Analysis of Financial Outsourcing Management in Regional Environmental Systems

Abstract

This study contributes to the creation of a model of effective economic relations by the organizer—the outsourcer between the participants of the regional ecological financial system—financial services clients, creditors, investors, insurers, and municipalities. This study proposes to reduce the financial limitations of business entities that are environmentally active by forming a regional ecological financial system, organized by an outsourcer for the provision of financial services. The outsourcer attracts financial instruments (FIs), including special environmental financial instruments (GFIs) and financial management mechanisms (FMs), to accelerate capital turnover. When calculating the financing models, the well-known concept of the innovation life cycle was used. Research on the relationship between variables “revenues from environmental taxation by country” and “the sum of all environmental revenues” in the EU27 budget for the period 2012–2021 made it possible to determine the Pearson coefficient, according to which countries were distributed according to the degree of connection strength according to the Chaddock scale: 32% of countries had a very high connection (0.9–1.0) during the study period, and 53% of EU countries had a noticeable and moderate connection (0.7–0.9). The proposed method for studying the relationship can be useful in managing financial flows attracted to the ecological financial system by an outsourcer.

Technical and Economic Aspects of Environmentally Sustainable Investment in Terms of the EU Taxonomy

“…On the other hand, if a financial product promotes an environmental aspect, it must additionally be accompanied by a statement indicating the following principle, "do not cause serious damage to the environment", and is only applicable to those projects within the financial product which consider the EU criteria for environmentally sustainable business. Other entrepreneurs, including those operating environmental installations, are obliged to publish non-financial information resulting from their business activities [108,109]. The taxonomy requires that as part of this obligation, information on the percentage of their turnover derived from products or services related to business activities that qualify as environmentally sustainable must be disclosed.…”

Financial Outsourcing in the Analysis of Environmental Fiscal Revenue Management

“…In studies, Laktionova et al, 2022;Omelchuk et al, 2022;Koval et al, 2023 suggest using financial outsourcing services in maintaining accounting and tax records for clients. It is proposed to form a regional ecological system, including a financial one.…”