A growing interest has been paid to the green bonds and SRI funds as the instruments that help financial sustainable development. This paper, titled "Green Bonds and Socially Responsible Investments: The main theme of the “Catalysts for Sustainable Growth,” such financial instruments as stocks will be discussed.

The approach applied in this review focuses on the evaluation of secondary data collected from journals, grey literature, business news, and policies. To gather information all sorts of literature were included in the study with an intention to take view from all around the spectrum with regard to the subject. In the process of the review the main features, trends, and gaps in the existing literature were identified, and the especial attention was paid to the assessment of green bonds’ and SRI funds’ performance in terms of sustainability and financial returns.

The study findings indicate that green bonds and SRI funds remain some of the key pillars of sustainable growth with positive effects on environmental status and generous returns on investment. Green bonds in particular they have found success especially in the channeling of capital to renewable power, efficiency and other environmentally friendly projects. On the same note, SRI funds have also exemplified how investors’ financial objectives and personal ethics can be integrated, thus enhancing the flow of capital from other sustainability oriented sectors. However, several limitations have been also noted in the course of the review, such as problems connected with fake sustainability, the lack of comparable indicators of impact, and the scarcity of good-quality sustainable investments. Thereafter, this paper comes up with the following recommendations should be taken with a view to strengthening the part played by green bonds and SRI funds in facilitating sustainable advancement. . First off, it can be stated that there is a lack of adequate disclosure and comparability of environmental and social effects which makes it difficult to avoid falling under the shadow of green washing and increase investors’ trust. Second, the government and relevant authorities should adopt measures aimed at improving the conditions in which sustainable finance can operate as effectively as possible; these include incentives for green bonds issuance, the promotion of SRI funds, etc.

In conclusion, the green bonds as well as SRI funds are considered by many analysts to be the key weapons in the fight for the sustainable development of the global economy; nevertheless, the problem is that the given instruments are still in the process of developing and thus, to bring these tools to a new level, the global community must overcome some essential challenges in the sphere of sustainable finances. Thus, this paper supplements the existing discourse on the field of sustainable finance, identifies the relevant gaps in the literature, and proposes strategies for improving the effectiveness of green bonds and SRI funds in the development of sustainable initiatives.