CONFERENCE
Project title in Latvian: Digitālo finanšu inovāciju loma ilgtspējīgas attīstības mērķu veicināšanā (DInnoFin)
Project title in English: The Role of Digital Finance Innovation in Promoting Sustainable Development Goals (DInnoFin)
Project No.: LU-BA-PA-2024/1-0031
Implementation period: 01.09.2024.-28.02.2026.
Funding: 200 000 EUR
Funding for UL: 26840 EUR
Project leader (scientific): Inese Mavļutova (BA School of Business and Finance)
Project leader at UL: Inna Romānova
Research group: Inna Romānova, Inese Mavļutova, Aivars Spilbergs, Andris Fomins, Jekaterina Kuzmina, Atis Verdenhofs
Project aim: The aim of this study is to investigate how digitalisation, through innovative technologies and solutions in the financial sector, contributes to the sector’s sustainable development as a whole and, in particular, to the reduction of CO₂ emissions, as well as how digital technologies facilitate the achievement of the Sustainable Development Goals (SDGs).
The study is expected to result in the development of a conceptual framework that captures the impact of both technology solutions adopted by financial service companies and processes and products based on digital and ICT innovations—including artificial intelligence technologies—on SDGs within the value chains in which financial service providers operate. The framework will also enable the assessment of the contribution of individual financial service processes or products, as well as business models, to the achievement of the SDGs. This project will focus specifically on those SDGs that relate to the achievement of climate neutrality, thereby identifying the impact of ‘green digital finance’ on climate neutrality objectives.
In developing the conceptual framework, the research team will explore the feasibility of creating a data- and expert-based system of correlation, structured according to principles grounded in CO₂ emission impact assessment across three dimensions: the direct impact of financial technologies; the impact of digital and communication technologies on financial processes and product solutions; and the degree of impact.
The project is one of the activities supported under the Recovery and Resilience Facility project ‘Internal and External Consolidation of the University of Latvia’ (No. 5.2.1.1.i.0/2/24/I/CFLA/007).