Sustainable Development and Socially Responsible Investment

Устойчивое развитие и социально ответственные инвестиции

Teimuraz Vashakmadze, Zalesova, S. (Залесова, С.) () and Sergeeva, Anastasia (Сергеева, Анастасия) ()
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Zalesova, S. (Залесова, С.): Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Sergeeva, Anastasia (Сергеева, Анастасия): Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Published Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: To date, the issues related to sustainable development comes to the fore among the most researched in the world. Companies are increasingly consider ESG factors in their activities. Factors ESG issues include the environment, social responsibility and corporate governance. Focus on ESG factors in management of the organization due to the fact that the stakeholders in the regions where the organizations are very active in defending their interests. The investment community is critical because it sets the tone, indicating the direction for business development. Investment approach to business valuation takes into account social issues, environmental risks and the quality of corporate governance, called "socially responsible investment» (SRI). For asset managers SRI funds, the initial criterion for inclusion in the company's portfolio is the company's rating on ESG. SRI market is growing and has reached such proportions that it can not be ignored. Total assets according to Eurosif is 7.5 trillion euro. The emergence of new requirements forcing companies to pay attention to the factors of sustainable development and take into account ESG-factors in the strategy development and management of company value. In Russia, the issues of sustainable development and socially responsible investing very little studied, although the largest Russian companies have already begun to move in this direction. All this shows the relevance of the chosen research topic and the need to study the proposed topic. The purpose of the work is to develop conceptual frameworks of social responsible investing in Russia and offer practical recommendations for their implementation in the investment process. The work clarified the concept of "sustainable development" and "socially responsible investment". A survey of the investment community in Russia, the prospects for the development of socially responsible investment in Russia.

Keywords: sustainable development; socially responsible investment; investment community; corporate governance (search for similar items in EconPapers)
Pages: 86 pages
Date: 2015-06
New Economics Papers: this item is included in nep-cis and nep-tra
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