The purpose of the research is to systematize and clarify scientific and theoretical approaches to determining the essence and economic content of environmentally responsible investment within the framework of the ESG-investment concept and to study the possibility of their implementation in Kazakhstani practice.Methodology – the methods included scientific abstraction, inductive, deductive and comparative analysis. In addition, special methods were applied: comparison, monographic, normative, economic and statistical (statistical sample, economic grouping, calculation of statistical indicators, including absolute and relative values).Originality / value – the obtained research results can be applied in Kazakhstan in improving the state policy in the field of "green" financing in Kazakhstan, responsible investment of measures to counter environmental threats.Findings – the results defined the essence of responsible investment within the framework of the ESGinvestment concept, taking into account the unity of environmental, social and corporate governance factors. The analysis of the state and development of responsible investment in economically developed countries was held. Possibilities of forming an ecosystem of financial support for environmentally responsible investments in Kazakhstan were clarified. The factors constraining and stimulating the inflow of investments into green economy projects are highlighted, as well as measures of state support for the development of environmentally responsible investment in the country were proposed. The results of this research can be applied in Kazakhstan to improve the state policy in the field of “green” financing, responsible investment of measures to counter environmental threats and challenges.
The purpose of the research is to analyze the problems and prospects for the development of «green» financing and banking in Kazakhstan and to propose directions for stimulating banks to finance «green» economy projects.Methodology – in the course of the study, the methods of critical analysis, logical generalization, systematization and grouping of information are used. Scientific publications of domestic and foreign authors are the basis of the research.Originality / value of the research – the results of the study can be applied in Kazakhstan in improving the state regulation of responsible activity of banks with a view to stimulating their participation in financing the «green» economy.Findings – the essence of «green» banking is considered and the role of banks in financing projects of the «green» economy is defined; the structure and condition of the banking sector of Kazakhstan are analyzed, and the factors inhibiting the emergence of «green» banking are identified. It is noted that banking regulators, with appropriate public policies, could facilitate the channeling of financial resources to environmental projects by regulating banks, for which monetary policy and macro-prudential policy instruments can be used. It is concluded that development of «green» banking is extremely important for development of «green» technologies, financing of ecologically clean production, ensuring goals of sustainable development of the economy of Kazakhstan.
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