The impacts and challenges of green finance and the sustainable transition for businesses.
DOI:
https://doi.org/10.63618/omd/revinvlid/v2/n1/30Keywords:
green finance, sustainable transition, corporate performance, climate finance, Ecuadorian companiesAbstract
Green finance has established itself as a strategic mechanism for financing the sustainable transition, although in Ecuador, limitations in access, low diversification of instruments, and uneven business capacities persisted. The study aimed to analyze its financial, environmental, and institutional impacts, as well as the challenges that shaped the transition of Ecuadorian companies within the Latin American context. A qualitative approach was applied, featuring a documentary, non-experimental, and cross-sectional design, through a systematic review of scientific literature, official statistics, and institutional documents published primarily between 2021 and 2025. The results showed that the international market experienced significant expansion, while in Ecuador, financing was concentrated in loans, thematic bonds, and transactions brokered by banks and multilateral organizations. Environmental benefits were more consistent than financial ones, the effects of which varied according to certification, size, and sector. Furthermore, microenterprises faced greater constraints in terms of capital, information, and technical capabilities, while large companies accounted for the largest share of sales. These findings indicated that the availability of resources did not guarantee inclusive access. It was concluded that the business transition required differentiated financing, technical assistance, verifiable standards, and institutional strengthening.
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Copyright (c) 2025 Proaño-González, Esther Angélica, Almeida-Blacio, Jorge Hernan, Hurtado-Guevara, Richard Fernando (Autor/a)
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