter les ambiguïtés de la société post-moderne pour penser la morphologie de l'entreprise de demain. Une illustration réticulaire," Post-Print hal-01867619, HAL.
    5. Samia Chreim, 2005. "The Continuity–Change Duality in Narrative Texts of Organizational Identity," Journal of Management Studies, Wiley Blackwell, vol. 42(3), pages 567-593, May.
    6. Maria Tunberg & Alistair R. Anderson, 2020. "Growing a small firm; experiences and managing difficult processes," International Entrepreneurship and Management Journal, Springer, vol. 16(4), pages 1445-1463, December.
    7. Bövers, Jana & Hoon, Christina, 2021. "Surviving disruptive change: The role of history in aligning strategy and identity in family businesses," Journal of Family Business Strategy, Elsevier, vol. 12(4).
    8. Jianxiao Du & Yajie Han & Xiaoyu Cui, 2024. "The impact of financial development on enterprise green innovation under low carbon pilot city," PLOS ONE, Public Library of Science, vol. 19(6), pages 1-29, June.
    9. Alexis Laszczuk & Lionel Garreau & Bernard de Montmorillon, 2017. "Understanding emergence in business model development: how companies interact with stakeholders to deal with environmental ambiguity," Post-Print hal-01787276, HAL.
    10. Theresa Langenmayr & David Seidl & Violetta Splitter, 2024. "Interdiscursive struggles: Managing the co‐existence of the conventional and open strategy discourse," Strategic Management Journal, Wiley Blackwell, vol. 45(9), pages 1696-1730, September.
    11. Filstad, Cathrine & Olsen, Trude Høgvold & Karp, Tom, 2021. "Constructing managerial manoeuvring space in contradictory contexts," European Management Journal, Elsevier, vol. 39(4), pages 467-475.
    12. Sevda Helpap & Sigrid Bekmeier-Feuerhahn & Luisa Pinkernelle, 2018. "Ambivalenzen in organisationalen Veränderungen [Ambivalence in Organizational Change]," Schmalenbach Journal of Business Research, Springer, vol. 70(3), pages 209-241, August.
    13. Rognes, Jon, 2002. "Telecommuting resistance, soft but strong: Development of telecommuting over time, and related rhetoric, in three organisations," SSE/EFI Working Paper Series in Business Administration 2002:1, Stockholm School of Economics.
    14. Bjorn Remneland Wikhamn & Alexander Styhre, 2019. "Open Innovation Groundwork," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 24(02), pages 1-29, January.
    15. Zhang, Yan & Zhou, Xiaohu & Zhang, Hui & Khanagha, Saeed, 2025. "Mechanisms of vision communication and employees’ change-supportive behavior from the perspective of expectancy theory," Journal of Business Research, Elsevier, vol. 188(C).
    16. Nino Stameski & Magdalena Radulescu & Vera Zelenović & Vera Mirović & Branimir Kalaš & Nataša Pavlović, 2024. "Investigating the Effects of Environmental Tax Revenues on Economic Development: The Case of Nordic Countries," Sustainability, MDPI, vol. 16(18), pages 1-17, September.
    17. Bouckenooghe, Dave & Schwarz, Gavin M. & Kanar, Adam & Sanders, Karin, 2021. "Revisiting research on attitudes toward organizational change: Bibliometric analysis and content facet analysis," Journal of Business Research, Elsevier, vol. 135(C), pages 137-148.
    18. Christophe Alaux & Laura Carmouze & Vincent Mabillard & Martial Pasquier, 2024. "Place Attractiveness and Image. A research agenda," Post-Print hal-04667643, HAL.
    19. Verena Komander & Andreas König, 2024. "Organizations on stage: organizational research and the performing arts," Management Review Quarterly, Springer, vol. 74(1), pages 303-352, February.
    20. Jeffrey S. Bednar & Benjamin M. Galvin & Blake E. Ashforth & Ella Hafermalz, 2020. "Putting Identification in Motion: A Dynamic View of Organizational Identification," Organization Science, INFORMS, vol. 31(1), pages 200-222, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jjrfmx:v:18:y:2025:i:4:p:188-:d:1626294. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.