Social sphere is perceived as something perennially needy, costly, and entirely devoid of investment attractivity. We all need to fight that together and illustrate that social sphere, above all, is investment into human capital — Svetlana Chupsheva, Chief Executive Officer, Agency for Strategic Initiatives.
Often times business sees social sphere as a burden, something that can be written off as an expense, not an asset. This long-standing misconception leads to certain contradictions, to complicated attempts business takes to move away from resolving social issues — Alexey Repik, Chairman, Russian-Japanese Business Council; President, Delovaya Rossiya (Business Russia); Chairman of the Board, Group R-Pharm .
An idea that business in this sector should not focus on extracting profits is not that paradoxical. There are economic laws that cannot be broken. If we think of private public partnerships, we need to understand that business partners up to resolve the social task not just because someone said so or just because it happened so. Business partners up because it wants an adequate revenue and clear rules not for a year or two, but of for 10–12 years. It is a serious challenge for all of us. Unfortunately, we cannot see the forecast this deep yet — Mikhail Chachin, Vice President, Sberbank.
State companies push private companies away from the market. According to RBC, nearly 60% private companies do not show any profit. With this in mind, it is difficult to expect that business will invest in social or infrastructural projects with low profit rates and slim chances or recuperation — Sergey Fakhretdinov, Chairman of the Board of Directors, Management Company Ruscompozit .