scholarly journals Social Bonds for Sustainable Development: A Human Rights Perspective on Impact Investing

2018 ◽  
Vol 3 (2) ◽  
pp. 233-255 ◽  
Author(s):  
Stephen Kim PARK

AbstractThis article analyses the human rights implications of impact investing, which aims to create positive social and environmental impacts in addition to financial returns. Reflecting growing awareness of the capacity of the global capital markets to advance sustainable development, companies and institutional investors are seeking new financial instruments and strategies. This article focuses on social bonds, a prominent and illuminating example of this phenomenon. Social bonds are debt securities sold to investors whose proceeds are used to finance projects with a defined social benefit such as affordable housing, education, food security, and access to healthcare. To analyse social bonds in the context of human rights, this article proposes a framework for evaluating human rights factors in impact investing and applies it to the social bond market. It finds that current standards and practices do not adequately account for the human rights implications of social bonds. In light of these observations, this article suggests reforms to the social bond market that enhance investor assessment, external assurance, and impact-maximizing leverage.

2021 ◽  

Social bond markets have grown rapidly in Asia and around the world amid the coronavirus disease (COVID-19) pandemic. Today, the global social bond market is dominated by bonds that address pandemic-related social impact areas. To better understand the potential contribution of social bonds in tackling developing Asia’s most urgent social issues, this study reviews the current status and recent trends of global and Asian social bond markets. It further analyzes social impact areas that can be addressed by social bonds in both the short and long term. The study’s findings can help align finance with the Sustainable Development Goals and maximize the impact of the social bond market for sustainable development.


2006 ◽  
Vol 13 (4) ◽  
pp. 43-60
Author(s):  
Charlotte Bloch

Charlotte Bloch: Emotions and Social Bonds in Academia The purpose of this article is to expand our understanding of social relations in academia by examining the role that the emotional dimensions of these social relations play in academic life. It is based on the results of an interview study of emotions and emotional culture among people in various scholarly positions in academia. The article makes analytical distinctions between the structural conditions of emotions, the emotional culture of academia, lived or felt emotions and the management of emotions. And it identifies different ways of managing the emotions of uncertainty, shame, anger, pride and laughter. These feelings emerge from the structural conditions of the social relations in academic life, and the tacit rules of feeling in academic life define how these feelings are managed. Life in academia presupposes a certain amount of feeling labour and management of feelings. Thomas Scheff’s theory about emotions and social bonds is employed to identify what this management of feelings means for social relations in academia. Bonds in academia are stable and fluctuate between solidarity, isolation and engulfment, but primarily the last two. Loneliness, group conformity, absence of real cooperation, and weakening of individual and collective creativity are some of the consequences of this kind of social bond.


2016 ◽  
Vol 7 (3) ◽  
pp. 79-86 ◽  
Author(s):  
Minna Räikkönen ◽  
Susanna Kunttu ◽  
Teuvo Uusitalo ◽  
Josu Takala ◽  
Shah Rukh Shakeel ◽  
...  

Abstract Investments towards sustainable development are vital for the future and they must be carefully planned to deliver immediate and long-term benefits. Hence, the ability to communicate the forms of impact of sustainable investments to local societies, people, investors and other stakeholders can provide a competitive advantage. However, the assessments are often under pressure to demonstrate short-term effects rather than emphasise the long-term impact. In addition, indirect and intangible forms of impacts should not be measured solely in economic terms. This paper proposes an assessment framework to support the integrated economic and social impact assessment of sustainable investments aimed at improving physical and socio-economic wellbeing. The framework is demonstrated in two case studies: new construction and renovation investments in affordable housing and social impact investment in sustainable development. The investments in the case studies are evaluated, selected and prioritized not only in terms of money but also with regard to sustainability, social acceptability and their overall impact on society, as a whole. The results indicate that a systematic integrated assessment of monetary and non-monetary factors can be successfully combined with the sustainable development decisions.


Author(s):  
Aldona Żurek

In modern societies, the number of people who are socially isolated and experience constant feeling of loneliness is increasing. Main causes of this social isolation are associated with both inherent features of an individual and features of structures such as family and local community. An isolated person is a person who has limited number of significant others. Nevertheless, loneliness may also occur when a person is a part of a lot of social relations. The feeling of loneliness is therefore an individually experienced discomfort resulting from a subjective evaluation of the desired and the existing network of social relations. Both phenomena are threats to the welfare of individuals and at the same time are a challenge for organizations which are dealing with social policy. An analytical category which provides the diagnosis of loneliness and isolation is the social bond. The assessment of deficits associated with social bonds and can be performed measuring following criteria: quantity, quality and potency of the social bond.


2020 ◽  
pp. 36-48
Author(s):  
Kristina Mikalauskaitė-Šostakienė

The article analyzes the social and legal assumptions that determine the need for the legal regulation of territorial planning. The extent to which the appropriate legal regulation of territorial planning is related to the protection of the environment, ensuring sustainable development and the protection of human rights is assessed. It is concluded that the process of territorial planning is complex and complicated, has different needs and interests of natural and legal persons regarding the use of the respective territories are constantly encountered. Although the reform of the legal regulation of territorial planning has been carried out three times in Lithuania, gaps in the legal regulation of territorial planning have been identified so far.


Animals ◽  
2018 ◽  
Vol 8 (11) ◽  
pp. 191 ◽  
Author(s):  
Riccarda Wolter ◽  
Volker Stefanski ◽  
Konstanze Krueger

Social bond analysis is of major importance for the evaluation of social relationships in group housed horses. However, in equine behaviour literature, studies on social bond analysis are inconsistent. Mutual grooming (horses standing side by side and gently nipping, nuzzling, or rubbing each other), affiliative approaches (horses approaching each other and staying within one body length), and measurements of spatial proximity (horses standing with body contact or within two horse-lengths) are commonly used. In the present study, we assessed which of the three parameters is most suitable for social bond analysis in horses, and whether social bonds are affected by individual and group factors. We observed social behaviour and spatial proximity in 145 feral horses, five groups of Przewalski’s horses (N = 36), and six groups of feral horses (N = 109) for 15 h per group, on three days within one week. We found grooming, friendly approaches, and spatial proximity to be robust parameters, as their correlation was affected only by the animals’ sex (GLMM: N = 145, SE = 0.001, t = −2.7, p = 0.008) and the group size (GLMM: N = 145, SE < 0.001, t = 4.255, p < 0.001), but not by the horse breed, the aggression ratio, the social rank, the group, the group composition, and the individuals themselves. Our results show a trend for a correspondence between all three parameters (GLMM: N = 145, SE = 0.004, t = 1.95, p = 0.053), a strong correspondence between mutual grooming and friendly approaches (GLMM: N = 145, SE = 0.021, t = 3.922, p < 0.001), and a weak correspondence between mutual grooming and spatial proximity (GLMM: N = 145, SE = 0.04, t = 1.15, p = 0.25). We therefore suggest either using a combination of the proactive behaviour counts mutual grooming and friendly approaches, or using measurements of close spatial proximity, for the analysis of social bonds in horses within a limited time frame.


Author(s):  
Stine Torp Løkkeberg ◽  
Nicolay Gausel ◽  
Roger Giner-Sorolla ◽  
Colin Wayne Leach

AbstractOur choice to withhold or disclose displeasing information to another can motivate concern about damage to our social bonds. In two experiments, using two different samples of university students in Norway, (N = 174 and N = 217), we found that withholding unpleasant information led to greater concern for self- image and social-image than did disclosure. We also found that withholding elicited more shame, inferiority and rejection than disclosure, and in Experiment 2, withholding elicited more defensive motivation than disclosure. Consistent with our model, defensive motivation was mostly explained by concern for social-image, whereas relationship repair motivation was mostly explained by concern for self-image and felt shame. We discuss implications for the literature on shame and social bonds.


2020 ◽  
Vol 12 (23) ◽  
pp. 9903
Author(s):  
Cristina Coscia ◽  
Subhash Mukerjee ◽  
Bianca Ludovica Palmieri ◽  
Chiara Quintanal Rivacoba

The environmental, economic and social challenges re-launched in the European Union Agendas (e.g., Horizon 2020 and Europe 2020–2030) have recently returned to being highly debated. In particular, policies and interventions in the field of social housing (SH) are still remaining crucial issues for urban regeneration. These interventions are aimed to combine sustainability criteria with architectural, urban and environmental quality. In this context, our goal in this article is to provide an innovative perspective on the topic highlighting the positive returns enabled by the logic of the social impact approach (SIA). A pilot project is proposed to be performed in the VI arrondissement of Paris. Starting from the French regulatory context and the requirements set by the “Paris Affordable Housing Challenge” competition, the levers of social finance for new social demands and the levers of incentives are applied to a real case. The research results show that the application of the emerging principles of social impact investing (SII) in areas difficult to access in the private market had positive returns. The final aim of the article is to outline guidelines that consider the quality, management and generation of the social impact requirements highlighted in the proposal to facilitate the application of the SIA to other interventions and contexts.


2021 ◽  
Author(s):  
Shu Tian

Innovative financial instruments to support more inclusive development have emerged in recent years. These include social bonds designed to raise proceeds for projects with positive social outcomes. Social bonds can help Asia meet its long-term objectives in line with the Sustainable Development Goals and also facilitate the transition to a more inclusive economic recovery from the coronavirus disease (COVID-19). This publication explains why social bond market development is vital to financing the sustainable recovery of Asia from the pandemic. It also outlines salient barriers to social bond market development in the region and potential solutions to overcome them.


Author(s):  
Alejandro Ernesto Vázquez Martínez ◽  
Norma Deirdré Bazán Mayagoitia

El artículo tiene como propósitos identificar y examinar los principales retos estructurales y procedimentales de la reintegración social para adolescentes en México, así como analizar la posible transformación del actual sistema de justicia para adolescentes, de carácter positivista, punitivo y sustentado en prácticas penitenciarias violatorias de los derechos humanos, en un sistema de justicia que sane y restaure las omisiones sociales e institucionales, al igual que las condiciones de exclusión y marginación que históricamente han caracterizado a los/las adolescentes en conflicto con la ley. Para ello, se utiliza el método etnográfico, por medio de observación participante, entrevistas y grupos focales con asociaciones civiles vinculadas al proceso de reintegración. El marco teórico se basa en la teoría crítica, fundamentalmente criminológica. Se concluye que, si bien la justicia restaurativa ha sido incorporada declarativamente a los mecanismos penitenciarios, el núcleo positivista del sistema penal todavía produce y permite violaciones a los derechos humanos, aun con la labor que desarrollan asociaciones civiles, centrada en la dimensión fundamental de la justicia restaurativa: el vínculo social entre jóvenes y comunidad.      Abstract The purpose of this article is to identify and examine the main structural and procedural challenges of social reintegration for adolescents in Mexico, as well as to analyze the possible transformation of the current justice system for adolescents (which is positivist, punitive and sustained in penitentiary practices that violate human rights), into a justice system that heals and restores social and institutional omissions, and also the conditions of exclusion and marginalization that historically have characterized adolescents in conflict with the law. For such purposes, the ethnographic method is used, through interviews and focus groups with organizations of civil society. The theoretical framework is based on critical theory, fundamentally criminological. It is concluded that, although restorative justice has been incorporated declaratively into penitentiary mechanisms, the positivist nucleus of the penal system still produces and allows violations of human rights, even with the work developed by civil associations focused on the fundamental dimension of restorative justice: the social bond between the youth and the community.


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