Institutional, Financial and Digital Aspects of the Ethical Entrepreneurship Structure in Ecological Economics

Authors

Yuri A. Levin^{1, *,} u.levin@odin.mgimo.ru^, , Olga P. Ivanova^2, , Galina Yu. Fomina^3, , Andrey V. Volkov^4,

¹Moscow State Institute of International Relations (MGIMO University), Moscow, Russia

²Yaroslav-the-Wise Novgorod State University, Veliky Novgorod, Russia

³Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia

⁴International Industrial Academy, Moscow, Russia

DOI

10.2991/aebmr.k.220208.039How to use a DOI?

Keywords

ecological mode; environmental management ethics; “green” finance; ESG strategy; digital twin

Abstract

The relevance of the research is due to the role of ethical entrepreneurship in a green economy, the increasing need for an ethical justification of the attitude to nature, the transition to the production and consumption of environmentally friendly products in the conditions of the growing global environmental danger of the formation of a technogenic type of economic development. The main characteristics of ethical entrepreneurship and its practical role in a green economy are highlighted. It is shown that the driving forces of the global green economy agenda are governments, investors, society (consumers), central banks. The structure of ethical entrepreneurship is presented as a set of strategic analysis institutions, financial institutions, business models and digital platforms that form management decisions for sustainable development and ESG implementation. It is shown that the financial assessment of the ESG strategy is based on the perception of the environmental component of entrepreneurial ethics as an image element of business culture and a form of environmental responsibility. The authors proposed to consider the digital platform as an information and economic structure that ensures the organization of algorithmic effective interaction of its participants at the expense of its own information infrastructure. It is stated that the ecosystem’s supply chain is fragmented, and therefore it is necessary to create a digital platform to unite all participants in responsible investing in the ESG format. The universal possibilities of digital twins with the mutual influence of the subjects of the ethical entrepreneurship system are given. The possibilities of creating a “digital twin” of state policy and business policy for regulating the ecological type of financing ecosystems in the context of strategies for sustainable growth of the national economy, regions and industries based on optional modeling are identified.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Yuri A. Levin
AU  - Olga P. Ivanova
AU  - Galina Yu. Fomina
AU  - Andrey V. Volkov
PY  - 2022
DA  - 2022/02/25
TI  - Institutional, Financial and Digital Aspects of the Ethical Entrepreneurship Structure in Ecological Economics
BT  - Proceedings of the International Scientific and Practical Conference Strategy of Development of Regional Ecosystems “Education-Science-Industry” (ISPCR 2021)
PB  - Atlantis Press
SP  - 271
EP  - 276
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220208.039
DO  - 10.2991/aebmr.k.220208.039
ID  - Levin2022
ER  -