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An Overview of Socially Responsible Investment Practices in Modern Energy Projects
Skibska K. O., Sheverdin O. О.

Skibska, Kateryna O., and Sheverdin, Oleksandr О. (2024) “An Overview of Socially Responsible Investment Practices in Modern Energy Projects.” Business Inform 6:176–181.
https://doi.org/10.32983/2222-4459-2024-6-176-181

Section: Investment Processes

UDC 339.9

Abstract:
The aim of the article is to study the practice of socially responsible investment in modern energy projects. The article emphasizes that the global energy crisis is affecting the energy sector and affecting climate change and the environment, which is becoming more and more noticeable. A review of various examples of the practice of socially responsible investment in modern energy projects at foreign and domestic enterprises is made. It is noted that in difficult times of war and lack of electricity, one of the directions of reconstruction and saving money can be the use of socially responsible investment in energy enterprises of Ukraine. After all, Ukrainian energy enterprises operate under martial law, which causes a shortage of personnel in the labor market, as well as an environmental and material crisis. However, this, in turn, contributes to the search for new management solutions. The paper examines foreign and domestic approaches to certain elements of socially responsible investment. The following principles of the mechanism of socially responsible investment in the enterprise are allocated: purposefulness, measurability, comprehensiveness, respectability, sociality, ethicality. It is determined that socially responsible investments should take into account the principles of sustainable development, defining those aspects that are regulated in the European Sustainability Finance Reporting. Emphasis is placed on the consideration that renewable energy projects are the key to reducing the carbon footprint, mitigating climate change and ensuring a sustainable energy future. It is further emphasized that the most effective way in which investors can have a positive impact on the environment is to direct capital to companies that implement environmental practices. It is proposed to implement the experience of the Baltic States at the energy enterprises of Ukraine. This will help reduce greenhouse gas emissions and mitigate climate change, as well as allow for larger diversification of energy routes, reducing dependence on fossil fuels.

Keywords: socially responsible investment, environmental and social management, renewable energy sources, carbon footprint.

Tabl.: 1. Bibl.: 14.

Skibska Kateryna O. – Candidate of Sciences (Economics), Associate Professor, Department of Socio-Economics and Personnel Management, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]
Sheverdin Oleksandr О. – Postgraduate Student, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]

List of references in article

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