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The market for social financial instruments is rapidly expanding, with social bonds reaching $149.4 billion in 2020, a 720% increase from 2019. These instruments aim to address funding gaps for social goals and promote sustainable business models. This paper examines the varied definitions of social investments and explores the EU taxonomy as a potential standard.
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What is social finance?. Definitions by market participants, the EU taxonomy for sustainable activities, and implications for development policy, Sören Hilbrich
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- 2021
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