Sustainable Finance: A Paradigm Shift From Conventional Finance Towards Sustainable World, Its Framework and Challenges

Sustainability necessitates the adjustment of the current business model to the dynamic nature of digitalized environments. In other words, corporations must ensure that resources, particularly technology, are used responsibly and effectively to enhance the lives of present and future generations and to strengthen their ties to the environment. Prosperity in the form of economic and population growth can be attributed to the Industrial Revolution and the subsequent development of production processes reliant on fossil fuels. At the same time, the departure from a 'empty' world abundant in natural resources has aggravated social and environmental issues