Social entrepreneurship encompasses entrepreneurial activities designed to tackle societal and environmental challenges. This paper introduces a capped call option model for sustainable insurance within the context of financing social enterprise green operations, emphasizing the adoption of renewable energy and the implementation of cap-and-trade mechanisms. Our focus is on an objective defined as a combined stakeholder equity function, reflecting sustainable insurance resulting from the social enterprise's green operations and stakeholder engagement to fulfill the goals of social entrepreneurship. The research reveals that increasing subsidies for the social enterprise embracing renewable energy enhances stakeholder equity and social enterprise equity while negatively impacting insurer equity. Additionally, as the social enterprise integrates advanced green technologies into production, the positive effect on stakeholder equity becomes more pronounced. Stringent regulatory caps, however, adversely affect both stakeholder equity and social enterprise equity. Moreover, the study highlights green loan subsidies as a mutually beneficial strategy, fostering positive outcomes for both the borrowing social enterprise and the fund-providing insurer. It emphasizes the need for policies prioritizing green subsidies to promote the adoption of renewable energy for enhanced equity under sustainable insurance.

中文翻译：

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可持续保险下的社会企业、可再生能源和限额与交易

社会创业包括旨在应对社会和环境挑战的创业活动。本文介绍了在社会企业绿色运营融资背景下可持续保险的上限看涨期权模型，强调可再生能源的采用和上限与交易机制的实施。我们的重点是定义为综合利益相关者权益函数的目标，反映社会企业的绿色运营和利益相关者参与以实现社会企业家目标所产生的可持续保险。研究表明，增加对采用可再生能源的社会企业的补贴可以提高利益相关者权益和社会企业权益，同时对保险公司权益产生负面影响。此外，随着社会企业将先进的绿色技术融入生产，对利益相关者权益的积极影响变得更加明显。然而，严格的监管上限会对利益相关者权益和社会企业权益产生不利影响。此外，该研究强调绿色贷款补贴是一种互惠互利的策略，可以为借款社会企业和提供资金的保险公司带来积极成果。它强调需要制定优先考虑绿色补贴的政策，以促进可再生能源的采用，以增强可持续保险下的公平性。