A Study Literature Review: Sustainable Finance: Green Finance, Green Investment, And Green Insurance in Indonesia and Global Perspective

Evie Rosydayanti; Fitria Indrawati Rahayu; Kharisma Rona Musfirah; Shandi Maulani Ahmad; Tito Pramudya Wahyu Perkasa; Lalu Hamdani Husnan

doi:10.55927/jfbd.v3i4.12986

Authors

Evie Rosydayanti Program Magister Manajemen, Fakultas Ekonomi, Universitas Mataram
Fitria Indrawati Rahayu Program Magister Manajemen, Fakultas Ekonomi, Universitas Mataram
Kharisma Rona Musfirah Program Magister Manajemen, Fakultas Ekonomi, Universitas Mataram
Shandi Maulani Ahmad Program Magister Manajemen, Fakultas Ekonomi, Universitas Mataram
Tito Pramudya Wahyu Perkasa Program Magister Manajemen, Fakultas Ekonomi, Universitas Mataram
Lalu Hamdani Husnan Program Magister Manajemen, Fakultas Ekonomi, Universitas Mataram

DOI:

https://doi.org/10.55927/jfbd.v3i4.12986

Keywords:

Sustainable Finance, Green Finance, Green Investment, Green Insurance, ESG

Abstract

The issue of sustainability is increasingly pressing amidst worsening global economic conditions, including global warming and green land loss. This study aimed to compare the regulation and implementation of sustainable finance in Indonesia with global practices and to understand why the implementation in Indonesia is slower than in other countries and how ESG disclosures can influence this. This study used a literature study that examines various academic sources and reports related to sustainable finance. The finding shows the key challenges that hinder the progress of green finance in Indonesia, such as lack of market awareness, weak regulations, and limited private sector participation compared to significant progress in global practice with strong regulations and high awareness of environmental risks.

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