Issue |
E3S Web of Conf.
Volume 558, 2024
4th International Conference on Sustainable, Circular Management and Environmental Engineering (ISCMEE 2024)
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Article Number | 01016 | |
Number of page(s) | 11 | |
DOI | https://doi.org/10.1051/e3sconf/202455801016 | |
Published online | 02 August 2024 |
Financial tools for the implementation of environmental projects
National University of Water and Environmental Engineering, 11 Soborna St., Rivne, 33028, Ukraine
* Corresponding author: o.o.osadcha@nuwm.edu.ua
The article examines the features of responsible investing, in particular, and investigates ESG bonds as a widespread instruments of financing projects in sustainable development. In order to form a methodical support for the implementation of responsible investment and the use of green financial instruments, the authors have summarized the relevant projects and programs of international organizations. The main types of investment strategies used by investors in the market of responsible investing are presented. The following ESG bond types are green, social, sustainable and sustainability-related. The financial toolkit of responsible investing has been studied. It is substantiated that shares and debt securities are the main instruments of responsible investment. It was established that business entities that attract ESG bonds use two main credit instruments: bilateral loans and syndicated loans. Key components of sustainable lending are identified and characterized: consistency with the borrower’s policy on compliance with corporate social responsibility and achievement of predetermined indicators of the effectiveness of projects in the field of sustainable development; establishment of the enterprise’s achievement of sustainable development goals; publication of financial statements by the borrower and its audit.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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