Published Online:January 2025
Product Name:The IUP Journal of Accounting Research & Audit Practices
Product Type:Article
Product Code:IJARAP170125
DOI:10.71329/IUPJARAP/2025.24.1.327-344
Author Name:Ruparnab Sengupta, Ashima Bhattacharjee and Kaushik Bhattacharjee
Availability:YES
Subject/Domain:Finance
Download Format:PDF
Pages:327-344
Green bonds, which are already evolving as a vital instrument in accumulating finance for sustainable development, can play a crucial role in tackling climate change and leveraging sustainable development. This paper examines, primarily through a review of academic literature and industry reports, green bond issuance and the regulatory framework concerning the same. It compares the regulations governing green bond issuance across selected geographies like China, the US, the EU and India. When viewed from the perspective of an emerging economy like India, such a comparison would help policymakers and green bond issuers to adopt and implement a combination of the best practices to help the Indian economy unleash its full potential for sustainable development. This would ensure that India keeps pace with other global economies in the journey towards a more environment-friendly world.
Sustainability requires organizations to formulate business strategies in such a way that they cater not only to shareholder profit maximization but also to the long-term benefits of the stakeholders—including customers, supply chain, employees, and society at large.