Cite this article as:
Vavilina A. V., Bataeva B. S. Foreign Practice of Socio Responsible Investment. Izv. Saratov Univ., Economics. Management. Law, 2016, vol. 16, iss. 1, pp. 15-?. DOI: https://doi.org/10.18500/1994-2540-2016-16-1-15-23
Foreign Practice of Socio Responsible Investment
Introduction. In the conditions of crisis and reconsideration of the main paradigms of development, social and responsible investment becomes one of the tools capable to provide «healthy» development of world economy. In the West the socially responsible investments (SRI) are considered as the mechanism of disclosure of innovative capacity of civil society. Research was based on methodology of the system analysis. The method of analogies, the comparative, statistical and expert analysis was used.
Theoretical part. The analysis of the Russian and western literature showed existence of different approaches to definition social, the social and responsible investments (SRI). The directions of modern social and responsible investments are extensive and various and include protection of the human rights, maintenance of justice and justice, legality, strengthening of responsibility (ecological, economic, international). Types, classification of SRI funds are allocated. The SRI main methods are activity of shareholders, screening of an investment portfolio, public investment. Development and distribution of social investment is connected with understanding of that corporations have serious impact on quality of life and on the future. Growth of number of socially conscious investors well influences business practice of the companies and stimulates positive changes in society.
Analytical part. The analysis of statistical data shows the big growth of the market of socially responsible investment, by estimates of the European forum of a sustainable development (European Sustainable Investment Forums, EURO SIF) for 2014 SRI volume sharply increased. More exact information on tendencies of the SRI market is given by the analysis of participants of an initiative the Principles of responsible investment of the UN (Principles for Responsible Investment Initiative – UN PRI). Growth of the market of socially responsible investment indirectly characterizes also increase in demand from participants of the market for non-financial information. The number of institutional investors – users services of the commercial information services using non-financial information grows. Conclusion. Indicators, directly or indirectly characterize growth of socially responsible investment in the developed countries of the world. As for socially responsible investment of financial sector in Russia, it only starts being formed. In the West social investments are considered as the mechanism of disclosure of innovative capacity of civil society. In our country development of consciousness of bulk of citizens, their welfare and activity in the financial market didn’t reach yet such level when they would seek to make the investment decisions the world better.
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