Page 377 - Ebook HTKH 2024

Perception of Green Finance Benefits: The perception of green finance benefits is
a crucial driver for its adoption. Companies that recognize the positive impacts of green

finance on their operations and the environment are more likely to implement these
practices. This finding underscores the importance of raising awareness and educating
companies about the tangible benefits of green finance.
Transition strategies: Current transition strategies appear to act as barriers rather
than facilitators. The negative coefficient associated with transition strategies suggests
that companies find these frameworks cumbersome and misaligned with their
operational realities. Simplifying and aligning these strategies with the practical needs
of companies could significantly enhance green finance adoption.

Operation time: Companies with longer operational histories are more inclined to
adopt green finance practices. This relationship highlights the role of experience and
stability in facilitating the integration of sustainable financial practices. Established
processes, financial stability, and accumulated knowledge contribute to this trend.
Non-significant variables: Several variables, including legal frameworks,
subsidies, incentives, taxes, and company size, were found to be non-significant in this

model. This suggests that other factors may be more influential in driving green finance
adoption among construction companies.
Recommendations:
Enhancing awareness and education: Policymakers and industry associations
should launch information campaigns to educate construction companies about the
benefits of green finance. These campaigns should include case studies, success stories,
and data showcasing the positive impacts of green finance on company performance and

environmental sustainability. Organizing workshops and training sessions to provide
practical knowledge on implementing green finance practices can further enhance
understanding. Additionally, partnerships with universities and research institutions to
develop educational programs focused on green finance and sustainable construction
will help build a knowledgeable workforce equipped to drive green finance initiatives.
Revising transition strategies: Engaging with construction companies, industry

experts, and other stakeholders to gather insights on the challenges faced during the
transition to green finance is crucial. This feedback can be used to revise existing
strategies and frameworks. Developing simplified and practical guidelines that are easy
for companies to understand and implement, and introducing incentives for companies
that successfully implement green finance practices, will encourage compliance and
adoption.
Leveraging experience: Establishing mentorship programs where experienced
companies can guide and support newer firms in adopting green finance practices will

facilitate knowledge transfer and help newer companies integrate sustainable practices
more effectively. Creating online platforms or forums where companies can share best
practices, discuss challenges, and collaborate on green finance initiatives will foster a
community of practice around green finance.

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