• Ashish Kumar Research Scholar, Department of Commerce, Himachal Pradesh University, Shimla, Himachal Pradesh
  • Dr. Parkash Chandel Professor, Department of Commerce, Himachal Pradesh University, Shimla, Himachal Pradesh


Sustainability, ESG Funds, Agenda 2030, Sustainable Development


In the pursuit of global sustainable development, Environmental, Social, and Governance (ESG) funds have gained prominence as financial instruments aligned with the principles of the United Nations Agenda 2030. This literature review explores the sustainability of ESG funds with Agenda 2030, examining their role in addressing critical socio-environmental challenges. This study aims to comprehensively analyse existing research to differentiate the methodologies employed, outcomes observed, and overarching conclusions drawn regarding the effectiveness of ESG funds in advancing the Agenda 2030 goals.

A comprehensive examination of peer-reviewed articles, reports, and studies of diverse disciplines was undertaken. The outcomes of this analysis reveal the multifaceted impact of ESG funds on sustainable development. ESG funds have demonstrated the potential to direct capital towards enterprises that exhibit positive environmental practices, prioritize social equity, and uphold strong governance values. The review highlights the nuanced ways in which ESG criteria are integrated into investment decisions, influencing corporate behavior and promoting responsible business practices.

In conclusion, this literature review offers a holistic understanding of the synergetic relationship between ESG funds and Agenda 2030. It concludes that while ESG funds have shown promise in contributing to Agenda 2030 objectives, still challenges remain. Variations in ESG metrics, lack of standardized reporting, and concerns about 'greenwashing' necessitate a cautious approach. Further research and industry collaboration are essential to refine methodologies for assessing the tangible effects of ESG investments on sustainability outcomes. As the world strives to meet the ambitious targets of Agenda 2030, the role of ESG funds as catalysts for positive change warrants ongoing scrutiny and refinement. It emphasizes the potential of ESG investments to drive sustainable practices across industries while acknowledging the need for continual improvement in measurement techniques and reporting standards. The insights provided herein contribute to the broader dialogue surrounding the role of financial mechanisms in shaping a more sustainable future.


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How to Cite

Ashish Kumar, & Dr. Parkash Chandel. (2023). "SUSTAINABILITY OF ESG FUNDS TOWARDS AGENDA 2030": A LITERATURE REVIEW. International Education and Research Journal (IERJ), 9(11). Retrieved from http://ierj.in/journal/index.php/ierj/article/view/3155