Sustainability-oriented clustering of Ukrainian regions in the context of green finance instruments
DOI:
https://doi.org/10.56652/ejmss2025.1-2.4Keywords:
ESG risks, sustainability-oriented clustering, green bonds, Ukrainian regions, cluster analysisAbstract
This article examines the distribution of environmental, social, and governance (ESG) risks across Ukrainian regions amid ongoing structural challenges and war-related disruptions. By applying a cluster analysis of ESG indicators, the study identifies three distinct groups of regions, low-, medium-, and high-risk clusters, and proposes tailored green finance instruments for each. The research problem addressed is the lack of a comprehensive framework that integrates ESG risk assessment with region-specific financial solutions. The study seeks to fill this gap by aligning green finance mechanisms with the differentiated needs of Ukrainian regions, thereby supporting sustainable recovery, institutional convergence with the European Union, and long-term resilience.
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