Green Finance and Corporate Sustainability: The Case of Sub‐Saharan African Countries

ABSTRACT This article empirically analyzes the impact of green finance on corporate sustainability in Sub‐Saharan Africa, based on a panel of 35 Sub‐Saharan African countries over the period 2000–2023. Using robust econometric techniques (OLS, Driscoll‐Kraay, and GMM), the study highlights a significant and positive effect of green finance on corporate sustainability. The results also show that access to electricity and human capital reinforce this sustainability, while inflation and certain foreign direct investment flows can hinder it. The study underlines the catalytic role of institutional governance, notably through the control of corruption and political stability. These results call for the structuring of green financial markets, the creation of appropriate incentives for SMEs, and better integration of ESG objectives into public policy.