Uman National University | today: 12/28/2025
| Author(s) |
Бондаренко Н. В., , , Яковенко О. Р., , , Демчук В. М., , , |
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|---|---|---|---|
| Category | Economics | ||
| year | 2025 | issue | Issue 107 part 2 |
| pages | 452-464 | index UDK | 336.7:502.131.1 | DOI | 10.32782/2415-8240-2025-107-2-452-464 (Link) |
| Abstract | The article analyzes the transformational processes occurring in the banking sector amid the transition toward sustainable development and the growing role of green finance. It examines the evolution of approaches to building a “green” economy, defines the broad and narrow interpretations of green finance, and clarifies their connection with the global sustainable development agenda. A structural model of green finance is presented, encompassing key instruments, actors, and the expected outcomes of their application. The dynamics of global green finance in 2014–2023 are investigated, revealing a pronounced increase in investment flows after 2020. Special emphasis is placed on the strategic approaches of BNP Paribas Group, which presented the Growth, Technology and Sustainability (GTS) strategy in 2023 as a cornerstone of its development until 2025. The strategy aims to combine economic efficiency with technological innovation and a strong commitment to sustainability principles. Its implementation has become a key driver of transformation, encouraging banks to strengthen environmental risk management, revise financing approaches, introduce green financial products, and act as facilitators of ESG-driven change in the corporate sector. The article systematizes the main directions of the sustainable development strategy implemented by UKRSIBBANK BNP Paribas Group. These include support for environmentally oriented projects, enhancement of corporate social responsibility, raising awareness among employees and clients, and active engagement in professional ESG-related discussions. The bank participates in industry forums, develops educational materials, and contributes to the working groups of the Independent Association of the Banks of Ukraine (IABU), promoting unified ESG standards across the banking sector. Such activities demonstrate that banks’ adaptation to sustainable development occurs not only at the product level but also within corporate culture and strategic decision-making. The practical section of the study focuses on real-world cases of green financing. One example is the cooperation with “Nova Poshta,” which received a credit facility of UAH 390 million for the installation of modern cogeneration gas piston power plants. This investment will reduce the use of diesel generators and strengthen energy resilience at key logistics centers. Another example is the financing provided to MHP, which received more than USD 10 million for the installation of solar power plants and cogeneration complexes. These projects will reduce carbon emissions, increase the share of clean energy, and enhance the energy independence of production facilities. The article concludes that banks are not merely responding to societal demand for environmental transformation but are becoming active drivers of economic change. Their ability to adapt strategies, financial products, and management practices to the requirements of sustainable development establishes new standards for financial activity and generates long-term value for both businesses and society. | ||
| Key words | sustainable development, green finance, ESG, banking sector, green lending, UKRSIBBANK | ||