Chapter 8

Sustainable alternate finance market

Anna Spoz, Piotr Niedzielski and Sylwia Henhappel


The first part of the chapter presents the concept of sustainable finance. Then, the structure of the alternative finance market is characterized, pointing out the importance of crowdfunding. Based on a critical analysis of the literature and the authors’ own research, the relationship between crowdfunding and the concept of sustainable finance is presented. In the final section of this chapter, crowdfunding is discussed as an innovation.

The concept of sustainable finance

Most often, sustainable finance is defined as any form of finance that integrates environmental, social and corporate governance (ESG) criteria into the decision-making ...

Get Finance and Sustainable Development now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.