Važnost izvještavanja o korporativnoj održivosti za institucionalne investitore

master's thesis

• Title (english): The importance of corporate sustainability reporting for institutional investors
• Author: Ema Crnečki
• Mentor: Mislav Ante Omazić (mentor)
• Committee member: Davor Labaš (predsjednik povjerenstva)
• Committee member: Andrija Sabol (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Managerial Economics); Zagreb
• Defense date and country: 2023-09-20, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics

Abstract

Klimatske promjene predstavljaju jedan od najvećih izazova u svijetu, o čemu stručnjaci upozoravaju već desetljećima. Sve veća svijest o ovom problemu, djelovanje javnog sektora i inovacije, rezultiraju sve većim promjenama u financijskom sistemu. Transformacija gospodarstva i društva, promjenu poslovnih procesa, odnosno cjelokupnog načina razmišljanja stanovništva moguća je uz znatna ulaganja – investicije koje javni sektor ne može iznijeti samostalno. U cijelom procesu mora sudjelovati realni sektor, a važna poluga su upravo institucionalni investitori i financijske institucije. Naime upravo ESG pokazatelji izvedbe omogućuju investitorima uvid u okolišne, društvene, upravljačke i etičke aspekte poslovanja poduzeća te determiniraju njegovu održivost. Uz financijske izvještaje, izvještaji o održivosti pomažu investitorima procijeniti rizike, donijeti odluku o ulaganju i procijeniti vrijednost dionica na duži period. Ono je važno i za poduzeća jer će postati dostupniji novim investitorima, imat će pristup povoljnijim plasmanima, lakše će pronalaziti poslovne partnere, bolje će upravljati rizicima i održivije poslovati. Kroz empirijsko istraživanje na temelju dva polustrukturirana intervjua, s jedne strane ispitat će se menadžer koji je odgovoran za društveno odgovorno poslovanje u poduzeću AD Plastik i s druge strane menadžer koji upravlja investicijskim fondom u poduzeću Feelsgood Capital. Zaključak će dati uvid u važnost ovakvih izvještaja iz različitih perspektiva institucionalnih investitora, njihov realni prikaz i prednosti njihova korištenja, ali i ograničenja kao što su subjektivnost i nestandardiziranost raznih metodologija izvještavanja.

Abstract (english)

Climate change represents one of the biggest challenges in the world, something experts have been warning about for decades. The transformation of the economy and society, the change of business processes, i.e., the entire way of thinking of the population is possible with significant investments - investments that the public sector cannot carry out independently. The real sector must participate in the entire process, and institutional investors and financial institutions are an important lever. Specifically, ESG performance indicators enable investors to gain insight into the environmental, social, management and ethical aspects of a company's operations and determine its sustainability. Along with financial statements, sustainability reports help investors assess risks, make investment decisions, and assess the value of stocks over the long term. It is also important for companies because they will become more accessible to new investors, they will have access to more favorable placements, it will be easier to find business partners, they will manage risks better and operate more sustainably. Through empirical research based on two semi-structured interviews, on the one hand, a manager who is responsible for socially responsible business in the company AD Plastik and on the other hand, a manager who manages an investment fund in the company FeelsGood Capital will be examined. The conclusion will give an insight into the importance of such reports from different perspectives of institutional investors, their realistic presentation, and the advantages of their use, but also limitations such as the subjectivity and non-standardization of various reporting methodologies.

• Keywords: održiva ulaganja; klimatske promjene; izvještaji o održivosti; ESG kriteriji; institucionalni investitori
• Keywords (english): sustainable investments; climate change; sustainability reporting; ESG criteria; institutional investors
• Language: croatian
• URN:NBN: urn:nbn:hr:148:724276
• Study programme: Title: Business economics; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: sveučilišni magistar ekonomije/sveučilišna magistra ekonomije (sveučilišni magistar ekonomije/sveučilišna magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to students and staff of home institution
• Created on: 2023-09-21 14:24:54