Renewing the Legal and Policy Framework for Sustainable Financing

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Abstract

This study examines regulatory, legal, and policy frameworks associated with sustainable development and finance. A bibliometric analysis and Systematic Literature Review (SLR) process were used to select forty-three articles that mapped the development and current trends of sustainable finance laws and regulations. This study emphasizes the importance of incorporating sustainability principles into the financial sector and stresses the need to create innovative regulatory frameworks to encourage responsible financial practices. This study identifies key themes, influential authors, and frequently cited legal documents that play a significant role in shaping the discourse surrounding sustainable finance. These findings underscore the need for a flexible and responsive regulatory framework that aligns financial practice with sustainability objectives. This study offers valuable guidance to policymakers, practitioners, and future researchers by providing insights into the legal and regulatory landscapes of sustainable finance. Additionally, potential areas for future research were proposed, such as examining greenwashing and adopting an interdisciplinary approach, to further progress in the field.