Editorial: social and green finance, ESGs, good governance, and ethics to avoid corruption and fraud in business and government

• Date: 02 December 2024
• Pages: 673-675
• DOI: https://doi.org/10.1108/IJOES-11-2024-331
• Published date: 02 December 2024
• Subject Matter: Economics,Social economics
• Author: Jacob Dahl Rendtorff

Editorial: social and green f‌inance,

ESGs, good governance, and ethics to

avoid corruption and fraud in

business and government

In recent times there has been increasingfocus on sustainable development in economics and

f‌inance. Topics of good governance in f‌inance related to environmental, social and ethical

business have become essential to avoid corruption and fraud in business and government.

Even in research and teaching at the university, ethics has also become increasingly

important to combat wrongdoingand fraud by researchers and teachers.

This fourth issue of IJOES in 2024 contains articles from such different countries as

Malaysia, Indonesia, Spain, Thailand, Tunesia, and the US. We present articles on

sustainability related to social and green f‌inance, Environmental, Social and Governance

(ESGs) regarding responsible investments, theories of good governance, conditions of

research ethics and analysis of moral limits of patents. Finally, this issue contains a case-

study of fraud in businessabout the US-company of E-bay.

The topic of achieving sustainable development is a key issue of our time. But what

is the state of the art of literature? A contribution from Thailand provides a systematic

literature review of Islamic social f‌inance. The focus of the review is the UN sustainable

development goals (SDGs) that proposed to solve global social and environmental

problems to save the lives of future generations. The research looks at articles on

Islamic social f‌inance instruments and it is argued that Islamic social f‌inance is well

aligned with the SDGs and can contribute to f‌ill gaps in the effort to solve the global

crisis.

A contribution from the US looks closer into the role of societal values in f‌inance.

This article considers the limits of traditional f‌inance and addresses the challenges of

sustainability in f‌inance. With the global systemic threats to humanity, it is important to

rethink f‌inance and economic development in business and society. On this basis values-

based f‌inance proposes to address environmental and social challenges to support

market development and government policies. In contrast to traditional f‌inance,

sustainable f‌inance prioritizes the United Nations SDGs and focuses on the integration

of SDGs in f‌inance and business economics. It is important to integrate f‌inance and

sustainability to deal with the many threats to the unity and stability of global economic

systems.

The article on Islamic green f‌inance from Indonesia follows up on this effort to

combine f‌inance with sustainability and protection of the environment. The article

investigates Islamic climate f‌inance in Indonesia to determine the environment al,

economic and social dimension of Islamic green f‌inance. Based on qualitative research

this contribution combines document analysis of important publications with interviews

with representatives of important actors and stakeholders in the f‌ield of Islamic climate

f‌inance. This article demonstrates a high activity of development of sustainable and green

f‌inance in Indonesia in the different f‌inancial institutions. There is in this context also a lot

of f‌inancial initiatives to develop new projects for responsiblef‌inancial b ehavior in times

of climate challenges.

International

Journal of Ethics

and Systems

673

InternationalJournal of Ethics and

Systems

Vol.40 No. 4, 2024

pp. 673-675

© Emerald Publishing Limited

2514-9369

DOI 10.1108/IJOES-11-2024-331