Impact investing as a tool for achieving the targets for sustainable development of the region

Ural State Economic University, Ekaterinburg, Russia

^* Corresponding author: sung2002@mail.ru

Abstract

The article focuses on the research of investment opportunities of the region in the context of implementing the sustainable development goals (SDGs). As applied to Russian conditions, achieving the targets of sustainable development requires the use of new innovative investment types as a driver of socio-economic development of the region. The role of such investments is impact investing, the main purpose of which is to overcome poverty, to solve social and environmental problems, to improve the life quality and standard of living, to increase business responsibility, to reduce social tension. Reasoning of the directions and amounts of impact investing in ensuring the SDGs achievement requires a preliminary analysis of the conditions prevailing in the region for their implementation on the basis of a number of indicators. The paper focuses on the social component of impact investing aimed at the development of the social sector of the region in the context of achieving the targets of the three sustainable development goals on the example of a specific region: SDGs 3,4 and 8. The object of research was the Sverdlovsk region, based on the dynamic indicators of which for the period 2012-2021 the rationale for the development of the region to achieve the selected sustainable development goals was carried out. The study concluded that the implementation of impact investing as a tool for achieving the sustainable development goals should be aimed at the development of healthcare, maintaining employment, overcoming gender inequality in the employment structure.