Home  Journals  Finance and Credit  30(606) - 2014 August

Responsible financing as a key initiative of the financial sector in practice of social responsibility and sustainable development

Available online: 7 August 2014

Subject Heading: Financial system

JEL Classification: 

Pages: 18-25

The article demonstrates the growing role of responsible financing practices in ensuring social responsibility and sustainable development, and it considers the Equator principles as one of the ways to implement fiscal initiatives aimed at the integration of the principles of responsible financing. The author defines types, ways of coping and distribution of risk-sharing mechanisms, which arise during implementation of project financing. The paper identifies the reasons that constrain the development of this kind of financing in Russia.

Keywords: social responsibility, financial institutions, project financing, responsible financing, Equator principles

References:

1. Korporativnaya sotsial'naya otvetstvennost': novaya filosofiya biznesa [Corporate social responsibility: a new business philosophy: a textbook]. Moscow, Vneshekonombank Publ., 2011, p. 15.
2. Nikonova I.A. Razvitie proektnogo finansirovaniya v Rossii [Project financing development in Russia]. Sovremennye tekhnologii upravleniya – Modern technologies of management, 2012, no. 7.
3. Savina T.N. Institut korporativnoi sotsial'noi otvetstvennosti kak innovatsionnyi sotsial'no orientirovannyi proekt [A corporate social responsibility institution as an innovative socially-oriented project]. Natsional'nye interesy: prioritety i bezopasnost' – National interests: priorities and security, 2014, no. 2, p. 42.

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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