Green crowdfunding and its place in the development of the ESG institute in Russia
The history of banks' involvement in solving the issues of sustainable development of the society is, on the one hand, short by the standards of economic history, and on the other hand, bright and ambiguous. This is explained by the strategic goal of the banking institution functioning - ensuri...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2023-01-01
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| Series: | E3S Web of Conferences |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/97/e3sconf_bft2023_03010.pdf |
| _version_ | 1797345155321167872 |
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| author | Daroshka Vitali Aleksandrov Igor Trushkin Vyacheslav Chekhovskikh Irina Terentyev Alexey Ol Ekaterina |
| author_facet | Daroshka Vitali Aleksandrov Igor Trushkin Vyacheslav Chekhovskikh Irina Terentyev Alexey Ol Ekaterina |
| author_sort | Daroshka Vitali |
| collection | DOAJ |
| description | The history of banks' involvement in solving the issues of sustainable development of the society is, on the one hand, short by the standards of economic history, and on the other hand, bright and ambiguous. This is explained by the strategic goal of the banking institution functioning - ensuring a stable turnover of financial resources in the socio-economic system of the country and building up financial capital. It is the latter component that caused the interest of the market and state regulators in the possibility of attracting banks' capital to finance so-called "green projects" aimed at solving local or global environmental problems of mankind. Today, the strategic agenda of more and more banks includes various elements of ESG-methodology of responsible corporate behavior, implemented in the form of corporate social policy (mainly focused on the bank's staff and its clients) and a portfolio of "green investments" - a group of projects that are mainly socially-oriented or infrastructural in nature. The purpose of such responsible investment is both to solve specific socially or environmentally important tasks and to strengthen the market position of the bank-investor itself, which forms a positive image in the eyes of its key stakeholders and improves the rating position of investment attractiveness both domestically and in international rankings compiled by reputable analytical agencies, such as S&P, Moody's Investors, and Fitch Ratings. |
| first_indexed | 2024-03-08T11:14:21Z |
| format | Article |
| id | doaj.art-6e445df8a49443e0b35c03766a04496d |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-03-08T11:14:21Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-6e445df8a49443e0b35c03766a04496d2024-01-26T10:38:31ZengEDP SciencesE3S Web of Conferences2267-12422023-01-014600301010.1051/e3sconf/202346003010e3sconf_bft2023_03010Green crowdfunding and its place in the development of the ESG institute in RussiaDaroshka Vitali0Aleksandrov Igor1Trushkin Vyacheslav2Chekhovskikh Irina3Terentyev Alexey4Ol Ekaterina5Belarusian Trade and Economic University of Consumer CooperativesPeter the Great St. Petersburg Polytechnic UniversitySt. Petersburg State University of Veterinary MedicineSt. Petersburg State University of Veterinary MedicineSt. Petersburg State Agrarian UniversitySt. Petersburg State Agrarian UniversityThe history of banks' involvement in solving the issues of sustainable development of the society is, on the one hand, short by the standards of economic history, and on the other hand, bright and ambiguous. This is explained by the strategic goal of the banking institution functioning - ensuring a stable turnover of financial resources in the socio-economic system of the country and building up financial capital. It is the latter component that caused the interest of the market and state regulators in the possibility of attracting banks' capital to finance so-called "green projects" aimed at solving local or global environmental problems of mankind. Today, the strategic agenda of more and more banks includes various elements of ESG-methodology of responsible corporate behavior, implemented in the form of corporate social policy (mainly focused on the bank's staff and its clients) and a portfolio of "green investments" - a group of projects that are mainly socially-oriented or infrastructural in nature. The purpose of such responsible investment is both to solve specific socially or environmentally important tasks and to strengthen the market position of the bank-investor itself, which forms a positive image in the eyes of its key stakeholders and improves the rating position of investment attractiveness both domestically and in international rankings compiled by reputable analytical agencies, such as S&P, Moody's Investors, and Fitch Ratings.https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/97/e3sconf_bft2023_03010.pdf |
| spellingShingle | Daroshka Vitali Aleksandrov Igor Trushkin Vyacheslav Chekhovskikh Irina Terentyev Alexey Ol Ekaterina Green crowdfunding and its place in the development of the ESG institute in Russia E3S Web of Conferences |
| title | Green crowdfunding and its place in the development of the ESG institute in Russia |
| title_full | Green crowdfunding and its place in the development of the ESG institute in Russia |
| title_fullStr | Green crowdfunding and its place in the development of the ESG institute in Russia |
| title_full_unstemmed | Green crowdfunding and its place in the development of the ESG institute in Russia |
| title_short | Green crowdfunding and its place in the development of the ESG institute in Russia |
| title_sort | green crowdfunding and its place in the development of the esg institute in russia |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/97/e3sconf_bft2023_03010.pdf |
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