SOSYAL SORUMLU FİNANS: KAVRAMLAR VE YAKLAŞIMLAR ÜZERİNE GÜNCEL BİR LİTERATÜR TARAMASI

Abstract

Amaç- Sosyal sorumlu finans, gittikçe büyüyen bir ilginin olduğu alan olarak karşımıza çıkmaktadır. Bu çalışmada, teoride ve pratik alanda gelişmekte olan sosyal finans alanında öne çıkan sorumlu yatırım, etki yatırımları, çevresel, sosyal ve yönetişimsel kriterlere uygun yatırımlar gibi konuların ayrımını yapmak, kavram ve yaklaşımları araştırmak amaçlanmıştır.

Yöntem- Güncel bir literatür taraması yapılarak, ilgili alanda yayınlanmış akademik çalışmalar ve raporlar incelenmiştir.

Bulgular- Sosyal finans, halen gelişimini sürdüren ve büyümekte olan bir sahadır. Çeşitli uluslararası örgütlerin küresel ve bölgesel düzeyde öncül çalışmalar yaptığı belirlenmiştir. Yakın zamanda kavramsal çerçeve gelişirken, sosyal finansta en önemli gelişmenin olduğu alan, sosyal etki yatırımları olmuştur.

Sonuç- Özellikle küresel finansal krizden sonra, getiri maksimizasyonu ve bireylerin servetinin artırılmasını hedefleyen finans, pek çok eleştiriye uğramıştır. Bireysel getiriden ziyade, toplumsal etki, sürdürülebilirlik ve kurumsal yönetişimi önceleyen bir finansal anlayışın hem teorik alanda hem de uygulamada gelişmekte olduğu görülmektedir. Bu bağlamda, farklı sosyal ihtiyaçlara hitap eden yeni yaklaşımların ve yeni ürünlerin tasarlanmasına, düzenlemelerin geliştirilmesine ihtiyaç vardır.

Keywords

• ÇSY kriterleri,etki yatırımları,sosyal sorumlu finans,sosyal sorumlu yatırım

SOCIALLY RESPONSIBLE FINANCE: A CURRENT LITERATURE SURVEY ON THE CONCEPTS AND THE APPROACHES

Abstract

Purpose - Socially responsible finance has emerged as a growing area of interest. In this study, the objective is to distinguish the concepts such as responsible investing, impact investments, environmental, social and governance criteria investments and to discuss the recent approaches.

Methodology – We surveyed the current literature by reviewing published academic studies and reports.

Findings- Social finance is still growing and developing. Various international organizations and networks have proceeded pioneering works. While the conceptual framework has been growing recently, social impact investments have been the area in which the most important developments occurred.

Conclusion- In the wake of the Global Financial Crisis, finance, which aims to maximize return and individual wealth, is criticized severely. A perception, that prioritizes social impact, sustainability and corporate governance rather than individual benefit, has been advancing theoretically and practically. In this context, it is required to design new approaches and new financial instruments, which address various social needs. Furthermore, new regulations should be adopted.

Keywords

• ESG criteria,impact investments,social finance,socially responsible investing

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