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Exploration of Financing Paths for Sustainable Development of Enterprises under the Concept of Green Finance

Author(s)

Yun Kaige1,*, Lei Pan2, Guo Qin3

Affiliation(s)

1School of Accounting, Haojing College of Shaanxi University of Science and Technology, Xi'an, Shaanxi, China 2China Three Gorges New Energy Co., Ltd, Beijing, China 3School of Accounting, Haojing College of Shaanxi University of Science and Technology, Xi'an, Shaanxi, China *Corresponding Author.

Abstract

This article elaborates on the characteristics of green finance, including environmental friendliness, policy orientation, innovation, comprehensiveness, and risk management. It also points out that sustainable development of enterprises faces financing challenges and different needs at different stages. Subsequently, a detailed analysis was conducted on the financing path of enterprises under the concept of green finance, such as the advantages of low cost and enhanced corporate image of green bond financing, as well as the issuance process. We also explored the influencing factors of corporate financing paths, including policy environment, market, and corporate factors such as government policy support and stability, maturity and activity of green finance markets, investor recognition, as well as corporate environmental performance, sustainable development capabilities, financial management, and credit status. Finally, strategic suggestions are proposed to promote the financing path for sustainable development of enterprises, including strengthening policy support and guidance, improving the policy system, and increasing fiscal subsidies and tax incentives; Promote the development of green finance markets, cultivate institutions and platforms, and enhance product innovation capabilities; Enhance the sustainable development capability of enterprises, strengthen environmental management and social responsibility, improve financial management level and credit rating. In short, joint efforts from multiple parties can provide strong financing support for the sustainable development of enterprises and promote the green transformation of the economy and society.

Keywords

Green Finance; Sustainable Development of Enterprises; Financing Path

References

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