Systemic Risk Management of Investments in Innovation Based on CSR

Lebedev, Vladimir V.; Deberdeeva, Nelia A.; Farkova, N. A.; Коробейникова, Лариса Сергеевна

doi:10.3390/risks10050087

Cited by 2 publications

(1 citation statement)

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“…Here also must be taken consequence of that relevant research concludes that most economic growth demands persistent massive governmental investments, while also neglecting the fact that numerous initiatives fails. Further new strategies handling high-risk investments in innovations would be highly appreciated, e.g., by balancing financial interests of business and the interests of employees and the development of a strategy balancing multiple systemic risks based on corporate social responsibility [110].…”

Section: Meso/micro-level: Firm-level and Industrial Symbiosismentioning

confidence: 99%

Mass Cultivation of Microalgae III: A Philosophical and Economic Exploration of Carbon Capture and Utilization

Andersson,

Stokke,

Agwu

et al. 2023

Sustainability

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This article discusses an innovative carbon capture and utilization project from societal, economic, and ethical perspectives. UiT—The Arctic University of Norway and the ferrosilicon producer Finnfjord AS, both located in Northern Norway, collaborate to develop sustainably produced fish feed by cultivating microalgae (diatoms) that feed on CO2 from the factory fume. The microalgae biomass, when added to fish feed applied in the aquaculture industry, contributes nutrients that are essential to human and fish health. The project carries the potential to contribute to the operationalization of the Sustainable Development Goals. The present study is intended as a contribution to the literature focusing on CO2 utilization as a means of achieving a sustainable “green” transition in the industry. By viewing the utilization of CO2 through the lenses of biotechnology, a circular economy, ethics and philosophy, our research findings are relevant to sustainability scholars, industrial actors, and policy makers. It also presents future perspectives on how the aquaculture and manufacturing industries can contribute to the operationalizing of the Sustainable Development Goals in a rapidly evolving industrial environment that is now undergoing a paradigm shift.

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Section: Meso/micro-level: Firm-level and Industrial Symbiosismentioning

confidence: 99%

Mass Cultivation of Microalgae III: A Philosophical and Economic Exploration of Carbon Capture and Utilization

Andersson,

Stokke,

Agwu

et al. 2023

Sustainability

View full text Add to dashboard Cite

show abstract

Corporate Social Responsibility in Terms of Sustainable Development: Financial Risk Management Implications

Matytsin

Petrenko

Savelyeva

2022

Risks

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The motivation for this study was a new context associated with the increased cyclical nature of the economy and, accordingly, the increased financial risks of the business, which complicated the implementation of corporate social responsibility. The purpose of the article is to explore the relationship of corporate social responsibility with the financial risks of the business and explain this relationship in terms of sustainable development (SDGs). The article contributes to the development of the concept of financial risks of the business by clarifying their connection with corporate social responsibility and substantiating the relationship between the financial risks of the business. Structural equation modeling (SEM) showed that in 2020–2021, financial risks have demonstrated a complex (in most cases negative) relationship with each other and a contradictory impact on corporate social responsibility. The complex systemic relationship between corporate social responsibility and financial risks of business from the point of view of sustainable development is substantiated. In the context of increased financial risks, by systematically implementing SDGs 8, 9, 11, and 12, responsible companies get the opportunity to restore and improve their position in the market. The significance of the findings for businesses is that they proposed the SDGs as a promising new benchmark for business financial risk management. This will allow responsible companies to find a new Pareto optimum in the current conditions of uncertainty and determine for themselves the preferred level of corporate social responsibility that contributes to the effective financial risks of business management in the long term.

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Systemic Risk Management of Investments in Innovation Based on CSR

Cited by 2 publications

References 50 publications

Mass Cultivation of Microalgae III: A Philosophical and Economic Exploration of Carbon Capture and Utilization

Mass Cultivation of Microalgae III: A Philosophical and Economic Exploration of Carbon Capture and Utilization

Corporate Social Responsibility in Terms of Sustainable Development: Financial Risk Management Implications

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