UREDBA O OBJAVAMA POVEZANIM S ODRŽIVOSTI U SEKTORU FINANCIJSKIH USLUGA I NJEN UTJECAJ NA POSLOVANJE INSTITUCIONALNIH INVESTITORA U REPUBLICI HRVATSKOJ

master's thesis

• Title (english): REGULATION ON ANNOUNCEMENTS RELATED TO SUSTAINABILITY IN THE FINANCIAL SERVICES SECTOR AND ITS IMPACT ON THE OPERATIONS OF INSTITUTIONAL INVESTORS IN THE REPUBLIC OF CROATIA
• Author: Nika Mravak
• Mentor: Jakša Krišto (mentor)
• Committee member: Ana Ivanišević Hernaus (predsjednik povjerenstva)
• Committee member: Martina Nakić (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Finance); Zagreb
• Defense date and country: 2021-09-21, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Finance

Abstract

Financijske institucije kao primarno ekonomski entiteti sve više poprimaju obilježja i društvenog entiteta, te imaju iznimno bitan utjecaj na financijsko tržište, ali i na društvenu zajednicu u kojoj djeluje. Održivo financiranje je ključni koncept mobilizacije kapitala potrebnog za realizaciju „zelenih ciljeva“ koje je Europska unija preuzela vezano uz ispunjavanje klimatskih, socijalnih i upravljačkih ciljeva održivosti. Sve se više poduzeća okreće društveno odgovornijem poslovanju, primarno u okviru SFDR uredbe (Uredba o objavama povezanim s održivosti sektora financijskih usluga) s fokusom na zaštitu okoliša, socijalne politike i kvalitetu korporativnog upravljanja. Navedenom Uredbom 2019/2088 se za sudionike na financijskom tržištu propisale obveze objava povezanih s održivosti, a svrha tih objava je omogućiti i olakšati ulagateljima donošenje odluka o društveno odgovornom ulaganju. Aktualnost ove teme leži u činjenici da institucionalni investitori posluju u izuzetno promjenjivoj okolini i sve većim očekivanjima kupaca i dioničara u pogledu „vraćanja duga zajednici“.
Cilj ovog rada je približiti i objasniti kriterije za očuvanje okoliša, socijalnu odgovornost i upravljanje te prikazati utjecaj SFDR uredbe na poslovanje institucionalnih investitora globalno, kao i utjecaj na hrvatsko tržište. Veličina i važnost institucionalnih investitora povećava konkurentnost i efikasnost u financijskom sustavu. Pitanje je kako će nove promjene kao što su kriteriji održivosti utjecati na poslovanje institucionalnih investitora.

Abstract (english)

Financial companies, as primarily economic entities, are increasingly taking on the characteristics of a social entity, and have an extremely important impact on the market, but also on the social community in which it operates. Sustainable financing is a key concept in mobilizing the capital needed to achieve the „green goals“ undertaken by the European Union in meeting the climate, social and governance goals of sustainability. More and more companies are turning to more socially responsible business, primarily under the SFDR Regulation (Regulation on Disclosures Related to the Sustainability of the Financial Services Sector) with a focus on environmental protection, social policy and the quality of corporate governance. Regulation 2019/2088 imposes obligations on financial market participants for sustainability related disclosures, and the purpose of these disclosures is to enable and facilitate investors investment decisions and prevent the risk of greenwashing. The relevance of this topic lies in the fact that institutional investors operate in an extremely changing environment and the growing expectations of customers and shareholders in terms of „repaying debt to the community“.
The aim of this paper is to approximate and explain the criteria for environmental protection, social responsibility and management, and to show the impact of the SFDR regulation on the operations of institutional investors globally, as well as the impact on the Croatian market. Institutional investors size and importance increases competitiveness and efficiency in the financial system. The question is how new changes such as sustainability criteria will affect institutional investors and their business. Extremely challenging operations of financial institutions and adaptation to new market requirements are expected.

• Keywords: SFDR; Uredba 2019/2088; održivost; institucionalni investitori; sektor financijskih usluga
• Keywords (english): SFDR; Regulation 2019/2088; sustainability; institutional investors; financial market
• Language: croatian
• URN:NBN: urn:nbn:hr:148:920250
• Study programme: Title: Business Economics; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to students and staff of home institution
• Created on: 2021-09-21 12:17:21