Green finance, sustainability disclosure and economic implications

Purpose In this study, the authors provide a systematic literature review of articles in emerging areas green finance and discuss status challenges sustainability disclosure, which is crucial for efficiency financial instruments. The then on economic implications outline future research directions. Design/methodology/approach use analytical framework – Search, Appraisal, Synthesis, Analysis (SALSA) to conduct literature. Findings Increasing public attention environment motivates fund environmentally sustainable projects, rise intensifies demand environmental disclosure. Literature has documented tremendous growth reporting over time around globe, as well raised concerns about how such lack consistency, comparability, assurance. Despite these challenges, find that general, agrees firm’s practice positively associated with its performance negatively related cost capital. Green also found bring enhanced risk management development. Originality/value one first reviews finance, disclosure impact performance, capital market