RESPONSIBLE INVESTING IN CONDITIONS OF THE GLOBAL ECONOMY SUSTAINABLE DEVELOPMENT Cover Image

ОТВЕТСТВЕННОЕ ИНВЕСТИРОВАНИЕ В УСЛОВИЯХ УСТОЙЧИВОГО РАЗВИТИЯ ГЛОБАЛЬНОЙ ЭКОНОМИКИ
RESPONSIBLE INVESTING IN CONDITIONS OF THE GLOBAL ECONOMY SUSTAINABLE DEVELOPMENT

Author(s): Anna Kharlamova, Nataliya Orlova
Subject(s): Economy
Published by: Institute of Society Transformation
Keywords: responsible investing; corporate social responsibility; sustainable development of economy; globalization

Summary/Abstract: The authors grounded and proved the necessity of responsible investment, taking into account principles of corporate social responsibility, for sustainable economic development of the country. They investigated the European strategy of corporate social responsibility development and current policy of corporate social responsibility in the Ukrainian companies. The indices, which characterize development of economy in the field of corporate social responsibility, are analyzed in the research, namely: index of competitiveness, volume of investments, volumes of crediting by the World Bank on certain directions. The authors substantiated that responsible investment is guarantee for sustainable economic development, and its volumes are increased over the past two years in developed countries. The main factors that contribute to the growth of sustainable investment are formulated as following: increased activity of banks, corporate pension funds, religious institutions and charitable organizations. The result of the research is proposition of mechanisms for the responsible investment tasks implementation on the basis of the common corporate social responsibility principles for the Western Europe, the USA, China, Russia and Ukraine. This means that responsible investing should be developed by every direction at both state and corporation levels that means to encourage disclosure of information when making investment decisions, to provide social dialogue between corporations, to publish reports on responsible investment, as well as sustainable development indicators.

  • Issue Year: 2014
  • Issue No: 03-04(1)
  • Page Range: 4-7
  • Page Count: 4
  • Language: Russian