Keywords
ESG
Dominican Republic
Financial education
Banking
Abstract
This thesis explores the level of knowledge among Dominican citizens regarding the concept of sustainable finance, as well as their perception of the initiatives and measures implemented by financial and regulatory entities in the Dominican Republic to promote this model. Through an exhaustive literature review and an analysis of the local context, the aim is to identify the knowledge gap between the general population and the financial sector’s advancements in ESG (Environmental, Social, and Governance) matters. Key instruments (green bonds, green taxonomies, banking protocols) and actions by crucial institutions such as the Central Bank, the Superintendency of Banks, and the Association of Multiple Banks are examined. Preliminary findings suggest nascent knowledge among the population, contrasted with growing regulatory and institutional dynamism. The thesis concludes by highlighting the need to strengthen financial 3 education in sustainability to foster greater citizen participation and a more inclusive and resilient development
Key Quotes for Citation
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“In a focus group of 58 Dominicans aged 25–35, 60.3% reported having heard the term sustainable finance, yet only 37.8% defined it in a reasonably accurate way, revealing knowledge that is more claimed than real.” — De la Cruz Hernández et al. (2026), Conscious Management Journal, 4(1).
“Despite growing regulatory and institutional momentum in sustainable finance in the Dominican Republic, 72.4% of respondents knew of no institution offering sustainable financial products, suggesting that current initiatives are not reaching the general public.” — De la Cruz Hernández et al. (2026), Conscious Management Journal, 4(1).
“Information conditions demand: 56.9% would choose sustainable financial products even at a slightly lower return, provided sufficient information were available, while only 6.9% would reject them.” — De la Cruz Hernández et al. (2026), Conscious Management Journal, 4(1).
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