SOSYAL SORUMLU YATIRIMDAN ETKİ YATIRIMLARINA: SOSYAL FİNANSTA GÜNCEL GELİŞMELER

Year 2018, , 385 - 394, 30.12.2018

Narman Kuzucu

https://doi.org/10.17261/Pressacademia.2018.1005

Abstract

Amaç- Sosyal sorumlu finans, gittikçe büyüyen bir ilginin olduğu alan olarak karşımıza çıkmaktadır. Bu çalışmada, halen hızlı bir gelişim içerisinde olan sosyal sorumlu yatırımlar ve etki yatırımlarının kavramsal çerçevesini ortaya koymak, bu alanlarda öne çıkan güncel yaklaşımları tartışmak amaçlanmıştır.

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

Bulgular- Sosyal sorumlu yatırımların gelişimine öncülük etmek için pek çok sivil kuruluşla birlikte, çeşitli uluslararası örgütlerin küresel düzeyde çalışmalar yaptığı belirlenmiştir. Yakın zamanda kavramsal çerçeve gelişirken, en çok gelişmelerin olduğu alan, sosyal etkinin ölçülmesi metodolojisi olmuştur.

Sonuç- Bireysel faydadan ziyade, toplumsal etki, sürdürülebilirlik ve kurumsal yönetişimi önceleyen bir finansal anlayışın hem teorik alanda hem de uygulamada gelişmekte olduğu görülmektedir. Buna paralel olarak, farklı sosyal ihtiyaçlara hitap eden yeni yaklaşımların ve yeni finansal araçların tasarlanmasına, düzenlemelerin geliştirilmesine ihtiyaç vardır. Tüm toplumun faydasını gözeten, çevre gibi sürdürülebilirlik konularında duyarlılık gösteren bir finans ve yatırım modelinin gelişmesi gelecek vadetmektedir.

Keywords

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

SOCIALLY RESPONSIBLE INVESTING TOWARDS IMPACT INVESTMENTS: RECENT DEVELOPMENTS IN SOCIAL FINANCE

Abstract

Purpose - Socially responsible finance has emerged as a growing area of interest. In this study, the objective is to define the conceptual framework of socially responsible investing and impact investments and to discuss the recent approaches which have become prominent.

Methodology – We discussed the current literature by reviewing published academic studies and practitioners’ reports.

Findings- We determined that various non-governmental organizations and international organizations endeavored to promote the development of socially responsible investing globally. While the conceptual framework has been growing recently, measuring social impact has been the area in which the most important developments have been seen.

Conclusion- A perception, that prioritizes social impact, sustainability and corporate governance rather than individual benefit, has been advancing theoretically and practically. Concordantly, new approaches should be designed; new financial instruments, which address various social needs, should be innovated. Moreover, new regulations should be adopted. It is promising that a financial model, which pursues the whole society’s benefit and cares about sustainability issues such as environment, is progressing.

Keywords

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

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