Recent innovations in socially responsible investing (SRI): The role of “socially responsible bonds” in spurring sustainable development

Hannah Jun, Hyojin Kim, Songhee Han

Research output: Contribution to journalReview articlepeer-review

1 Scopus citations

Abstract

While it has become clear that the global community needs to utilize partnerships between the public and private sectors to achieve broader economic and development goals, there has been less discussion about the potential role of investors in shaping and participating in this movement. Part of this may be due to familiarity with traditional methods such as official development assistance (ODA) and relatively less understanding about recent innovations in socially responsible investing (SRI), including social impact bonds and development impact bonds. As economies like Korea have begun to show greater interest in harnessing various investment strategies to achieve broader social goals, we find it critical to better understand what financial tools are available within the context of encouraging sustainable development. As such, this paper highlights the potential role investors can play in contributing to broader social issues both at home and abroad through an examination of recent innovations in SRI – specifically, the category of so-called “socially responsible bonds.

Original languageEnglish
Pages (from-to)27-47
Number of pages21
JournalAsian International Studies Review
Volume19
Issue number1
DOIs
StatePublished - Jun 2018

Keywords

  • Development impact bonds (DIB)
  • Financial innovation
  • Social impact bonds (SIB)
  • Socially responsible bonds
  • Socially responsible investing (SRI)
  • Sustainable development

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