SOCIAL FINANCE TAXONOMY IN TRANSITION TOWARDS A MORE SUSTAINABLE ECONOMY

2019 ◽  
Vol 6 ◽  
pp. 542
Author(s):  
Iryna Vasylchuk ◽  
Kateryna Slyusarenko ◽  
Inta Kotane
Keyword(s):  
Social Impact ◽  
Social Enterprises ◽  
The European Union ◽  
Social Investment ◽  
The Sustainable Development ◽  
The Social ◽  
Sustainable Economy ◽  
Theoretical Generalization ◽  
Development Goals

The successful development of a sustainable economy and society in together with the Sustainable Development Goals (SDG-2030) requires comprehensive and coordinated efforts of governments, businesses and civil society in order to establish unified and clear rules and regulations for economic activity. In order to reach this goal the European Union begun the development of EU sustainability taxonomy, which is to ensure an equal understanding of the content of activities of enterprises, projects and investments that meet sustainability criteria. So as to realize the potential of the market for social investments and loans, unification of approaches for understanding the main concepts of the social financing process is necessary. The purpose of the study is to develop proposals for the classification of subjects and objects of the subsystem of social finance consistent with sustainability taxonomy. The research applies methods of induction and deduction, scientific abstraction of theoretical generalization and comparative analysis while studying definitions, best practices of social investment and for developing the classification of social impact investments and social enterprises. The article provides coherent analysis of the formation of social entrepreneurship and finance in Ukraine. Based on the results of the study, the most relevant classification features of social enterprises and investments were developed and recommendations were made for integrating social finance taxonomy into sustainability taxonomy. The results of the research are of both theoretical and practical value. 

scholarly journals International Expansion of Social Enterprises as a Catalyst for Scaling up Social Impact across Borders

2020 ◽  
Vol 12 (8) ◽  
pp. 3262 ◽  
Author(s):  
Ignacio Bretos ◽  
Millán Díaz-Foncea ◽  
Carmen Marcuello
Keyword(s):  
Social Impact ◽  
Social Enterprises ◽  
Local Context ◽  
International Expansion ◽  
The Sustainable Development ◽  
International Scale ◽  
Multiple Case ◽  
Development Goals ◽  
National Boundaries

Scaling social impact and solutions beyond the local context is argued to embody a key mechanism for social enterprises (SEs) to contribute to the achievement of the sustainable development goals (SDGs) and to generate welfare-enhancing systemic change. In light of this, this article explores the potential of SE international expansion as a catalyst for scaling social impact across borders. From our reading of the literature, we discern three major typologies of cross-border scaling: Control-based, altruism-based, and hybrid. Drawing on a multiple-case study of nine international SEs, we examine why and how SEs deploy these scaling strategies on an international scale; the challenges to maximize social impact across borders associated with each of the scaling strategies, and the resources and actions that SEs can mobilize to manage such challenges associated with international expansion. Contrary to conventional wisdom and mainstream theory depicting SEs as small-sized organizations that suffer from different limitations to expand beyond their traditional national boundaries, our findings illustrate how these organizations can successfully operate on an international scale and simultaneously generate financial, social, and environmental value.

scholarly journals Role of the Universities as Drivers of Social Innovation

2021 ◽  
Vol 13 (24) ◽  
pp. 13727
Author(s):  
Cristina Puente ◽  
María Eugenia Fabra ◽  
Cindy Mason ◽  
Cristina Puente-Rueda ◽  
Maria Ana Sáenz-Nuño ◽  
...  
Keyword(s):  
Service Learning ◽  
Social Impact ◽  
Social Innovation ◽  
Implementation Process ◽  
Degree Programs ◽  
The Sustainable Development ◽  
The Social ◽  
Development Goals ◽  
The University

The role of universities as drivers of good practices and learning has changed radically in recent years. The strategic plan of the Comillas Pontifical University establishes the obligation of a learning and service subject in all degree programs as a way to put what has been learned during the university years at the service of society and as a vehicle for promoting the Sustainable Development Goals set by the 2030 Agenda. In this article we will present the theoretical framework on which the project has been developed, including the university context in which it fits, to analyze the process of design and implementation of a service-learning course in engineering degrees, selecting as case studies two examples of projects in which the social impact was high. As conclusions we will present the strengths and weaknesses of the implementation process, as well as the students’ learning based on their experiences.

scholarly journals Realization of the Aims of Sustainable Development in “Strategy for the Social and Economic Growth of Eastern Poland by 2020”

2014 ◽  
Vol 5 (1) ◽  
pp. 43-60
Author(s):  
Anna Busłowska
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Sustainable Development ◽  
Statistical Data ◽  
Social Economic ◽  
The European Union ◽  
The Sustainable Development ◽  
The Social ◽  
Development Goals ◽  
The Eu

The realization of the idea of the sustainable development is a direction of development of many countries in the world, also in the European Union. It is possible to find examples of such action in the structural policy conducted by the  EU. It is directed at deliberate and intentional activity of the official authority  aiming at the harmonious development of EU regions. In particular it is regarding eastern regions of Poland which are reporting wide financial support from the budget of the European Union for social, economic and ecological growth. Particular directions of that growth contains “Strategy for the social and economic       growth of Eastern Poland by 2020”. The purpose of this article is to evaluate (using       available statistical data) the implementation of development goals in eastern  Polish regions contained in the Strategy in the context of sustainable development.    

scholarly journals CHALLENGES AND OPPORTUNITIES FOR SOCIAL ENTERPRISES

2020 ◽  
Vol 2 (1) ◽  
pp. 55-61
Author(s):  
Mariela Bogdanova
Keyword(s):  
Social Impact ◽  
Social Economy ◽  
Social Enterprises ◽  
Added Value ◽  
Vulnerable Groups ◽  
The European Union ◽  
Solidarity Economy ◽  
Social Vision ◽  
The Social ◽  
Challenges And Opportunities

The current topic focuses on the new social vision and challenges after the adoption of legislation on the social and solidarity economy in Bulgaria, as well as on the opportunities for access to financing and institutional support for social enterprises. The progress made is seen in a broader perspective, including not only statistics on the number of social enterprises self-identified, but also proven social added value and entered in the Register of social enterprises. Tracking the challenges is in the context of the process and the employment and human resources options and the provision of a supportive environment for the sustainable development of social enterprises. Although 2019 has emerged as a strong startup community, we still don’t have startups for social entrepreneurship. This, of course, does not mean that Bulgaria lacks successful models of social enterprises that provide employment for persons from different vulnerable groups and answer questions related to the social impact and benefits of applying the principles of the social economy. The European Union today, more than ever, emphasizes its new social vision, based on opportunity and solidarity.

Social Investment as a Policy Platform

2017 ◽  
Author(s):  
Frank Vandenbroucke
Keyword(s):  
Social World ◽  
The European Union ◽  
Social Investment ◽  
Education Spending ◽  
Overlapping Consensus ◽  
Member States ◽  
Policy Perspective ◽  
The Social ◽  
Broad Consensus ◽  
The Eu

This contribution argues for a truly reciprocal social investment pact for Europe: member states should be committed to policies that respond to the need for social investment; simultaneously, member states’ efforts in this direction—notably efforts by those in a difficult budgetary context—should be supported in a tangible way. Social investment is a policy perspective that should be based on a broad consensus between people who may entertain certain disagreements regarding the level of their empirical and/or normative understanding of the social world. For that reason, the expression of an ‘overlapping consensus’ is used for delineating social investment advocacy. Data on education spending show that we are far removed from a social investment perspective at the European Union (EU) level. This underscores the fact that social investment advocates need to clearly consider the role the EU has to play in social investment progress.

scholarly journals Toward Sociocultural Indicators of Sustainable Healthy Diets

2021 ◽  
Vol 13 (13) ◽  
pp. 7226
Author(s):  
Jill Nicholls ◽  
Adam Drewnowski
Keyword(s):  
Sustainable Development ◽  
Food Systems ◽  
Research Priorities ◽  
Social Dimension ◽  
The Sustainable Development ◽  
Four Dimensions ◽  
Sustainable Diets ◽  
The Social ◽  
Healthy Diets ◽  
Development Goals

Balancing the social, economic and environmental priorities for public health is at the core of the United Nations (UN) approaches to sustainable development, including the Sustainable Development Goals (SDGs). The four dimensions of sustainable diets are often presented as health, society, economics, and the environment. Although sustainable diet research has focused on health and the environment, the social and economic dimensions of sustainable diets and food systems should not be forgotten. Some research priorities and sociocultural indicators for sustainable healthy diets and food systems are outlined in this report. The present goal is to improve integration of the social dimension into research on food and nutrition security.

scholarly journals United Nations' sustainable development goals review: Dual analysis of Romania and Denmark

2020 ◽  
Vol 67 (4) ◽  
pp. 1309-1336
Author(s):  
Vlad Turcea
Keyword(s):  
European Union ◽  
Sustainable Development ◽  
United Nations ◽  
Sustainable Development Goals ◽  
Action Plan ◽  
Investment Behavior ◽  
The European Union ◽  
The Sustainable Development ◽  
Dual Analysis ◽  
Development Goals

The present paper aims to highlight the discrepancies between two countries of the European Union, Romania and Denmark, in the perspective of the Sustainable Development Goals. As Denmark is seen as a primer European and Global nation in achieving the United Nations' targets, Romania can use this example as a guideline on how to act and to obtain the most notable results. The article proposes some key principles that Romanians could follow in order to successfully fulfill the 2030 Action Plan having, as an example, the strategies and indicators reached by Denmark. The current work paper is structured as a review of the two reports that voluntarily summarize the situation of the Sustainable Development Goals in each state, followed by a statistical analysis of investment behavior and concluded with an analysis of the most notable differences between the states based on the dataset published by Eurostat.

scholarly journals APPROACH TO SOCIAL ENTREPRENEURSHIP IN SLOVENIA

2017 ◽  
Vol 5 ◽  
pp. 62-66
Author(s):  
Barbara Bradač Hojnik
Keyword(s):  
European Union ◽  
Social Entrepreneurship ◽  
Social Enterprise ◽  
Social Enterprises ◽  
The European Union ◽  
Member States ◽  
The Social ◽  
Further Development ◽  
Formal Status ◽  
Financial Environment

In this paper, social entrepreneurship as a developing type of entrepreneurship is analyzed. On the level of the European Union (EU), social entrepreneurship is widely supported by different initiatives which aim to develop a suitable legal, administrative, and financial environment for social enterprises, but also allowing member states to regulate them individually. This paper focuses on the social entrepreneurship in Slovenia, where it is strictly shaped by the legislation. Consequently, social enterprises need to meet the legislation’s requirements which hinder their quantity and development. Additionally, the scope of social enterprises is narrowed to those companies that received the formal status of social enterprise. In the paper provided will be the data on social enterprises in Slovenia with some recommendation for further development of the framework for social entrepreneurship in the country.

scholarly journals A Framework for Assessing the Social and Economic Impact of Sustainable Investments

2016 ◽  
Vol 7 (3) ◽  
pp. 79-86 ◽  
Author(s):  
Minna Räikkönen ◽  
Susanna Kunttu ◽  
Teuvo Uusitalo ◽  
Josu Takala ◽  
Shah Rukh Shakeel ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Case Studies ◽  
Affordable Housing ◽  
Social Impact ◽  
The Sustainable Development ◽  
The Social ◽  
New Construction ◽  
Long Term Impact ◽  
Sustainable Investments

Abstract Investments towards sustainable development are vital for the future and they must be carefully planned to deliver immediate and long-term benefits. Hence, the ability to communicate the forms of impact of sustainable investments to local societies, people, investors and other stakeholders can provide a competitive advantage. However, the assessments are often under pressure to demonstrate short-term effects rather than emphasise the long-term impact. In addition, indirect and intangible forms of impacts should not be measured solely in economic terms. This paper proposes an assessment framework to support the integrated economic and social impact assessment of sustainable investments aimed at improving physical and socio-economic wellbeing. The framework is demonstrated in two case studies: new construction and renovation investments in affordable housing and social impact investment in sustainable development. The investments in the case studies are evaluated, selected and prioritized not only in terms of money but also with regard to sustainability, social acceptability and their overall impact on society, as a whole. The results indicate that a systematic integrated assessment of monetary and non-monetary factors can be successfully combined with the sustainable development decisions.

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