The relationship between socially responsible investment and the market value of an enterprise

Babkin, Alexander; Malevskaia-Malevich, Ekaterina; Kvasha, Nadezhda; Eliseev, Evgenii

doi:10.1051/e3sconf/202129101002

Cited by 5 publications

(4 citation statements)

References 8 publications

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“…Линейная экспортно-сырьевая экономическая модель остаётся одной из самых инертных и неустойчивых [43,44]. Тем не менее у циркулярной экономики есть потенциал для достижения желаемого эффекта масштаба, в том числе за счёт использования цифровых технологий [45]. Чтобы в полной мере использовать преимущества циркулярной экономики [46], предстоит проделать большую работу.…”

Section: по отношению к одной из 8 проекций трансформационной карты W...unclassified

The concept of effective sustainable ESG development of industrial ecosystems in the closed-loop economy

Babkin¹,

Shkarupeta²,

Polshchikov³

2023

Econ. Rev. Rus.

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The relevance of research is due to the low-level penetration of the closed-loop economy in the world tending to decline: From 9.1% in 2018 to 8.6% in 2020. In order to keep our world liveable and prosperous for current and future generations, global circularity must be doubled to 17%. The industrial ecosystems of the Russian Federation place the great importance on the global sustainability agenda and ESG transformation. However, this fact does not yet allow to overcome the main problems on the way of development of industrial ecosystems in the closed-loop economy of the RF - the galloping growth of production and consumption waste, as well as the trend of anti-decoupling, characteristic of the linear, highly material-intensive commodity-heavy economic model, one of the most inert and unstable. The aim of the study is to substantiate the theoretical concept of effective sustainable ESG development of industrial ecosystems in the closed-loop economy. The dialectical approach is fundamental in the research process, in addition to which we used the systemic, complex, interdisciplinary, cross-sectoral, project, value, holistic approaches and the whole complex of methods (comparative analysis, semantic analysis, historical method, method of differentiation of taxonomic features, etc.). The analysis of the narrative of closed-loop economy development on the basis of the historical method and the comparative analysis of the closed-loop economy concepts made it possible to present the closed-loop economy as an umbrella term for a multitude of co-evolving concepts. Identification of the semantic core of the existing definitions of closed-loop economy based on broad and narrow specialized approaches has allowed to represent the author’s vision of the essence of the closed-loop economy. The identification of the primary causes of the need for a closed-loop economy, principles, approaches, factors, strategies at three levels, circular business models, effects on the stages of the chain of circular value creation based on cross-sectoral and holistic approaches, taxon differentiation method based on taxonomic features allowed to identify the essential features of the closed-loop economy in industry and develop the concept of effective sustainable development of industrial ecosystems in the closed-loop economy. The direction of further research is to form a methodology of strategic management of effective sustainable ESG development of industrial ecosystems in a closed-loop economy.

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Section: по отношению к одной из 8 проекций трансформационной карты W...unclassified

The concept of effective sustainable ESG development of industrial ecosystems in the closed-loop economy

Babkin¹,

Shkarupeta²,

Polshchikov³

2023

Econ. Rev. Rus.

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“…in 'green' marketing (Babkin et al, 2021), we are aware of no studies which have looked at the influence of a food producer's environmental ethics on perceptions of its animal welfare practices. Our study builds upon the work of Schuldt et al (2012, Study 2) by testing the halo effect in a cross-domain food ethics context and exploring the role of negative halos in perceptions of a dairy company.…”

Section: The Halo E Ectmentioning

confidence: 99%

‘Say Cheese!': Humane halos from environmental practices in dairy production

Zamzow

Basso²

2022

Front. Sustain. Food Syst.

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Awareness of the negative impacts of our food choices on planetary, human and animal health is growing. Research shows an increasing number of consumers consider ethical consequences when purchasing food. A new market sector has emerged which caters to the demands of these value-driven consumers. However, attempts to change the market through ethical purchases may be thwarted by advertising strategies which exploit the ‘halo effect', a cognitive bias which manifests when first impressions of one attribute influence subsequent evaluations of unknown attributes. This research investigates how two ethical domains, environmentalism and animal welfare, interact to influence consumer choice. In an online experiment, we recruited 267 participants and randomly assigned them to read either a pro-environmental, anti-environmental, or ethically neutral vignette about a cheese company. After being asked to rate the dairy on how well it treats its cows—an issue on which no information had been provided—participants indicated how frequently they would recommend the cheese compared to other brands. Results confirm that information about the company's environmental practices influenced perceptions of its animal welfare practices: a ‘humane halo' effect. Further, humane ratings predicted product consumption recommendations, indicating the humane halo acted as a mediator. Exploratory analyses suggest the strength of this mediated relationship depends on participants' environmental protection values, particularly if they received negative information. Our findings establish the existence of a cross-domain halo in food ethics and shed light on ways to increase the effectiveness of policies designed to shift consumers to more sustainable diets.

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“…At present, the priority global concept is the sustainable development of modern society without prejudice to future generations (Kvasha and Malevskaya-Malevich 2022;Babkin et al 2021). The concept of sustainable development as one of the main components of the overall economic development strategy arose back in 1972 at the UN conference in Stockholm.…”

Section: Introductionmentioning

confidence: 99%

Biotechnological Basis of the Pulp and Paper Industry Circular Economic System

Kvasha,

Bolotnikova,

Malevskaia-Malevich

2023

Economies

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To ensure development sustainability, the linear economic approach is being transformed into a cyclical model. For the pulp and paper industry (PPI), which occupies a significant place in the Russian economy, the shift of circular principles to the field of bioeconomics is becoming more important. This requires the development of basic biotechnological approaches implemented in closed cycles (biorefining). The aim of this study was to develop the biotechnological foundations of the circular economic system of the pulp and paper industry. To achieve the goal, the factors for the implementation of the circular mechanism in the pulp and paper industry were established. The composition of pulp and paper waste was systematized, taking into account the places of their occurrence; the directions and forms of the biorefining of pulp and paper secondary renewable resources were determined; and the principal possibility of obtaining bioethanol, based on the whole complex of sugars from cellulose production wastes, is shown. A wide range of general scientific methods was involved (analysis, synthesis, classification, modeling, etc.). Statistical methods were used to process experimental results in the field of pulp and paper waste bioconversion. The biotechnologies involved included methods of destruction, detoxification, and conversion of useful resources into secondary raw materials and final products. From the standpoint of the environmental approach, there are serious efficiency imbalances in the pulp and paper industry, which justify the implementation of circular mechanisms for organizing economic systems. The overall efficiency is ensured by the use of renewable resources and obtaining environmental effects. Algorithms and parameters of green biotechnological regulations for pulp and paper industry waste recycling provide the possibility of microbiological production of a complex of products: biocomposites, bioplastics, medical products, fertilizers, feed additives, vitamin supplements, and bioenergy resources. A strategy for the efficient biochemical processing of pulp and paper waste into green ethanol was determined. The possibility of increasing the efficiency of alcoholic fermentation using various biocatalysts was experimentally confirmed. The technological features of this method, associated with the need for microaerobic fermentation modes, were determined.

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The relationship between socially responsible investment and the market value of an enterprise

Cited by 5 publications

References 8 publications

The concept of effective sustainable ESG development of industrial ecosystems in the closed-loop economy

The concept of effective sustainable ESG development of industrial ecosystems in the closed-loop economy

‘Say Cheese!': Humane halos from environmental practices in dairy production

Biotechnological Basis of the Pulp and Paper Industry Circular Economic System

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