ISSN (Print): 2395-1737

International Journal of Academic Research & Development

Published by Bharti Publications, Established-2015

Research

The Environment Social & Governance Imperative: Reshaping Growth in Business

Dr. Shalu Mahajan*

* Corresponding author

DOI: 10.70381/23951737.v11.n1.2025.5

Abstract

Digitalization, the process of integrating digital technologies into business models, has become a crucial driver of innovation and growth. It contributes to the optimization of business operations, fosters enhanced productivity, and unlocks new avenues for revenue generation and value creation. The research underscores the transformative potential of digitalization, FinTech, green finance, and ethical business practices for promoting sustainable business growth in developing countries. By leveraging digital technologies and aligning business practices with sustainability principles, businesses can unlock new opportunities for growth, resilience, and long-term success. The research utilized the Web of Knowledge database to analyze 325 research articles to investigate the interrelationship of sustainability, digital finance and business practices. This research study employed a rigorous multi-stage filtering process to select relevant publications. The process involved Discipline Specificity, Language Restriction. Only English-language articles were included. Further, a thorough review of Title, Abstract, and Keyword Screening was conducted for relevance. For the purpose of quality assurance, only articles published in journals ranked by the Australian Business Deans Council (ABDC) or included in the Australian Business Schools Research (ABSR) rankings were selected. The present study undertook a review to understand how digital finance contributes to sustainable business practices. The analysis revealed four themes in the literature including financial technology and innovation, financial stability; Sustainability and Governance; Social, Blockchain; and Consumption, transition. The study suggest that Fintech innovations offer substantial advantages for environmental, social, and governance goals. Sustainable business practices can foster customer loyalty and create a competitive advantage. Financial stability, transition, and sustainability are identified as crucial indicators of sustainable business growth. The insights from this study will furnish guidance for policymakers, governments, and marketers in developing strategies to promote broader participation in the financial system. This will enable in creating an ecosystem that encourages digital inclusion, sustainability, and ethical practices, ultimately fostering a global economy that is more sustainable and inclusive.

Keywords: Sustainable Business Practices, Governance, Financial Technologies, Digital Finance, Sustainable Development