Sustainable Finance as a New Financial Investment Model

• Autorzy: Ewa Dziawgo

Warianty tytułu

Zrównoważone finanse jako nowy model dla inwestycji finansowych

• Języki publikacji: EN

Abstrakty

EN

The subject of this study are legal regulations and guidelines concerning sustainable finance. The research objective is to identify the need of reshaping the process of financial assets under management. The object of the research is the overlapping processes on the financial markets between general investment based on financial efficiency and investment concerning social responsibility. The following research methods were used in the development of this article: the analysis of the literature of the subject, analysis of legal acts, desk research, observations, descriptive and comparative analysis. The main conclusion is that the current process of optionally including ESG criteria (environmental-social-governance) during investment decisions is being substituted by obligatory requirements in legal acts. As a result, the modest evolution of financial markets with regard to ESG consideration has accelerated significantly. It is to be expected that assets that also consider non-financial preferences will dominate financial markets in the future. This ongoing trend may be considered as a significant revolution in investment.

Przedmiotem opracowania są zrównoważone finanse. Celem jest wskazanie na konieczność przebudowania procesu inwestowania zarządzanych aktywów finansowych. Obiekt badań stanowią procesy dyfuzji zachodzące na współczesnym rynku finansowym pomiędzy klasycznym inwestowaniem opartym jedynie na kryteriach efektywności finansowej oraz inwestowaniem uwzględniającym odpowiedzialność społeczną. Stwierdzono, że dotychczasowy proces fakultatywnego uwzględniania kryteriów ESG (środowisko - społeczna odpowiedzialność - ład kororacyjny) w procesie podejmowania decyzji inwestycyjnych systematycznie jest zastępowany przez obligatoryjne wymogi zawarte w aktach prawnych. W rezultacie dotychczasowa powolna ewolucja rynku finansowego w zakresie uwzględniania ESG nabrała istotnego przyspieszenia. Docelowo można się spodziewać, że aktywa inwestowane z uwzględnieniem preferencji pozafinansowych będą dominować na rynku finansowym. Przebudowa ta stanowi swoistą rewolucję w inwestowaniu.

Słowa kluczowe

EN

Finance; Investing

PL

Finanse; Inwestowanie

• Czasopismo: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
• Rocznik: 2019
• Numer: nr 12 (63)
• Strony: 23--34

Twórcy

autor

Ewa Dziawgo

• Nicolaus Copernicus University in Toruń, Poland

Bibliografia

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Identyfikatory

DOI

10.15611/pn.2019.12.02