Start doing the right thing: Indicators for socially responsible start-ups and investors
This paper explores the gap in the literature on social responsibility guidance for start-ups and start-up investors. It begins by evaluating research conducted in two different fields (namely, socially responsible investment (SRI) and responsible research and innovation (RRI)) and how they can guid...
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| Main Authors: | , , , , , , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2024-12-01
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| Series: | Journal of Responsible Technology |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666659624000209 |
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| author | Mark Ryan Eugen Popa Vincent Blok Andrea Declich Maresa Berliri Alfonso Alfonsi Simeon Veloudis Natalia Costanzo Martina Iannuzzi |
| author_facet | Mark Ryan Eugen Popa Vincent Blok Andrea Declich Maresa Berliri Alfonso Alfonsi Simeon Veloudis Natalia Costanzo Martina Iannuzzi |
| author_sort | Mark Ryan |
| collection | DOAJ |
| description | This paper explores the gap in the literature on social responsibility guidance for start-ups and start-up investors. It begins by evaluating research conducted in two different fields (namely, socially responsible investment (SRI) and responsible research and innovation (RRI)) and how they can guide social responsibility in STEM (Science, Technology, Engineering, Mathematics) start-ups. To do this, we evaluate an industry-standard SRI catalogue of metrics - the Global Impact Investing Network's (GIIN) Impact Reporting and Investment Standards (IRIS+) - and indicators from 12 EC-funded RRI projects. Based on this analysis, we propose a framework of 24 indicators to assess the social responsibility of start-ups and investors. The purpose of our framework is twofold: firstly, to provide clear guidance for start-ups aiming to implement socially responsible behaviours, and secondly, to provide start-up investors with criteria to identify if start-ups are socially responsible. While the indicators are phrased in a prescriptive way for start-ups, they can also be used by investors to identify if start-ups are implementing the indicators in practice. |
| format | Article |
| id | doaj-art-82771cacbb2a4518978d3c2aa1e823d4 |
| institution | OA Journals |
| issn | 2666-6596 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Responsible Technology |
| spelling | doaj-art-82771cacbb2a4518978d3c2aa1e823d42025-08-20T01:58:56ZengElsevierJournal of Responsible Technology2666-65962024-12-012010009410.1016/j.jrt.2024.100094Start doing the right thing: Indicators for socially responsible start-ups and investorsMark Ryan0Eugen Popa1Vincent Blok2Andrea Declich3Maresa Berliri4Alfonso Alfonsi5Simeon Veloudis6Natalia Costanzo7Martina Iannuzzi8Philosophy Department, Wageningen University & Research, the Netherlands; Corresponding author.Philosophy Department, Wageningen University & Research, the NetherlandsPhilosophy Department, Wageningen University & Research, the NetherlandsKnowledge & Innovation, ItalyKnowledge & Innovation, ItalyKnowledge & Innovation, ItalySEERC, GreeceEBAN, BelgiumEBAN, BelgiumThis paper explores the gap in the literature on social responsibility guidance for start-ups and start-up investors. It begins by evaluating research conducted in two different fields (namely, socially responsible investment (SRI) and responsible research and innovation (RRI)) and how they can guide social responsibility in STEM (Science, Technology, Engineering, Mathematics) start-ups. To do this, we evaluate an industry-standard SRI catalogue of metrics - the Global Impact Investing Network's (GIIN) Impact Reporting and Investment Standards (IRIS+) - and indicators from 12 EC-funded RRI projects. Based on this analysis, we propose a framework of 24 indicators to assess the social responsibility of start-ups and investors. The purpose of our framework is twofold: firstly, to provide clear guidance for start-ups aiming to implement socially responsible behaviours, and secondly, to provide start-up investors with criteria to identify if start-ups are socially responsible. While the indicators are phrased in a prescriptive way for start-ups, they can also be used by investors to identify if start-ups are implementing the indicators in practice.http://www.sciencedirect.com/science/article/pii/S2666659624000209Responsible research and innovationSocially-responsible investmentStart-upsIndicatorsBusiness ethics |
| spellingShingle | Mark Ryan Eugen Popa Vincent Blok Andrea Declich Maresa Berliri Alfonso Alfonsi Simeon Veloudis Natalia Costanzo Martina Iannuzzi Start doing the right thing: Indicators for socially responsible start-ups and investors Journal of Responsible Technology Responsible research and innovation Socially-responsible investment Start-ups Indicators Business ethics |
| title | Start doing the right thing: Indicators for socially responsible start-ups and investors |
| title_full | Start doing the right thing: Indicators for socially responsible start-ups and investors |
| title_fullStr | Start doing the right thing: Indicators for socially responsible start-ups and investors |
| title_full_unstemmed | Start doing the right thing: Indicators for socially responsible start-ups and investors |
| title_short | Start doing the right thing: Indicators for socially responsible start-ups and investors |
| title_sort | start doing the right thing indicators for socially responsible start ups and investors |
| topic | Responsible research and innovation Socially-responsible investment Start-ups Indicators Business ethics |
| url | http://www.sciencedirect.com/science/article/pii/S2666659624000209 |
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