MAIN TRENDS AND PERSPECTIVES OF THE DEVELOPMENT OF THE REGULATORY LANDSCAPE OF RESPONSIBLE INVESTMENT IN THE WORLD

doi:10.26565/2524-2547-2023-65-09

Anna Vorontsova Sumy State University, 2, Rymskoho-Korsakova Str., Sumy, 40007, Ukraine https://orcid.org/0000-0003-0603-3869
Elizaveta Agafonova Sumy State University, 2, Rymskoho-Korsakova Str., Sumy, 40007, Ukraine https://orcid.org/0000-0001-5233-959X
Yuliia Yelnikova Sumy State University, 2, Rymskoho-Korsakova Str., Sumy, 40007, Ukraine https://orcid.org/0000-0002-8478-4716

DOI: https://doi.org/10.26565/2524-2547-2023-65-09

Keywords: Responsible Investment, ESG, Regulatory Landscape, Regulatory Instruments, Sustainable Development

Abstract

The development of the responsible investment market is an undoubted trend that has swept the world in recent years and is only gaining strength. In connection with this, the question arises of the appropriate regulatory regulation of this sector of activity, which will help ensure the transparency and efficiency of the activities of investors. This contributes to the formulation of the purpose of this study, which consists in conducting an analysis of existing trends in the regulatory regulation of responsible investments and outlining possible prospects for their development. In order to achieve the set goal, the present state of development of responsible investment is analyzed in the work in accordance with the data of the UN Principles for Responsible Investment project. The results indicate a positive growth trend in the number of regulatory instruments of responsible investment, although certain imbalances depending on the geographical region have been identified so far. This indicates an increased focus on responsible investing, with governments and other concerned regulatory bodies actively developing rules and frameworks to promote responsible investment practices. At the same time, China, Germany, Italy and Spain are the most active countries in terms of regulatory regulation of responsible investment. Analysis of the main types of regulatory instruments of responsible investment also shows their uneven development. The most common today are the mandatory instruments of disclosure of ESG information for investors, corporate disclosure of ESG information and integration of ESG information for investors. This is due to increased transparency and reporting requirements, as well as the requirements of most regulators to disclose ESG-related risks, opportunities and performance. The obtained results made it possible to confirm the assumption about the need to unify the regulatory landscape of responsible investment in the world for further progress in this sector and to achieve the Sustainable Development Goals.

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Author Biographies

Anna Vorontsova, Sumy State University, 2, Rymskoho-Korsakova Str., Sumy, 40007, Ukraine

PhD, Senior Lecturer

Elizaveta Agafonova, Sumy State University, 2, Rymskoho-Korsakova Str., Sumy, 40007, Ukraine

Student

Yuliia Yelnikova, Sumy State University, 2, Rymskoho-Korsakova Str., Sumy, 40007, Ukraine

D.Sc. (Economics), Senior Lecturer

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