Capitalis: Journal of Economic Stability, Banking, and Investment
Vol. 1 No. 1 (2026): March: Capitalis: Journal of Economic Stability, Banking, and Investment

Sustainable Finance and Green Investment Policies: A Normative Study of International Financial Standards

Anggun Wida Prawira (Universitas 17 Agustus 1945 Surabaya)
Toman Sony Tambunan (Badan Riset dan Inovasi Daerah Kota Medan)
Maiza Fikri (Institut Teknologi dan Bisnis Bina Sriwijaya Palembang)



Article Info

Publish Date
03 Mar 2026

Abstract

This study examines the normative foundations, regulatory coherence, and systemic implications of international sustainable finance standards governing green investment policies. Employing a non-empirical doctrinal and conceptual methodology, the research evaluates the internal logic, teleological orientation, and comparative divergence of sustainable finance frameworks across jurisdictions. The analysis demonstrates that contemporary regulatory reforms have progressively embedded environmental, social, and governance considerations into financial supervision and capital market governance, yet without fully resolving tensions between market efficiency, developmental policy objectives, and ethical commitments to intergenerational equity. Comparative assessment reveals fragmented implementation patterns that generate asymmetries in taxonomy design, disclosure regimes, and prudential integration, thereby limiting substantive harmonization at the global level. The findings further indicate that sustainable finance operates through overlapping rationalities risk internalization, capital allocation steering, and value-based accountability whose hierarchical relationship remains insufficiently articulated in existing standards. By advancing a structured normative benchmark grounded in long-term financial resilience and systemic stability, this study contributes to theoretical debates in economic stability, banking regulation, and sustainable investment governance.  

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Journal Info

Abbrev

capitalis

Publisher

Subject

Description

Capitalis: Journal of Economic Stability, Banking, and Investment is a peer-reviewed academic journal dedicated to publishing high-quality scholarly work in the fields of economics, banking, finance, and investment studies. The journal serves as an international platform for researchers, financial ...