IDEAS home Printed from https://ideas.repec.org/a/wly/corsem/v31y2024i4p2823-2837.html
   My bibliography  Save this article

Green fintech: Developing a research agenda

Author

Listed:
  • Thomas Puschmann
  • Valentyn Khmarskyi

Abstract

Digitalization and sustainability have been the core drivers of transformation of the financial industry in recent years. In this context, green fintech plays a major role, which, however, is still an unexplored field in business, information systems and finance research. This paper conducts a systematic literature analysis and develops a research agenda based on a framework, which is derived from clustering 74 academic research papers. The framework consists of the four clusters strategy, organization, technology, and potentials along nine dimensions. The research agenda reveals that green fintech is still a very premature field of research. The analysis shows that areas like customer‐ and government‐related services, insurance‐oriented approaches and SDGs which focus on life on land and life below water are still rare and that most of the approaches focus on blockchain technology, while other financial technologies like artificial intelligence are still underrepresented.

Suggested Citation

  • Thomas Puschmann & Valentyn Khmarskyi, 2024. "Green fintech: Developing a research agenda," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 2823-2837, July.
    • Handle: RePEc:wly:corsem:v:31:y:2024:i:4:p:2823-2837
    DOI: 10.1002/csr.2675
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/csr.2675
    Download Restriction: no
    File URL: https://libkey.io/10.1002/csr.2675?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Emilia Krajnakova & Mantas Svazas & Valentinas Navickas, 2019. "Biomass blockchain as a factor of energetical sustainability development," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(3), pages 1456-1467, March.
    2. Roberto Leonardo Rana & Pasquale Giungato & Angela Tarabella & Caterina Tricase, 2019. "Blockchain Applications and Sustainability Issues," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(S13), pages 861-861, November.
    3. William Nikolakis & Lijo John & Harish Krishnan, 2018. "How Blockchain Can Shape Sustainable Global Value Chains: An Evidence, Verifiability, and Enforceability (EVE) Framework," Sustainability, MDPI, vol. 10(11), pages 1-16, October.
    4. Lisha, Liu & Mousa, Saeed & Arnone, Gioia & Muda, Iskandar & Huerta-Soto, Rosario & Shiming, Zhai, 2023. "Natural resources, green innovation, fintech, and sustainability: A fresh insight from BRICS," Resources Policy, Elsevier, vol. 80(C).
    5. Lee Won Park & Sanghoon Lee & Hangbae Chang, 2018. "A Sustainable Home Energy Prosumer-Chain Methodology with Energy Tags over the Blockchain," Sustainability, MDPI, vol. 10(3), pages 1-18, March.
    6. Florentina Magda Enescu & Nicu Bizon & Adrian Onu & Maria Simona Răboacă & Phatiphat Thounthong & Alin Gheorghita Mazare & Gheorghe Șerban, 2020. "Implementing Blockchain Technology in Irrigation Systems That Integrate Photovoltaic Energy Generation Systems," Sustainability, MDPI, vol. 12(4), pages 1-30, February.
    7. Paul Sarango-Lalangui & Jane Lucia S. Santos & Esther Hormiga, 2018. "The Development of Sustainable Entrepreneurship Research Field," Sustainability, MDPI, vol. 10(6), pages 1-19, June.
    8. Pablo Muñoz & Boyd Cohen, 2018. "Entrepreneurial Narratives in Sustainable Venturing: Beyond People, Profit, and Planet," Journal of Small Business Management, Taylor & Francis Journals, vol. 56(S1), pages 154-176, March.
    9. Agnieszka Konys, 2019. "Towards Sustainable Entrepreneurship Holistic Construct," Sustainability, MDPI, vol. 11(23), pages 1-33, November.
    10. Thomas Puschmann & Christian Hugo Hoffmann & Valentyn Khmarskyi, 2020. "How Green FinTech Can Alleviate the Impact of Climate Change—The Case of Switzerland," Sustainability, MDPI, vol. 12(24), pages 1-30, December.
    11. Tan, Qingmei & Yasmeen, Humaira & Ali, Sharafat & Ismail, Hina & Zameer, Hashim, 2023. "Fintech development, renewable energy consumption, government effectiveness and management of natural resources along the belt and road countries," Resources Policy, Elsevier, vol. 80(C).
    12. Schuetz, Sebastian & Venkatesh, Viswanath, 2020. "Blockchain, adoption, and financial inclusion in India: Research opportunities," International Journal of Information Management, Elsevier, vol. 52(C).
    13. Xu, Jie & Chen, Fu & Zhang, Weiwei & Liu, Yiting & Li, Tingting, 2023. "Analysis of the carbon emission reduction effect of Fintech and the transmission channel of green finance," Finance Research Letters, Elsevier, vol. 56(C).
    14. Dirk Schoenmaker, 2017. "Investing for the common good- a sustainable finance framework," Essays and Lectures 21249, Bruegel.
    15. Lu, Yin & Tian, Tian & Ge, Chen, 2023. "Asymmetric effects of renewable energy, fintech development, natural resources, and environmental regulations on the climate change in the post-covid era," Resources Policy, Elsevier, vol. 85(PB).
    16. Cheng, Xiaoqiang & Yao, Dingjun & Qian, Yuanyuan & Wang, Bin & Zhang, Deliang, 2023. "How does fintech influence carbon emissions: Evidence from China's prefecture-level cities," International Review of Financial Analysis, Elsevier, vol. 87(C).
    17. Bailu Fu & Zhan Shu & Xiaogang Liu, 2018. "Blockchain Enhanced Emission Trading Framework in Fashion Apparel Manufacturing Industry," Sustainability, MDPI, vol. 10(4), pages 1-19, April.
    18. Kathrin Bischoff & Christine K. Volkmann, 2018. "Stakeholder support for sustainable entrepreneurship - a framework of sustainable entrepreneurial ecosystems," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 10(2), pages 172-201.
    19. Mahtab Kouhizadeh & Joseph Sarkis, 2018. "Blockchain Practices, Potentials, and Perspectives in Greening Supply Chains," Sustainability, MDPI, vol. 10(10), pages 1-16, October.
    20. Perrons, Robert K. & Cosby, Tonya, 2020. "Applying blockchain in the geoenergy domain: The road to interoperability and standards," Applied Energy, Elsevier, vol. 262(C).
    21. Xu, Si & Zhang, You & Chen, Lan & Leong, Lin Woon & Muda, Iskandar & Ali, Anis, 2023. "How Fintech and effective governance derive the greener energy transition: Evidence from panel-corrected standard errors approach," Energy Economics, Elsevier, vol. 125(C).
    22. Joost F Wolfswinkel & Elfi Furtmueller & Celeste P M Wilderom, 2013. "Using grounded theory as a method for rigorously reviewing literature," European Journal of Information Systems, Taylor & Francis Journals, vol. 22(1), pages 45-55, January.
    23. Yong Jae Shin & Yongrok Choi, 2019. "Feasibility of the Fintech Industry as an Innovation Platform for Sustainable Economic Growth in Korea," Sustainability, MDPI, vol. 11(19), pages 1-21, September.
    24. Di Vaio, Assunta & Varriale, Luisa, 2020. "Blockchain technology in supply chain management for sustainable performance: Evidence from the airport industry," International Journal of Information Management, Elsevier, vol. 52(C).
    25. V.G. Venkatesh & K. Kang & B. Wang & R.Y. Zhong & A. Zhang, 2020. "System Architecture for Blockchain Based Transparency of Supply Chain Social Sustainability," Post-Print hal-04457147, HAL.
    26. Chunguang Bai & Joseph Sarkis, 2020. "A supply chain transparency and sustainability technology appraisal model for blockchain technology," International Journal of Production Research, Taylor & Francis Journals, vol. 58(7), pages 2142-2162, April.
    27. Xavier Vives, 2019. "Digital Disruption in Banking," Annual Review of Financial Economics, Annual Reviews, vol. 11(1), pages 243-272, December.
    28. Kamble, Sachin S. & Gunasekaran, Angappa & Sharma, Rohit, 2020. "Modeling the blockchain enabled traceability in agriculture supply chain," International Journal of Information Management, Elsevier, vol. 52(C).
    29. Jiani Wu & Nguyen Khoi Tran, 2018. "Application of Blockchain Technology in Sustainable Energy Systems: An Overview," Sustainability, MDPI, vol. 10(9), pages 1-22, August.
    30. Sun, Chenghao, 2023. "How are green finance, carbon emissions, and energy resources related in Asian sub-regions?," Resources Policy, Elsevier, vol. 83(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Thomas Puschmann & Christian Hugo Hoffmann & Valentyn Khmarskyi, 2020. "How Green FinTech Can Alleviate the Impact of Climate Change—The Case of Switzerland," Sustainability, MDPI, vol. 12(24), pages 1-30, December.
    2. Lv, Zhaojiang & Chen, Lan & Ali, Syed Ahtsham & Muda, Iskandar & Alromaihi, Abdullah & Boltayev, Jurabek Yusufovich, 2024. "Financial technologies, green technologies and natural resource nexus with sustainable development goals: Evidence from resource abundant economies using MMQR estimation," Resources Policy, Elsevier, vol. 89(C).
    3. Lin, Hsiao-Hsien & Hsu, Chao-Chun & Wu, Po-Hsuan & Shen, Chih-Chien & Chen, Gan-Hong, 2024. "Demystifying the interconnections among natural resources, fintech, green technologies, and sustainable environment in E-7 nations," Resources Policy, Elsevier, vol. 90(C).
    4. Nam Thanh Vu & Hung Quang Bui & Tuan Anh Pham & Duc Hong Vo, 2024. "Fintech development and environmental sustainability: Does income inequality matter?," Australian Economic Papers, Wiley Blackwell, vol. 63(2), pages 350-369, June.
    5. Kouhizadeh, Mahtab & Saberi, Sara & Sarkis, Joseph, 2021. "Blockchain technology and the sustainable supply chain: Theoretically exploring adoption barriers," International Journal of Production Economics, Elsevier, vol. 231(C).
    6. Kai, Zhang & Sharaf, Mohamed & Wei, Siao-Yun & Shraah, Ata Al & Le, Luan Thanh & Arvind Bedekar, Dr Abhay & Bani Ahmad, Ahmad Y.A., 2024. "Exploring the asymmetric relationship between natural resources, fintech, remittance and environmental pollution for BRICS nations: New insights from MMQR approach," Resources Policy, Elsevier, vol. 90(C).
    7. Sachin Kumar Mangla & Yiğit Kazançoğlu & Abdullah Yıldızbaşı & Cihat Öztürk & Ahmet Çalık, 2022. "A conceptual framework for blockchain‐based sustainable supply chain and evaluating implementation barriers: A case of the tea supply chain," Business Strategy and the Environment, Wiley Blackwell, vol. 31(8), pages 3693-3716, December.
    8. Adele Parmentola & Antonella Petrillo & Ilaria Tutore & Fabio De Felice, 2022. "Is blockchain able to enhance environmental sustainability? A systematic review and research agenda from the perspective of Sustainable Development Goals (SDGs)," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 194-217, January.
    9. Khan, Imran & Khan, Inayat & Ikram, Rana Muhammad Adnan & Ali, Mohammad Ajmal, 2024. "Integrating FinTech with Industry 4.0 for sustainable mineral resource management: Exploring the interplay of technology, regulation, and economic dynamics," Resources Policy, Elsevier, vol. 92(C).
    10. Li, Xuetao & Jiang, Yufen & Xin, Xing & Nassani, Abdelmohsen A. & Yang, Chengying, 2024. "The asymmetric role of natural resources, fintech and green innovations in the Chinese economy. Evidence from QARDL approach," Resources Policy, Elsevier, vol. 90(C).
    11. Pu, Ganlin & Wong, Wing-Keung & Du, Qiang & Al Shraah, Ata & Alromaihi, Abdullah & Muda, Iskandar, 2024. "Asymmetric impact of natural resources, fintech, and digital banking on climate change and environmental sustainability in BRICS countries," Resources Policy, Elsevier, vol. 91(C).
    12. Arim Park & Huan Li, 2021. "The Effect of Blockchain Technology on Supply Chain Sustainability Performances," Sustainability, MDPI, vol. 13(4), pages 1-18, February.
    13. Esther Salmerón-Manzano & Francisco Manzano-Agugliaro, 2019. "The Role of Smart Contracts in Sustainability: Worldwide Research Trends," Sustainability, MDPI, vol. 11(11), pages 1-16, May.
    14. Li, Taoying & Peng, Mengyin & Zhang, Jianjiang & Zheng, Long & Chen, Qiang, 2024. "Legal environment and natural resource dependence: The role of fintech and green innovation in China," Resources Policy, Elsevier, vol. 90(C).
    15. Xue Han & Pratibha Rani, 2022. "RETRACTED ARTICLE: Evaluate the barriers of blockchain technology adoption in sustainable supply chain management in the manufacturing sector using a novel Pythagorean fuzzy-CRITIC-CoCoSo approach," Operations Management Research, Springer, vol. 15(3), pages 725-742, December.
    16. Soumya Choudhury & Parvathi Jayaprakash & S. Srinivas & S. Sowmya & Tarun Shah & R. Abinaya, 2023. "A blockchain platform for the truck freight marketplace in India," Operations Management Research, Springer, vol. 16(2), pages 684-704, June.
    17. Bai, Chunguang & Sarkis, Joseph, 2022. "A critical review of formal analytical modeling for blockchain technology in production, operations, and supply chains: Harnessing progress for future potential," International Journal of Production Economics, Elsevier, vol. 250(C).
    18. Feng, Haiyan & Li, Yan, 2024. "The role of fintech, natural resources, environmental taxes and urbanization on environmental sustainability: Evidence from the novel panel data approaches," Resources Policy, Elsevier, vol. 92(C).
    19. Leng, Chunyu & Wei, Siao-Yun & Al-Abyadh, Mohammed Hasan Ali & Halteh, Khaled & Bauetdinov, Majit & Le, Luan Thanh & Alzoubi, Haitham M., 2024. "An empirical assessment of the effect of natural resources and financial technologies on sustainable development in resource abundant developing countries: Evidence using MMQR estimation," Resources Policy, Elsevier, vol. 89(C).
    20. Leng, Jiewu & Ruan, Guolei & Jiang, Pingyu & Xu, Kailin & Liu, Qiang & Zhou, Xueliang & Liu, Chao, 2020. "Blockchain-empowered sustainable manufacturing and product lifecycle management in industry 4.0: A survey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 132(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:corsem:v:31:y:2024:i:4:p:2823-2837. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1002/(ISSN)1535-3966 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.