FROM SDG INVESTMENT MAPPING TO A BANKABLE PROJECT PIPELINE: MOBILIZING PRIVATE CAPITAL FOR SUSTAINABLE DEVELOPMENT IN SERBIA
Abstract: The development of Serbia’s SDG Investment Pipeline represents a structured effort to identify, evaluate, and promote investment-ready projects that simultaneously generate financial returns and contribute to the country’s sustainable development priorities. Building on the UNDP SDG Investor Map, which identified strategic sectors and investment opportunity areas with the highest potential for sustainable investment, the Pipeline translates macro-level opportunities into concrete, assessable project propositions. The analysis applies a multi-phase methodology encompassing project sourcing, screening, scoring, and shortlisting. Starting from an initial universe of 150 potential investment projects derived from 13 Investment Opportunity Areas (IOAs) and additional “white spaces,” a composite scoring model was developed to evaluate projects across three perspectives: investor (60%), public contribution (20%), and alignment with the Sustainable Development Goals (20%). Only projects achieving a minimum threshold of 60% in each perspective were included, resulting in a final portfolio of 44 investment-ready projects. The findings demonstrate that sustainability and profitability are not mutually exclusive. The paper concludes that structured SDG investment pipelines, grounded in investor logic and aligned with national strategic priorities, represent a critical instrument for mobilizing private capital, strengthening evidence-based policymaking, and accelerating long-term, inclusive, and sustainable growth in Serbia.
Sažetak: Razvoj investicionog portfolija projekata usklađenih sa ciljevima održivog razvoja u Republici Srbiji predstavlja strukturisani napor usmeren na identifikaciju, evaluaciju i promociju investiciono spremnih projekata koji istovremeno generišu finansijske prinose i doprinose ostvarivanju nacionalnih prioriteta održivog razvoja. Oslanjajući se na UNDP SDG investicionu mapu, koja je identifikovala strateške sektore i investiciona polja mogućnosti sa najvećim potencijalom za održiva ulaganja, investicioni portfolio prevodi razvojne prilike sa makro nivoa u konkretne, evaluabilne projektne predloge. Analiza primenjuje višefaznu metodologiju koja obuhvata identifikaciju projekata, preliminarno filtriranje, bodovanje i konačnu selekciju. Polazeći od početnog skupa od 150 potencijalnih investicionih projekata, izvedenih iz 13 investicionih polja mogućnosti i dodatnih tzv. „praznih prostora“, razvijen je višekriterijumski model ocenjivanja za ocenu projekata kroz tri perspektive: investitorsku (60%), javni doprinos (20%) i usklađenost sa ciljevima održivog razvoja (COR) (20%). U konačni portfolio uključeni su samo projekti koji su ostvarili minimalni prag od 60% u svakoj od navedenih perspektiva, što je rezultiralo portfoliom od 44 investiciono spremna projekta. Rezultati pokazuju da održivost i profitabilnost nisu međusobno isključivi ciljevi. Rad zaključuje da strukturirani SDG investicioni portfolio projekata, zasnovan na investitorskoj logici i usklađen sa nacionalnim strateškim prioritetima, predstavlja ključni instrument za mobilizaciju privatnog kapitala, jačanje kreiranja politika zasnovanih na dokazima i ubrzavanje dugoročnog, inkluzivnog i održivog rasta Republike Srbije.
engleski
2026
Ovo delo je licencirano pod uslovima licence
Creative Commons CC BY-NC-ND 4.0 - Creative Commons Autorstvo - Nekomercijalno - Bez prerada 4.0 International License.
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Ključne reči: održive investicije, investicioni portfolio projekata usklađenih sa COR, privatni kapital, investiciona spremnost, model 67 ocenjivanja, COR uticaj
Keywords: sustainable investment, SDG Investment Pipeline, private capital, investment readiness, scoring model, SDG impact