Social Responsibility of Business as a Key Factor of Sustainable Development

The subject of the research is the process of expanding the horizons of social responsibility of business through the implementation of a socialization policy.
The purpose of the work is to show that the expansion of social responsibility of business can create favorable conditions for the sustainable development of territories.
It is shown that the aggravation of the problems of economic security in the modern world has necessitated a change of priorities. Business has chosen the direction of movement towards sustainable development. To do this, the business began to build its work in accordance with ESG principles, which became a determining factor in increasing the level of its socialization in the regions of its presence.
It is noted that the leading positions in the implementation of social policy in the region are occupied by large business. Companies extend their influence on ensuring the fulfillment of social obligations far beyond corporate boundaries. Business structures take responsibility for the well-being of residents in the regions, creating a comfortable environment for people to live and investing in education and healthcare.
The conclusions are made that the domestic large business acts as a center of socialization in the regions of production location. It is able to reduce the severity of economic security problems, which provides conditions for the implementation of strategic national priorities in the territories of the presence of companies.

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