Analiza i implementacija ekoloških, socijalnih i upravljačkih kriterija u hrvatskim financijskim institucijama

master's thesis

• Title (english): Analysis and implementation of environmental,social and governance criteria in Croatian financial institutions
• Author: Mateja Burić
• Mentor: Mihovil Anđelinović (mentor)
• Committee member: Maja Mihelja Žaja (član povjerenstva)
• Committee member: Antonija Buljan (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Finance); Zagreb
• Defense date and country: 2023-09-13, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Finance

Abstract

Čovječanstvo se danas suočava s brojnim izazovima koji proizlaze zbog zanemarivanja negativnog utjecaja ekonomskog poslovanja na okoliš i društvo. Tijekom godina, s ciljem postizanja što veće profitabilnosti, zanemarivali su se štetni utjecaji na okoliš i društvo koji rezultiraju globalnim zatopljenjem, prekomjernim onečišćenjem okoliša, smanjenom dostupnošću neobnovljivih resursa i sl. Zbog tih negativnih posljedica koje se događaju, promicanje razvoja koncepta održivosti jedini je ispravan put za cijelo društvo. Stoga je društveno odgovorno poslovanje i ulaganje postalo bitno u poslovanju svake financijske institucije. Društveno odgovorno ulaganje podrazumijeva strategiju da se prilikom donošenja odluka o ulaganju uzimaju u obzir ekološki, socijalni i upravljački kriteriji. Dakle, uz financijski povrat koji se očekuje, želi se utjecati i na nefinancijske ciljeve poput razvoja društva, smanjenja onečišćenja, prilagođavanja klimatskim promjenama ,itd. U takvom investicijskom okruženju javljaju se ESG rizici, a glavne mjere za ublažavanje istih je poslovanje u skladu sa regulativom. Kao najvažnije regulatorne odredbe su SFDR Uredba, Uredba o Taksonomiji i CSDR Uredba. Razvojem održivog ulaganja, prelaska na zeleno i podržavanjem društveno odgovornog poslovanja i ulaganja, razvijaju se zeleni financijski proizvodi. Investicijska strategija usmjerena ka održivosti, najviše je rasprostranjena u razvijenim zemljama ,u Europi i SAD-u, a glavni cilj ovog rada je prikazati implementaciju i analizu ekoloških, socijalnih i upravljačkih kriterija u hrvatskim financijskim institucijama na primjeru odabrane banke, investicijskih fondova i osiguravajućeg društva.

Abstract (english)

Humanity today faces a number of challenges arising from the neglect of the negative impact of economic activity on the environment and society. Over the years, in order to maximize profitability, the harmful environmental and social impacts resulting from global warming, excessive pollution, reduced availability of non-renewable resources, etc. have been ignored. Because of these negative consequences that occur, promoting the development of the concept of sustainable development is the only correct way for the whole society. Therefore, socially responsible business and investment has become essential in the business of every financial institution. Socially responsible investing implies a strategy to take environmental, social and governance criteria into account when making investment decisions. So, along with the financial returns that are expected, we want to impact non-financial goals like social development, reducing pollution, adapting to climate change, etc. In such an investment environment, ESG risks arise, and the main measures to mitigate them are business operations in accordance with regulations. The most important regulatory provisions are the SFDR Regulation, the Taxonomy Regulation and the CSDR Regulation. By developing sustainable investment, going green and supporting socially responsible business and investment, green financial products are being developed. The sustainability-oriented investment strategy is most widespread in developed countries, mainly in Europe and the USA, and the main objective of this paper is to show the implementation and analysis of environmental, social and governance criteria in Croatian financial institutions on the example of a selected bank, investment fund and insurance company.

• Keywords: društveno odgovorno ulaganje; ekološki; socijalni i upravljački kriteriji ulaganja; hrvatske financijske institucije; zeleni financijski proizvodi
• Keywords (english): socially responsible investment; environmental; social and governance criteria; Croatian financial institutions green financial products
• Language: croatian
• URN:NBN: urn:nbn:hr:148:582734
• 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 authenticated users
• Created on: 2023-09-14 16:17:31