Artificial intelligence (AI) has become critical in advancing sustainable finance, particularly in achieving the United Nations Sustainable Development Goals (SDGs). Two main approaches have emerged: institutional AI focused on environmental, social, and governance (ESG) investing, and societal AI, which enhances financial inclusion for underbanked populations. However, fragmented governance mechanisms and regulatory frameworks have hindered progress, especially during the COVID-19 pandemic. As the global community recovers, there is a renewed focus on developing robust governance structures through multilateral and cross-sector collaborations to mitigate risks, promote sustainability, and foster innovation.