Suchergebnisse

The article provides information on the latest developments in the field of building sustainable finance standards as an integral element of the sustainable development model. The rapid growth of responsible investment naturally created a demand for the formation of principles and standards both for responsible investors themselves and for corporations wishing to attract responsible investments. The development of standards, norms and rules that ensure the effectiveness of responsible investments is carried out in close cooperation with international financial organizations, associations of market participants and regulators. The article presents a general picture of this process, including information about its main participants, their most important decisions and achievements in the field of implementing the concept of sustainable finance. It is divided into 4 blocks. The first block talks about the rules and regulations for responsible investment, including the requirements developed by such investors in relation to themselves. The second block briefly describes the process of standardizing the disclosure of non-financial information and the problems of ensuring its reliability. The standards for disclosure and confirmation of the reliability of information about the adherence of corporations to the principles of sustainable development create the basis for the formation of long-term trust, which is a prerequisite for the functioning of the sustainable development model. The third block briefly describes the styles of responsible investing and the trends in their application. The fourth block is devoted to proposals and projects for central banks to change their monetary policy in order to stimulate responsible investment. The article is aimed at the widest range of readers interested in the problems of responsible investment, focusing on the most important documents in this area developed abroad in recent years.

The concept of socially responsible investment (SRI), which states that pension funds should not only get a good return on their investment but also use their influence over companies to increase social and economic welfare, has gained ground in the past decade. This article provides an overview of European pension funds and SRI, focusing on the implications for trade unions. It describes the European pension fund landscape, surveys national and international SRI initiatives and looks at SRI policies among the largest European pension funds. For trade unions, the current state of SRI raises important questions: (i) how can the monitoring of company behaviour be improved, particularly in areas of core concern for trade unions and their members; (ii) how can SRI 'best practice' be diffused to more pension funds and to other types of financial investors; and (iii) to what extent is there a conflict between SRI and maximizing financial returns and, if there is a conflict, how can this conflict be resolved? The article discusses these problems and possible solutions.