Development of conceptual principles for impact investment development strategy in Russia
https://doi.org/10.29030/2309-2076-2025-18-4-179-192
Abstract
In Russia, as in the rest of the world, a new type of socially responsible investment, impact investment, is beginning to develop. However, despite the positive perception of impact investment by potential investors, it is up to the government to create an institutional framework for the development of impact investment in Russia. The purpose of this article is to develop the conceptual provisions of the impact investment development strategy in Russia, including the definition of goals, objectives, and main areas of implementation. Based on the results of a survey of potential investors (retailers and business entities), as well as content analysis, five main tasks have been identified, and their implementation areas, initiators, and responsible executors have been determined.
Keywords
About the Author
E. B. TyutyukinaRussian Federation
Elena B. Tyutyukina – doctor of economic sciences, professor, Department of corporate finance and corporate governance, faculty of economics and business
Moscow
References
1. Denisov S.A., Dzhazovskaya I.N. Identification of the Essential Features of the Concept of«Transformative Investment». Izvestiya vysshih uchebnyh zavedenij. Povolzhskij region = Izvestiya of Higher Educational Institutions. Volga Region. 2017;(2(42)):199-206. (In Russ.).
2. Goryainova L.V. Impact Investing in the Concept of Post-COVID Social Recovery in Russia. Ekonomika i predprinimatel’stvo = Economics and Entrepreneurship. 2021;(9):158-164. (In Russ.).
3. Romanova O.A., Ponomareva A.O. Impact Investing as a New Trend in the Modern Technical and Economic Paradigm. Proceedings of the VIII All-Russian Symposium on Economic Theory: Reports of the Section Meetings (Yekaterinburg, September 26–27, 2018). Yekaterinburg : Institute of Economics of the Ural Branch of the Russian Academy of Sciences, 2018. Р. 117–118. (In Russ.).
4. Kalaturova S.E. Impact Investing as a Tool for the Sustainable Development Strategy of the Saratov Region. Spatial Development of the Region: Prospects, Priorities, and Resources: Collection of Scientific Papers from the International Scientific and Practical Conference (Kaliningrad, November 22–23, 2019). Kaliningrad : RA Poligrafich, 2019. Р. 490–492. (In Russ.).
5. Silina S.A., Pankratov V.V. Impact Investing: Benefits for Private Capital // Current Issues in Economics and Finance: Collection of Articles from the International Scientific and Practical Conference (Izhevsk, October 14, 2021). Izhevsk : Udmurt University Publishing House, 2021. Р. 144–146. (In Russ.).
6. Svyatokho N.V. On the Essence of Impact Investing in Modern Market Conditions. Fundamental’nye issledovaniya = Fundamental Research. 2024;(10):159-170. (In Russ.).
7. Demystifying impact investing. Deloitte. 2021. URL: https://www2.deloitte.com/global/en/pages/public-sector/articles/esg-demystifying-impact-investing.html.
8. Impact investments: An emerging asset class / N. O’Donohoe [et al.]. New York, NY: JPMorgan Chase & Co., 2010. 96 p.
9. Aksakova N.V. Definition and key attributes of impact investments as an object of management. Upravlencheskie nauki = Management Sciences. 2024;14(1):58-70. (In Russ.).
10. Porter M.E., Kramer M.R. Creating Shared Value. Harvard Business Review. 2011;(89):62-77.
11. Osipova O.S. On the Essence of Impact Investing. Ekonomika. Nalogi. Pravo = Economics. Taxes. Law. 2025;18(3):19-32. (In Russ.).
Review
For citations:
Tyutyukina E.B. Development of conceptual principles for impact investment development strategy in Russia. Economic Systems. 2025;18(4):179-192. (In Russ.) https://doi.org/10.29030/2309-2076-2025-18-4-179-192
JATS XML
