Socially responsible investment: the problem of harmonization of entrepreneurship and philanthropy

Issue № 2, 2020, article № 1, pages 3-12

Section: Investment and innovation in agriculture

Language: Russian

Original language title: СОЦИАЛЬНО-ОТВЕТСТВЕННОЕ ИНВЕСТИРОВАНИЕ: ПРОБЛЕМА ГАРМОНИЗАЦИИ ПРЕДПРИНИМАТЕЛЬСТВА И ФИЛАНТРОПИИ

Keywords: «ЗЕЛЕНЫЕ» ОБЛИГАЦИИ, SOCIALLY RESPONSIBLE INVESTMENT, IMPACT INVESTMENT, INVESTORS, ENTREPRENEURIAL ACTIVITY, SOCIAL RESPONSIBILITY OF BUSINESS, SOCIAL PROBLEMS, AGRICULTURE, "GREEN" BONDS

Abstract: In Russia and in the world, the technology of socially responsible investment is gaining popularity, which provides for a significant social result along with obtaining commercial success. The historical evolution of socially responsible investment does not have a long period, but nevertheless, we can already talk about the successful experience of its approbation, the study of which will be very useful for socially oriented Russian business. The use of social investment technologies is possible by various agents of economic relations, including organizations of the agro-industrial complex, which take responsibility for solving numerous social problems in rural areas. The purpose of the article is to review the historical retrospective and analyze the current state of socially responsible investment, which proves the viability of using social investment as a tool for achieving a double result - commercial and social. The comparative analysis shows a steady increase in the number, attention and willingness of investors to financially support projects that can make positive transformations in society with measurable results and bring financial returns to the investor. The review of the global impact investment market showed a significant share of the representation of developed countries and a fairly modest place for Russia in it, but nevertheless, our country is making the first attempts to institutionalize the process of socially responsible investment as an effective way to harmonize business activities and solve social and environmental problems.

Authors: Izmailova Marina Alekseevna, Khashir Aslan Azmetovich