Financial Management of Climate Change: A Mini-Review

Various business enterprises that embrace common expectations as a component of their corporate mechanisms are growing at an unprecedented rate. Increasing dependence on lifelong and sustainable practices by a company is core to the increasing interconnectedness and the business’s future value. This study seeks to explore the position of financial management in promoting sustainable business practices and development. In accordance with the assessments on different academic works, this study comes to terms that an effective financial management framework is crucial in enhancing corporate productivity while managing challenges of financial uncertainties. Further, the findings also show that allocating capital budgeting for the essence of sustainability reasons inspires competitive advantage of the firm; and that Islamic and Western financial models are impeccable sustainability strategies. The study concludes that financial management performs a core function in inspiring sustainable business practices and development.