Corporate Social Responsibility as the Dominant Factor of Sustainable Development
https://doi.org/10.26794/1999-849X-2024-17-3-96-105
Abstract
Currently, there is an opinion that business organizations, originally designed to make a profit, become something more than just economic entities, and turn into a part of society itself and its environment. Their actions are already having an impact on the quality of life of people, the ecosystem of the planet, and the international geopolitical agenda is beginning to depend on the largest companies. However, until now, such a concept as corporate social responsibility is considered a separate strategic approach to doing business, a way to increase corporate awareness, and not as a necessary new time embodiment of the principle of widespread use of management skills aimed not only at making a profit, but also at comprehensive, systematic and integrated sustainable development of the world, to ensure sustainable development of business and society as a whole. The subject of the research is corporate social responsibility as the dominant factor of sustainable development of society. The purpose of the work is to establish the degree of influence of large business on global social processes and the Earth’s ecosystem. The arguments on the need for ethical practice as an area of regulation of corporate activities aimed at improving working conditions, customer orientation, as well as the use of technological processes that do not have a negative impact on the biological diversity of the planet and the social agenda are considered. A retrospective of the evolution of theoretical views on the role and place of business responsibility to society and its impact on sustainable development is presented. It is concluded that in the era of the Anthropocene, the implementation of the concept of corporate social responsibility will not only serve as a mechanism for forming a positive image of business organizations, staff development, reducing financial risks, but also contribute to meeting the expectations of society and meet its needs.
About the Author
O. O. Chudinov
Financial University (Krasnoyarsk Branch)
Russian Federation
Russian Federation
Oleg O. Chudinov — Cand. Sci. (Econ.), Assoc. Prof.
Krasnoyarsk
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For citations:
Chudinov O.O. Corporate Social Responsibility as the Dominant Factor of Sustainable Development. Economics, taxes & law. 2024;17(3):96-105. (In Russ.) https://doi.org/10.26794/1999-849X-2024-17-3-96-105
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