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1
Koldovskyi, Artem. "Corporate social responsibility audit: Theoretical aspects." Risk Governance and Control: Financial Markets and Institutions 5, no. 3 (2015): 135–44. http://dx.doi.org/10.22495/rgcv5i3c1art5.
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This paper puts a conceptual framework to outline research for corporate social responsibility (CSR) audit based on the analysis of current CRS literature and audit models as implementation of CSR. It is intended to make clear the phenomena about the relationship between audit, implementation of business ethics principles and corporate governance. However, most studies do not take into account modify CSR audit. This paper reports part of a research we carried out on the theoretical interpretation of the corporate social responsibility audit. This paper examines the corporate social responsibility audit as a composition of four categories - management system audits, on-site audits, verbal probability expressions (VPE) audits and technology audits. The paper concludes suggests to systematize multiple audits so that they can be conduct in three types of audits - environmental management audits covering in-house companies, environmental technology audits of products, and environmental audits of sites, including non-manufacturing sites and non-consolidated subsidiaries.
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Witkowska, Janina. "Corporate Social Responsibility: Selected Theoretical And Empirical Aspects." Comparative Economic Research. Central and Eastern Europe 19, no. 1 (March 30, 2016): 25–41. http://dx.doi.org/10.1515/cer-2016-0002.
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The notion of Corporate social responsibility (CSR) is still stirring debate over how it should be interpreted, what models of CSR dominate in business practice, and consequences of enterprises’ engagement into socially responsible actions. While business practice demonstrates that companies voluntarily include social and environmental issues into their activities and into their relations with stakeholders, it is hard to determine what intentions motivate them to do so. This paper analyses selected aspects of discussions focused on the notion of CSR and identifies controversies over the standardisation of ethical and social business activities.
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Bilyk, Rostyslav, and Andrii Varvus. "Social responsibility of business as the basis of business security in modern conditions." Ukrainian Journal of Applied Economics and Technology 8, no. 3 (August 30, 2023): 318–23. http://dx.doi.org/10.36887/2415-8453-2023-3-48.
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Introduction. Social responsibility contributes to building a positive image for the company and strengthening the trust and loyalty of customers and partners, which are critically important aspects in maintaining competitiveness and security of business. In addition, the responsible behavior of companies reduces the risks associated with non-compliance with environmental standards and norms of social justice. Considering global challenges such as war, inequality, and the need for sustainable development, the social responsibility of business becomes an element of corporate strategy and an essential component of overall economic security. The study and implementation of the principles of social responsibility in the conditions of the modern business environment have a significant potential for increasing the level of economic security of enterprises, promoting their stable development, and positively impacting society in general. Thus, this article focuses on essential aspects of a business's social responsibility in supporting and expanding commercial activity in Ukraine in modern conditions. The article aims to study modern processes of the development of social responsibility in business to strengthen the security of entrepreneurship in modern economic conditions. The results. The main aspects of the social responsibility of business and its role in increasing the efficiency of enterprise security are studied. The level of social responsibility of Ukrainian companies is characterized. Ways to increase business activity by forming a positive image, strengthening reputation, and establishing strong relations with clients and partners were studied. The concept of "social responsibility of business" is defined. The main functions of social responsibility in business have been studied. Conclusions. The development of social responsibility in crises, in particular during war, is substantiated. Recommendations on applying a modern social responsibility model to increase business activity have been developed, considering the values and specifics of Ukrainian society. Keywords: social responsibility, entrepreneurship, business, competitiveness, social projects
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Vlastelica, Tamara, Marija Jović, and Vladimir Pavković. "Consumer preferences and attitudes in relation to the social and environmental dimensions of corporate social responsibility." Marketing 52, no. 3 (2021): 149–62. http://dx.doi.org/10.5937/mkng2103149v.
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Corporate social responsibility, as a business philosophy and managerial concept, is increasingly represented in contemporary business operations and marketing, as well as in the scientific literature in this field. The importance that consumers attach to different aspects of social responsibility when evaluating companies and products and making purchasing decisions, is determined by economic, sociological, institutional and technological development of the environment, differing in developed countries and emerging markets. The aim of this paper is to investigate how consumers perceive the responsibility of companies operating in the market of the Republic of Serbia and which aspects of social responsibility they perceive as crucial or more important. In order to examine how consumers perceive the social and environmental dimensions of corporate social responsibility, an empirical study was conducted, using the survey method. For the purposes of the research, the questionnaire was adapted from the similar studies in foreign countries, which enables a comparison of the importance of different dimensions of corporate responsibility with consumers from different markets. In addition to standard demographic questions, the questionnaire also contains questions related to different perception, beliefs and attitudes, as well as expectations of respondents' in relation to the social and environmental dimension of company responsibility. The results of the research showed that there is a significant correlation between the perception of environmental and social aspects of corporate social responsibility and consumer preferences, expressed in company's evaluation and intention to buy its products or services. One of the conclusions of the survey is that demographic characteristics of respondents determine this connection.
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Pryiatelchuk, O. "REGIONAL ASPECTS OF CORPORATE SOCIAL RESPONSIBILITY PHILOSOPHY IN THE EU." Bulletin of Taras Shevchenko National University of Kyiv. International relations, no. 1 (53) (2021): 31–35. http://dx.doi.org/10.17721/1728-2292.2021/1-53/31-35.
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CSR is defined as the philosophy of behavior and the concept of building a business community, companies, individual business representatives focusing on such orientations as the production of quality products and services, the creation of attractive jobs, the payment of legal wages and investment in the development of human potential, compliance with the requirements of the legislation, labor, environmental, etc., building trusting relationships with all stakeholders, efficient business management, focused on creating added economic value and the growth of the well-being of its shareholders, taking into account public expectations and generally accepted ethical standards in case management, contributing to the formation of civil society through partnership programs and local community development projects. At the same time, regional and national peculiarities of CSR formation, regulation and implementation in the EU are revealed.
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Silva, Ana Paula Teixeira da, and Diogenes José Gusmão Coutinho. "SOCIAL RESPONSIBILITY AS A STRATEGY IN BUSINESS MANAGEMENT." Revista Ibero-Americana de Humanidades, Ciências e Educação 9, no. 8 (September 4, 2023): 333–45. http://dx.doi.org/10.51891/rease.v9i8.10894.
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This paper addresses aspects of corporate social business responsibility their historical processes and theories that explain this strategy. It addresses the environmental preservation and other theories to improve the quality of life society. Likewise is discussed in the disclosure of the social enterprises and their benefits. The tools for business management ethics are essential to contemporary management. Seeking the welfare of customers, suppliers and society, thus becoming socially responsible. The new way to consume has changed the strategic vision of the companies, seeking to establish itself in the market today. Social responsibility accepts the role of an important management tool that can also result in numerous benefits to society.
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Noor, Ahmad Mahmood Alkhudierat. "The Level of Corporate Social Responsibility Implementation in all Social Responsibility Aspects in Jordan’s Zain Telecommunication Company." Gazdaság és Társadalom 12, no. 4 (2019): 88–113. http://dx.doi.org/10.21637/gt.2019.4.04.
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A relatively new concept in the business world, corporate social responsibility (CSR) has resonated widely in the global economy. As well as integrating into the cultures of many organizations, CSR has become an important business strategy component of corporations worldwide. Many large companies in Jordan realize the importance of adopting social responsibility, especially companies that help build society as well as develop and increase productivity by providing distinct programs for small projects, as these contribute to solving problems of unemployment and poverty. This study explores the extent to which Zain Telecom in Jordan covers the three aspects of social responsibility in the same depth and level. The research methodology is qualitative analytical and is based on secondary data such as previous studies and the analysis of Zain’s annual report of social responsibility for 2018. The study concluded that the abovementioned company is significantly concerned with the social and employee aspects of CSR, but pays little attention to environmental aspects. The study made a number of recommendations, including focusing on all dimensions of social responsibility equally.
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Kyrylenko, Oksana, Valentyna Novak, and Mykhailo Podrіeza. "Key aspects of corporate responsibility of aviation enterprises." Electronic Scientific Journal Intellectualization of Logistics and Supply Chain Management #1 2020 1, no. 20 (August 2023): 38–45. http://dx.doi.org/10.46783/smart-scm/2023-20-4.
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This scientific article is devoted to the study of corporate responsibility of aviation enterprises and their impact on the general social space. The growing attention to environmental issues puts the reputation of aviation companies at risk and forces them to improve their corporate responsibility. This article proposes to analyze various aspects of corporate responsibility of aviation enterprises and considers prospects for their further development. In conditions of increased awareness of investors and financial institutions, the latter prefer more sustainable business from the point of view of financial, social and economic indicators. In this regard, the importance of intangible factors of economic growth of the enterprise, such as the development of labor potential, promotion of employment, compliance with social protection standards and human rights, implementation of environmental aspects of activity, is increasing. In such conditions, the analysis of the company's social policy, which is implemented by the mechanism of corporate social responsibility, becomes relevant. Under modern conditions of increasing global instability, enterprises are interested in increasing the level of predictability of the process of social and economic development, the institutional environment, the achievement of political and economic stability from local to global levels, the sustainable development of social and labor relations, the absence of social conflicts and economic crises, which is necessary for effective activity Therefore, the formation of a strategy of corporate social responsibility in the practice of domestic enterprises at the level of modern business entities is of great importance, which will ensure their sustainable development.
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KLYCHOVA, Guzaliya S., and El'vira R. SALAKHUTDINOVA. "Theoretical approaches to the development of corporate social responsibility of business." International Accounting 25, no. 1 (January 17, 2022): 45–57. http://dx.doi.org/10.24891/ia.25.1.45.
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Subject. This article discusses the problematic aspects associated with theoretical approaches to the formation of corporate social responsibility of organizations of various forms of management. Objectives. The article aims to study the theoretical foundations of the formation and development of corporate social responsibility of business. Methods. For the study, we used the methods of comparison, systematization, and data generalization. Results. The article reveals problematic aspects of formation and presentation of corporate responsibility of business in modern economic conditions. The article offers a classification of indicators of corporate social responsibility, indicators for assessing the effectiveness of socially important business, and it presents principles according to the International Standard ISO 26000:2010 Guidance on Social Responsibility. Conclusions and Relevance. The role and significance of corporate social responsibility of business should be evaluated not only from the point of view of contribution to socially significant and environmental projects, but from the point of view of economic efficiency for the business itself as well. The results of the study can be applied in the development of the theory of corporate social responsibility and in the practice of socio-economic activities of an economic entity in the context of sustainable business development.
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KRAVCHYK, Yurii. "ASPECTS OF BUSINESS SOCIAL RESPONSIBILITY IN THE SYSTEM OF PUBLIC POLICY OF THE COUNTRY SUSTAINABLE DEVELOPMENT." Ukrainian Journal of Applied Economics 6, no. 2 (June 30, 2021): 181–90. http://dx.doi.org/10.36887/2415-8453-2021-2-23.
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The article summarizes the reasons for the weak social responsibility of business entities and the consequences of further non-interference of the state in solving this problem. The sequence of stages of realization of the state policy of activization of social responsibility of business in Ukraine is substantiated. The strategic principles of the policy of strengthening the social responsibility of entrepreneurship in Ukraine are determined. The strategic priorities of the state policy of sustainable development in the context of strengthening the social responsibility of entrepreneurship are specified. Measures are proposed that will help eliminate obstacles to the intensification of social responsibility of entrepreneurship in Ukraine and its regions and ensure sustainable development of the country. It is determined that the improvement of the system of regulation of social responsibility of entrepreneurship in Ukraine requires ensuring the planning and programmability of state policy in this area, as well as the adoption of regulations to determine the main provisions, strategic guidelines, norms and principles of state policy of sustainable development. The interdependence of social responsibility of entrepreneurship with the development of the national economy, including important parameters of social security, determines the need to justify the strategy and to develop and implement measures of the relevant target program of sustainable development. It is substantiated that in order to achieve the strategic goal of the state policy of sustainable development, it is necessary to implement priority operational goals in such areas as: improving the system of protection of workers' rights and ensuring compliance with labor legislation; strengthening the social responsibility of entrepreneurship to society; improving relations between business and the consumer sector; increasing the role of business representatives in environmental protection; ensuring a high level of social responsibility of business entities to competitors and contractors. Keywords: social responsibility of business; sustainable development of the country; public policy; operational goals; development strategy.
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Derkach, Oleksandr. "PRACTICAL ASPECTS OF IMPLEMENTATION OF SOCIALLY RESPONSIBLE AGRICULTURAL BUSINESS IN UKRAINE." MODELING THE DEVELOPMENT OF THE ECONOMIC SYSTEMS, no. 3 (September 29, 2022): 168–72. http://dx.doi.org/10.31891/mdes/2022-5-24.
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The article examines the main practical aspects of the implementation of socially responsible agrarian business in Ukraine, in particular, conscientious business practices; environmental protection activities and resource conservation; development of local society, development of personnel aimed at training and professional development. It is proposed to distinguish the following phases at the current stage of formation and development of social responsibility of domestic agrarian business subjects as a mechanism for increasing their competitiveness: initial, adjacent and terminal. In the first phase of the formation of social programs for the purpose of increasing competitiveness, pilot companies and the development of criteria for assessing the social responsibility of agrarian business entities, principles, the period of implementation and methods of implementation, etc. are determined. The next phase will be considered the holding of an internal social audit by agrarian companies and other subjects of agrarian business. The adjacent stage is a transitional phase of the external assessment of the social responsibility of agrarian business entities, which should provide an assessment by civilian independent experts and the community of the social effect of the activities of agribusiness representatives. The final phase should contribute to the formation of the rating of socially responsible companies of agricultural production in the country, which is also an effective tool for forming their image and customer loyalty, increasing their competitiveness in the domestic space. It is emphasized that the intervention of the state in the sphere of social responsibility of agrarian business should be of a recommendatory, framework nature. The moral support of these processes from the state is especially important for the development of social responsibility of agribusiness subjects in the country. Moreover, some tax breaks for corporations are even more beneficial to the budget and society, since corporations are more accurately and effectively able to solve local regional problems through social responsibility. The business community can either develop its own standard in the area of social responsibility, or join any of the existing Western standards in this area with its adaptation, or provide advisory assistance from the state.
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Kamyshnykova, Evelina. "ANALYSIS OF ENVIRONMENTAL ASPECTS OF CORPORATE SOCIAL RESPONSIBILITY IN ASSOCIATIONS OF ENTERPRISES OF UKRAINE." Economic Analysis, no. 27(4) (2017): 205–10. http://dx.doi.org/10.35774/econa2017.04.205.
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Introduction. The growing relationship between economic, environmental and social aspects of companies’ activities, which corresponds to the concept of sustainable development, has become today's characteristic. Administration of the implementation of environmental measures within the framework of the concept of corporate social responsibility (CSR) is an important task for modern management. Purpose. The article aims to develop theoretical bases on the environmental aspects of CSR in market conditions, to carry out the analysis of their implementation in the practice of domestic groups of enterprises and to improve the practical recommendations for improving the environmental component of CSR. Results. It has been substantiated that the concept of ecological responsibility is inextricably linked with the concept of CSR. It has been proved that a large business represented by big enterprises integrated into combinations of national origin or international corporate groups is the main subject of environmental initiatives in Ukraine. The state, problems and advantages of the development of CSR environmental aspects in Ukraine have been analysed. The range of assessment tools used by Ukrainian business entities to track the effectiveness of environmentally responsible CSR measures has been described. Measures to increase the effectiveness of environmentally responsible CSR practices for enterprises and their combinations have been proposed. They include the integration of environmental values into the mission and vision of companies, the formation of a managers’ team for the implementation of environmental projects, the environmental audits conduction, the priority of those projects where ecological effect is combined with business interests, the introduction of innovative forms of CSR, the implementation of vertical and horizontal environmental investments within the framework of business combinations.
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Chavda, Dharmendra, Maitreya Acharya, and Hard Patel. "A STUDY ON CSR ACTIVITIES IN BANKING SECTOR AS A FACTOR OF ECONOMIC GROWTH." International Journal of Management, Public Policy and Research 1, no. 4 (October 15, 2022): 12–17. http://dx.doi.org/10.55829/ijmpr.v1i4.75.
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Corporate Social Responsibility (CSR) is the compliance of social and environmental aspects throughout the operation of the organization. Business rivalries started taking heavy toll on the quality, transparency, environment and the society in general endangering the peaceful coexistence of business and society. The businesses houses started realizing that they would have to rise over and above the profitability and take care of all those associated with their survival in the society directly or indirectly. This realization resulted into the concept of Corporate Social Responsibility (CSR). This research paper moves around developing an understanding about the corporate social responsibility (CSR), its concept and finding out its scope taking the case study of the SBI.
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БАЙЛО, Володимир. "КОРПОРАТИВНА СОЦІАЛЬНА ВІДПОВІДАЛЬНІСТЬ – ЗАПОРУКА СТАЛОГО РОЗВИТКУ БІЗНЕСУ." Herald of Khmelnytskyi National University. Economic sciences 326, no. 1 (January 31, 2024): 327–34. http://dx.doi.org/10.31891/2307-5740-2024-326-51.
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The concept of corporate social responsibility has evolved significantly and has become an important basis for scientific research and for formulating public policy on economic development in different countries of the world. Under the influence of globalization, businesses are expanding their operations internationally, which leads to increased responsibility to different cultures, social groups and the environment in the conditions of increased competition and changes in consumer behavior. In today's world, corporate social responsibility is not only becoming a widespread trend, but also a requirement for successful business. Growing consumer awareness, increasing environmental and social concerns, and the globalization of the economy make corporate social responsibility strategically important for any company committed to long-term development. Moreover, a socially responsible business has a number of advantages over its competitors. Corporate social responsibility is an integral part of modern business. The article considers corporate social responsibility of business, examines different views of scholars on the concept of "social responsibility", theoretical and practical aspects of corporate social responsibility, and the impact of corporate social responsibility on modern enterprises. The results of studies on the impact of corporate social responsibility on the life of enterprises are analyzed. The approaches to social responsibility are analyzed and the main reasons for implementing corporate social responsibility practices are formulated. The practices of social responsibility of well-known companies on the example of Nike, McDonald's and Starbucks are studied.The main steps that can be effective for developing a corporate social responsibility strategy for business are formulated.
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Vladymyr, Olha, and Nataliia Bazhanova. "Social challenges and social responsibility of business in wartime." Socio-Economic Problems and the State 27, no. 2 (2022): 45–62. http://dx.doi.org/10.33108/sepd2022.nom2.045.
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The article examines the essence of social responsibility of business and its role in the development of the national economy, in facilitating the solution of social problems at various stages of ethical views formation regarding the organization of business, both in the world and in Ukraine. Peculiarities of the manifestation of social responsibility in different territories of our country, which in certain historical periods were part of different countries, are studied. It is revealed the influence of national culture and worldview, as well as political circumstances and restrictions on the identification and self-expression of Ukrainians in various aspects of social life, including economic one, on the formation of economic and socially responsible centers, the main goal of which is the support and social protection of the Ukrainian population, the revival of the economy and education in Galicia. The traditions of Ukrainian patronage, thanks to which the population of Left-bank Ukraine revived their language, culture, writing and painting, and had access to educational and medical services are mentioned. The negative impact of the colonial enslavement of Ukraine by the Soviet Union on the development of social responsibility is considered, primarily due to the destruction of the institution of private property and the introduction of command-administrative management methods. That later served as one of the reasons for the emergence of such processes as shadow economy, corruption, unscrupulous business conduct, tax evasion, non-compliance with legislation, and thus violation of the basic principles of ethics and social responsibility of business at the first stages of the revival of the national economy of Ukraine. However, the article substantiates those similar negative processes took place in most of the modern economically developed countries of the world, during the period when they passed the stage of «wild capitalism», which lasted until the second quarter of the 20th century. Ukrainian society passed this stage in a very quick period, in ten years. And already in 2000, Ukrainian business began to revive ancient Ukrainian traditions of patronage and moved to the next stage of the formation of social responsibility of business – local care, and now to full social management. Analyzing the tragic events and challenges faced by Ukrainian society during the modern Russian-Ukrainian war, the article reveals the extraordinary activity, initiative, and variety of social responsibility projects of domestic businesses that operate in various spheres of activity and on various forms of organization. At the same time, the article substantiates the need to improve conditions for doing business, improve legislation and the judicial system, as one of the components of encouraging entrepreneurs to expand their social responsibility.
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Vutsova, Albena, Martina Arabadzhieva, and Todor Yalamov. "Social responsibility at a university - students' perspectives." e-mentor 101, no. 4 (2023): 45–55. http://dx.doi.org/10.15219/em101.1627.
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This paper explores social responsibility training as part of university educational programmes. The authors compare French and Bulgarian students’ perceptions of various elements of social responsibility and how social responsibility is approached in universities’ curricula. Bulgarian students see social responsibility more often in terms of volunteer work, charitable activities and career opportunities, while French students associate it with environmental aspects. The only statistically significant gender difference in Bulgaria emerged in linking improving working conditions with social responsibility. French students placed stronger emphasis on business and the possible practical applications of social responsibility training offered by universities.
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Dieguez, Teresa, and Leonardo Melo. "Digital Health Challenges in Social Entrepreneurship:." European Conference on Management Leadership and Governance 19, no. 1 (November 13, 2023): 541–48. http://dx.doi.org/10.34190/ecmlg.19.1.1941.
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Ensuring dignified care for needy populations worldwide is a collective responsibility that transcends geographical and environmental conditions. Modern entrepreneurs and businesses should incorporate social responsibility into their core objectives and success plans, recognizing the influence of underprivileged communities on their operations. However, not all organizations possess the internal capacity to actively practice social responsibility due to factors such as business type or staff profile. Consequently, many companies support other institutions dedicated to social causes, viewing it as a business opportunity that can yield modest profits. This article presents a case study of Diagnext.com, a small company that has devoted 14 years to technological innovation in digital health and has made significant contributions to public healthcare. Their initiatives have had a remarkable impact on the Amazon Rainforest's remote populations, including indigenous communities and river dwellers, facilitating hundreds of thousands of medical consultations annually. The case study aims to understand the main factors that drove Diagnext.com's promoters to invest their knowledge in social innovation and how they are proactively building their future. Key aspects explored include the leadership profile of Diagnext.com, ethical and sustainability concerns, transparency, and social responsibility. By analyzing these factors, the article highlights the importance of integrating social responsibility into business practices and the positive outcomes that can be achieved through technological innovation in addressing the healthcare needs of underprivileged populations.
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NETETSKA, Tetiana, and Nataliia MECHENKOVA. "THE ASPECTS OF PUBLIC RELATIONS IN THE STRUCTURE OF CORPORATE SOCIAL RESPONSIBILITY." Ukrainian Journal of Applied Economics 5, no. 2 (May 7, 2020): 181–87. http://dx.doi.org/10.36887/2415-8453-2020-2-22.
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The article considers aspects of Public Relations in the structure of corporate social responsibility. Now in the world practice it is an integral part of the world business. It is shown that according to many experts, they are closely related and in large companies most workflows focus on PR with CSR. All the participants of business process have been involved in solving of this problem. And the nowadays concept of corporate social responsibility is the contemporary answer to it. The main communication between a company and the society is carried out through PR, so these employees are engaged in the process more than others. Thus, public relations became one of the main instruments in CSR interaction. Thanks to the creative field of PR, most of the classic tools, activities can be implemented in countless options in practice. The concept of corporate social responsibility is revealed, which includes: work with partners, social aspects of interaction with suppliers and customers, ensuring the safety of staff, environmental responsibility, policy and use of natural resources, interaction with authorities, government agencies and public organizations to address general social problems. The article focuses on the fact that the organization, as a cyclically developing system, cannot completely avoid crises throughout its existence. That is why it is so important to timely predict and forecast the crisis, to correctly determine its causes and possible mechanisms for resolving or mitigating the crisis itself. The aim of the work was to show that the role of corporate social responsibility in different crises is varied. Corporate social responsibility is one of the few ways out of the crisis. The concept of corporate social responsibility radically changes the role of corporations in the economy. Business is seen not only as a major catalyst for economic growth, but also as an institution that is actively involved in maintaining social stability in society. Keywords: public relations (PR), corporate social responsibility (CSR), crisis.
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Kovačič, Art. "Implementation of Corporate Social Responsibility in Central Europe." Management of Sustainable Development 10, no. 2 (December 1, 2018): 87–98. http://dx.doi.org/10.2478/msd-2019-0013.
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Abstract Corporate Social Responsibility can be understand as a way for managing business activities which integrates economic, social and environmental aspects in harmony with principles of sustainable development that have a positive impact not only on our economic performance but also on our surroundings (employees, partners, customers, the city and region) with a consistent reduction of impacts on the environment via enduring development of human resources, the community and society. It is our continuous obligation to do business ethically, transparently and in accord with CSR principles and to contribute to the economic environment along with improvement in the quality of life of our employees, their families, the local community and, equally also, in society in the broader meaning of this word. Management in enterprises implement the Corporate Social Responsibility approach. Business sustainability is high in CEE enterprises.
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Portna, Oksana, Svitlana Kachula, and Liubov Lysiak. "Social responsibility development in the conditions of globalization: financial flows focus." SHS Web of Conferences 67 (2019): 06042. http://dx.doi.org/10.1051/shsconf/20196706042.
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The article deals with social responsibility system development of the state, business, society. It is shown that the characteristic of development and the result of social responsibility of the state, business, society is the high quality of socio-economic development, balancing the interests of all participants in social relations. Modern complex social relations actualize social issues both within individual countries and in the world dimension. The problems of social responsibility of the state, business, and society concern a wide range of economic, social, financial, environmental and political aspects. The article presents generalized standards and conditions for the development of socially responsible state, business, and society, which are mediated by financial flows. A meaningful characteristic of state, business and society social responsibility development is the social relations institutional participants financial flows focus, which should be considered in unity with the global system and relevant world processes during globalization. The problems of financial flows direction in the conditions of financial and economic globalization are considered. In Ukraine, social responsibility of the state, business, society is non-systemic, fragmentary, situational.
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Omidvar, Mohammadsadegh, and Maria Palazzo. "The Influence of Corporate Social Responsibility Aspects on Business Model Innovation, Competitive Advantage, and Company Performance: A Study on Small- and Medium-Sized Enterprises in Iran." Sustainability 15, no. 22 (November 12, 2023): 15867. http://dx.doi.org/10.3390/su152215867.
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This study explores how the dimensions of corporate social responsibility (CSR) as defined by Carroll, along with environmental responsibility, impact business model innovation (BMI), competitive advantage, and firm performance in small- and medium-sized enterprises in Iran. This paper proposes a theoretical framework, based on past studies. Afterward, structural equation modeling was used to test the conceptual model. The data of this research were collected face-to-face, and 483 valid questionnaires were collected from small- and medium-sized businesses in Iran. The results show that all dimensions of CSR (except philanthropic) directly and significantly affect Business Model Innovation. Furthermore, the competitive advantage is significantly impacted by the economic, legal, and ethical aspects of CSR. Additionally, the findings demonstrate that both BMI and competitive advantage play a direct and substantial role in influencing a company’s performance. This study represents one of the initial investigations to specifically analyze how each facet of corporate social responsibility influences Business Model Innovation and competitive advantage. It is worth noting that a new dimension, environmental responsibility, was incorporated into Carroll’s original model due to the growing significance of environmental concerns. This paper gives managers a better insight into CSR and its effects on company performance. In addition, it shows managers which aspects of CSR can have an impact on BMI and competitive advantage.
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OYEWUNMI, Adebukola E., and Olabode A. OYEWUNMI. "Corporate Social Responsibility in Nigeria: Realities, Modalities and Possibilities." Journal of Advanced Research in Law and Economics 8, no. 8 (September 4, 2018): 2512. http://dx.doi.org/10.14505//jarle.v8.8(30).23.
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This conceptual paper provides a non-revisionist but contextual perspective on the largely controversial issue of corporate social responsibility. It expounds the dimensions of CSR by leveraging on specific global benchmarks whilst highlighting gaps applicable to Nigeria’s business environment. In furtherance of this objective, the essence of the global oil economy is noted, conceptualizations are proffered and contextual issues are discussed. The paper argues that a flexible and innovative model is plausible as a platform to elevate the essence of CSR on multiple levels. It emphasizes the importance of harmonizing the political, business, environmental and legal aspects of CSR to promote corporate sustainability, broad based economic development and community wellbeing.
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Fatima, Mahum, Ghalib Ata, and Aisha Rizwan. "Institutional Pressures and Sustainable Business Practices: A Case of Strategic Environmental Management." Global Economics Review VIII, no. I (June 30, 2023): 196–212. http://dx.doi.org/10.31703/ger.2023(viii-i).18.
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Sustainability and environmental conservation have become key concerns for the developing and developed world, prompting firms to embrace sustainable business practices. The recent decade has witnessed a rise in environmental sustainability consciousness, with businesses and legislators incorporating environmental aspects into their strategic planning and practices. Strategic environmental management emphasizes the implementation of environmental management strategies through the incorporation of environmental concerns into business plans and decisions. This study proposes to investigate the isomorphic pressures that influence organizational behaviour and the significant determinants for addressing sustainable business practices. The qualitative research design is adopted and data is primarily collected through semi-structured interviews. The findings of this study from four significant service sectors highlighted various certifications, business requirements, corporate image and corporate social responsibility as the driving forces behind strategic environmental management. Legislations from government the appeared as the most influential factor to assume responsibility for the environment and society by the firms.
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Shcherbak, Valeriia, Оlena Nifatova, Mykhailo Kuzheliev, Olena Erkes, and Olha Mylashko. "The assessment of corporate social responsibility at Ukrainian banks." Banks and Bank Systems 14, no. 3 (September 27, 2019): 140–51. http://dx.doi.org/10.21511/bbs.14(3).2019.12.
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Corporate social responsibility issues are becoming increasingly important in the banking sector. It refers to the responsibility of banks for their business activities subject to conceivable implications for society and the environment. Currently, the modern banking system in Ukraine is in the process of shaping its own model and integrating corporate social responsibility into all business processes. Thus, it is argued that objective comprehensive assessment of corporate social responsibility of Ukrainian banks is an essential prerequisite to enhance their performance, along with building a good rapport with clients and encouraging trust in society. From the above perspective, this article suggests an approach to assess corporate social responsibility at banks which entails implementing consistent stages in evaluating the development degree of the three corporate social responsibility components: social, environmental and economic. The assessment framework substantiates a set of indicators for measuring the degree of corporate social responsibility at banks by estimating the ratio of the GRI related aspects in the financial statements of banks, and identifying the possibility to implement the main provisions of the Social Accountability International 8,000 standard and the GRI G4 (Global Reporting Initiative). The proposed approach to measuring corporate social responsibility in banking through the instruments of a three-dimensional matrix and to positioning the banks by the areas of their corporate social responsibility has been tested by processing an array of 82 non-financial reports of 31 banks over the 2016–2018 period.
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Hadjikhani, Amjad, Joong Woo Lee, and Sohee Park. "Corporate social responsibility as a marketing strategy in foreign markets." International Marketing Review 33, no. 4 (July 11, 2016): 530–54. http://dx.doi.org/10.1108/imr-03-2014-0104.
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Purpose – The authors are witnessing the increasing extent of corporate social responsibility (CSR) performance as strategic behaviour specifically in emerging markets. The purpose of this paper is to investigate how multinational companies (MNCs) manage CSR activities in emerging markets to aid their core business activities. In line with this question, the paper aims to develop a theoretical view for deeper understanding of the strategy in CSR practices aiding internationalization. The view is based on a business network perspective highlighting the four concepts of learning, commitment, legitimacy and trust. Design/methodology/approach – The methodology employed is qualitative, based on interviews with involved parties. The case study is about the experiences of a Korean MNC’s CSR strategy when entering into the Chinese electronics industry. Findings – The case illustrates how the Korean MNC committed resources to gain trust and legitimacy that improved their market position. It further manifests that the firm’s CSR strategy was proactive because of the large commitment in several long- and short-term projects towards the society. Investment in social issues like education, environmental problems and communities aided the firm’s entry. Research limitations/implications – The study has a qualitative and in-depth nature. Future research is needed in order to generalize the proposed theoretical frame. Practical implications – The study manifests how a MNC employs CSR strategy for internationalization in a foreign market. It shows how managers can undertake different practical CSR measures to enter and expand in foreign markets. Social implications – While internationalization of firms is mainly based on their business commitment towards counterparts or business firms, the study shows how CSR strategy and activities towards the society support their businesses. Originality/value – While internationalization of firms is mainly based on their business commitment towards counterparts or business firms, the study shows how CSR strategy and activities towards the society support their businesses. The study investigates CSR strategy and enlightens activities like education and environmental problems. The study further develops the business network view and includes social aspects. The theoretical view holding the four relationship elements of trust, knowledge, legitimacy and commitment permits deeper understanding of the MNC’s proactive CSR behaviour in new markets.
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Shymanska, Oksana, and Ivan Hdal. "PRACTICAL ASPECTS OF THE CORPORATE SOCIAL RESPONSIBILITY IMPLEMENTATION (ON THE EXAMPLE OF THE DOMESTIC BANKING SECTOR)." Innovation and Sustainability, no. 4 (December 28, 2023): 98–107. http://dx.doi.org/10.31649/ins.2023.4.98.107.
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In modern economics, both at the global and national level, there is a paradigm shift from exclusively market values to the values of socio-economic development, which prompts businesses to take into account the principles of corporate social responsibility (CSR), which represents a voluntary response to social problems, the fulfillment of moral and ethical requirements formed by society. Companies, realizing the advantages of a socially proactive position, are increasingly involved in solving social and environmental problems on a systemic basis, thereby strengthening their own reputation and positive image. This is especially relevant for banking institutions that are characterized by unstable functioning. The profitability of banks today is determined not only by their technological level in terms of providing services, however increasingly by their "profile" in the social environment, the foundation of which is reputation and compliance with the principles of social responsibility, which, at the same time, play the role of triggers in the formation of the foundation of trust in banking institutions. According to the results of the research, it was found that CSR practices implemented by Ukrainian banks are generally aimed at integrating the principles of social responsibility into corporate policy and the strategy of social investment growth in accordance with the interests of both internal and external stakeholders. Despite the fact that socially responsible business in the domestic banking sector is characterized by multifaceted implementation directions, banks generally use social and environmental CSR models, which mostly reflect the types of social support. The largest banks resort to a variable approach in the implementation of CSR initiatives that have an impact on various aspects of society. Other banks tend to use either an extensive system of corporate social responsibility, or choose one line of work, implementing it in full. CSR in the domestic banking sector is currently in its infancy, as its implementation requires business excellence and targeted balance.
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Shekhovtsova, Victoria, Olena Guzenko, Oksana Soldatenko, and Oksana Borysiuk. "Norms of International and Financial Law: General Features and Problems (Aspects of Public Administration)." Financial Engineering 1 (June 1, 2023): 96–104. http://dx.doi.org/10.37394/232032.2023.1.9.
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The rules of financial law in connection with the worldwide spread of sustainable development concept apply to the social and environmental aspects of the operation of companies. EU legislation provides for accountability of organizations for the management of social and environmental challenges. This study aims to highlight the common features and issues of financial law at the international and national levels on the example of companies with international investment. Results of the research. The study highlights how companies with international investment in Ukraine ensure compliance with financial law and how this practice generally affects business strategy, business model, social behavior, and environmental protection. The common features of the norms of international and financial law within the EU are determined due to the adaptation and policy of integration of the norms into the national legal framework. Member States have adapted the new provisions of Directive 2014/95/EU, companies make public social and environmental operations following the new requirements. The implementation of financial law standards provides the company with several advantages. CSR reporting may not be in line with the actual business focus on environmental sustainability, as it stems from the voluntary nature of this type of reporting, which is contained not only in the law of Directive 2014/95/EU but also in the reporting of Italian, Spanish, Ukrainian companies. Sustainability reports do not guarantee effective management practices for the company’s environmental and environmental issues. The theoretical value of this study lies in complementing the concept of social responsibility: the concept of social responsibility applies to reporting to investors, not society, helping to create business value and increase investment opportunities and maintain profitability.
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Armansyah, Armansyah. "IMPLEMENTASI PROGRAM BINA LINGKUNGAN SEBAGAI STRATEGI PENGELOLAAN TANGGUNG JAWAB SOSIAL PERUSAHAAN: TINJAUAN DARI PERSPEKTIF CSR." Jurnal Rechten : Riset Hukum dan Hak Asasi Manusia 5, no. 3 (March 13, 2024): 22–32. http://dx.doi.org/10.52005/rechten.v5i3.136.
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ABSTRACT
Corporate as business entities have obligations in social and environmental responsibility or known as CSR. The community development program is the development of Corporate Social Responsibility (CSR) Implementation which is used as the Company's effort in sustainable development based on the 3P principle; namely Profit, People, and Planet. This study aims to analyze the implementation of the Community Development Program as a strategy in CSR management and analyze the implementation of CSR arrangements in the strategy of managing corporate responsibility in environmental aspects. The method in this study is normative juridical research. with the approach used, namely the Statutory Approach, Conceptual Approach, Case Approach. The implementation of the Community Development program is a strategic step that can have a long-term positive impact on the company. One important aspect of the Community Development Program is its focus on sustainable development. Companies that involve themselves in this activity not only pay attention to the current environmental aspects, but also aim to leave positive for future generations. By adopting eco-friendly practices and sustainability projects, companies can create a sustainable positive impact in the long run. and the implementation of Corporate Social Responsibility (CSR) arrangements in environmental responsibility management is an important step taken by companies to maintain a balance between business sustainability and social and environmental impacts. CSR regulation in environmental responsibility management is not just about complying with regulations or meeting market expectations. but also, as an effort to create long-term value, build strong relationships with stakeholders, and become agents of positive change in society.
Keywords : Community Development Program, Corporate, Social and Environmental, Responsibility
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Bieloborodova, Mariia. "SOCIAL RESPONSIBILITY OF HOSPITALITY BUSINESS IN UKRAINE: A RETROSPECTIVE ANALYSIS." Economies' Horizons, no. 3(25) (September 30, 2023): 36–46. http://dx.doi.org/10.31499/2616-5236.3(25).2023.286654.
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The article is devoted to a scientific generalization of social responsibility areas of hospitality industry in order to highlight the strategic priorities of its further development in the process of European integration and post-war recovery. Research methods: retrospective analysis, theoretical generalization, classification, grouping. It was determined that the modern consumer actively broadcasts his demand for environmental friendliness, a healthy and conscious lifestyle, while not neglecting the requirement of high service quality. Without the process of institutionalizing social responsibility, it is quite difficult for businesses to respond to these requests.
4 stages of social responsibility development of hospitality industry were summarized, namely: pre-institutional stage (internal social responsibility directed mainly at employees; charity), stakeholder stage (taking into account the interests of both internal and external stakeholders at all stages of the product cycle), sustainable development stage (includes three directions: environmental friendliness, accessibility, quality assurance in compliance with the Sustainable Development Goals), the stage of activity in war conditions (includes three directions: volunteering, isolation and boycott of the russian federation, countering violence and harassment). Each of these four stages does not lose its relevance, because the service sector is diverse and connected with all other sectors of the national economy. It was determined that the main content of the social responsibility of hospitality industry in Ukraine is the provision of quality services in compliance with ecological and ethical aspects when interacting with both internal and external stakeholders. Understanding what was and is important for the Ukrainian service sector in the field of CSR provides an opportunity for harmonious integration into the European and international business space, the spread and observance of the principles of ethics, accessibility, and environmental friendliness in the post-war recovery of the country's economy.
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Yefremova, N. "Marketing aspects of corporate social responsibility in the context of innovative development of business structures." Galic'kij ekonomičnij visnik 66, no. 5 (2020): 155–61. http://dx.doi.org/10.33108/galicianvisnyk_tntu2020.05.155.
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In the era of innovations business operation on the principles of socially responsible marketing is becoming more and more important. Socially responsible marketing is the responsibility for business activities to society. In Ukraine, the use of socially responsible marketing is free choice. In foreign countries, socially responsible marketing is a self-regulating norm of doing business. Most foreign companies understand this type of marketing as being honest with the company's mission, values and business principles, compliance with the law, taking into account national and cultural values, as well as socio-political events; responsibility for product consumption, prohibition to associate product consumption with personal or professional success; compliance with codes of practice, rules and norms of behavior, providing product samples. The principles of behavior in the market of large well-known companies from the standpoint of socially responsible marketing are analyzed in this paper in detail. The analysis is carried out on the basis of marketing concepts – traditional, socio-ethical, social, environmental, as well as A. Maslov’s theory of needs, M. Friedman’s theory of corporate selfishness of. There is the need to focus modern domestic management on the business structures management system based on the concept of socially responsible marketing. Its creation will bring the process of business structures management to a qualitatively new level. As an element of strategic management, social responsibility implies obtaining economic, social and environmental performance in the context of corporate sustainability. The introduction of the principles of socially responsible marketing in business entities activities should result in the improvement of its reputation, increase of its image and recognition; should contribute to brand strengthening, new markets entry, increase of innovative activity, consumer confidence, share value and investment opportunities, attraction of new consumers. In addition, it should result in the growth of economic and social efficiency, competitiveness.
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ЄМЕЛЬЯНОВА, Олена, Вікторія ТИТОК, and Ольга ПИЛИПЧУК. "ASPECTS OF SOCIAL RESPONSIBILITY AND SUSTAINABLE DEVELOPMENT OF THE CONSTRUCTION COMPANY." Herald of Khmelnytskyi National University. Economic sciences 330, no. 3 (May 30, 2024): 165–71. http://dx.doi.org/10.31891/2307-5740-2024-330-24.
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The article describes the main aspects of social responsibility and sustainable development of a construction company. It is noted that the social responsibility of construction enterprises is based on the concept of social responsibility, which is the responsible attitude of enterprises to their employees, consumers, partners and products they produce. It is noted that an important document regulating the main aspects of social responsibility of a construction company is the international standard ISO 26000, which takes into account the social requirements of the enterprise and serves as a guide to sustainable development. It was found that areas for improving the social responsibility of the construction business include improving equality and diversity, well-designed buildings and structures. Social responsibility should be at the heart of the construction business, reducing carbon emissions, reducing waste from construction projects, supporting local communities, and improving working conditions for employees. It is noted that in order to comply with the principles of sustainable development, construction companies should focus not only on profit, but also on key areas: people and the environment, since the main goals of sustainable construction are to minimize the depletion of natural resources, reduce greenhouse gas emissions and promote the well-being of both residents and surrounding communities. The advantages of sustainable development in the construction industry are highlighted. The importance of LEED certification is stated. The article characterizes the BREEAM building standard, which provides a basis for creating new building elements that are highly efficient and durable. It is noted that the sustainable development of a construction enterprise is regulated by the ISO 14001 standard "Environmental Management Systems. Requirements and Guidelines for Use", the main purpose of which is to minimize the harmful impact of the enterprise's production activities on the environment.
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Drobyazko, Svetlana, Tetiana Hilorme, Dmytro Solokha, and Oksana Bieliakova. "Strategic policy of companies in the area of social responsibility: Covid-19 challenges." E3S Web of Conferences 211 (2020): 04011. http://dx.doi.org/10.1051/e3sconf/202021104011.
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COVID 19 is a litmus test for TNCs in the field of social responsibility. A scientific and methodological approach to determining the level and activation of corporate social responsibility (CSR) of business in the national economy in the form of a three-dimensional matrix model of positioning the level of development of CSR of business units in the coordinate system: social, environmental and economic components of CSR has been developed. The methods used in the study, the construction of the Gibbs Triangle and the method of taxonomy to determine the most influential aspects of GRI reporting (G4), allowed to propose a CSR monitoring system for key business performance indicators. The results of the analysis of this study allow distinguishing five areas of responsibility: the necessary level of responsibility - for statutory obligations, the developed level - active charitable and sponsorship, high level - responsibility to internal and external stakeholders, strategic - focus on the social investment state level, as well as synergetic - a comprehensive combination of all components of the CSR. In conclusion, the level and activation of corporate social responsibility of industrial enterprises in the form of a three-dimensional matrix model of positioning the level of development of business units in the coordinate system: social, environmental, and economic components, has been determined to develop alternative scenarios to justify management decisions.
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Gennari, Francesca. "Women on boards and corporate social responsibility." Corporate Board role duties and composition 12, no. 1-1 (2016): 101–8. http://dx.doi.org/10.22495/cbv12i1c1art3.
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Data by EU Commission show a low representation of women on boards. The scope of this article is to read contemporary and according to a managerial approach the possible causes of this situation: the availability of skills possessed by women to cover top positions, the presence of binding or self-regulatory rules and the corporate culture towards CSR approach. Our research is focused on EU countries, where the gender equality on board is currently matter of attention and regulatory interventions. We conclude that the scarce presence of women in the boardrooms is not ascribable to a scarcity of expertise, but it is associated with a social background and a corporate culture not inspired by corporate global responsibility values. Regulatory interventions may accelerate the consciousness of gender balance on boards, but without companies’ commitment in CSR matters and without a clear vision of corporate global responsibility (including economic, social and environmental aspects), they tend to become additional tasks in the management of corporate compliance risk.
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Bevan, Emma A. M., and Ping Yung. "Implementation of corporate social responsibility in Australian construction SMEs." Engineering, Construction and Architectural Management 22, no. 3 (May 18, 2015): 295–311. http://dx.doi.org/10.1108/ecam-05-2014-0071.
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Purpose – The purpose of this paper is to investigate the implementation of corporate social responsibility (CSR) related activities in small to medium sized construction enterprises within Australia. Reasons behind the implementation level are also evaluated. Design/methodology/approach – Quantitative and qualitative company level data from 28 Australian small to medium sized construction enterprises were collected using an in-depth questionnaire. Levels of CSR implementation in three aspects, namely, environmental, social and ethical, were measured. Each aspect was broken down into sub-areas and implementation scores were aggregated and normalised. Awareness level and concern for economic aspect, the two hypothesised reasons for level of implementation, were also measured. Non-parametric correlation analyses were used to examine the hypotheses. Findings – The findings suggest small to medium-sized enterprises (SMEs) incorporate some aspects of CSR into their business activities even though they do not refer to the practices as CSR, as none of them have a formal CSR policy in place. Most SMEs in the construction industry implement ethical and economic aspect of CSR; however implementation across environmental and social issues is limited. Non-parametric correlation analyses show that higher awareness of CSR issues leads to higher levels of implementation and that concern about economic aspect is not a reason why CSR is not implemented into business practices. Research limitations/implications – Everett Rogers’ diffusion paradigm can also be applied to CSR implementation, but more research works are required to theoretically and empirically examine the relationships between CSR implementation and economic aspect. Originality/value – It is apparent that there is a significant gap in the research regarding Australian SMEs and sustainability issues as the majority of the literature is focused upon large organisations even though the approaches taken by SMEs towards CSR are very different to those of large corporations. The SME business sector is a significant sector in terms of its environmental, economic and social impacts. Hence recognition of this sector is growing and is now becoming the focus of an agenda to promote the implementation of CSR practices in SMEs. This paper aims to provide useful and detailed information to add to what is currently an underdeveloped body of knowledge in this area.
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Tapuriah, Aarav. "EMPOWERING COMMUNITIES: A STUDY OF CORPORATE SOCIAL RESPONSIBILITY IN INDIA AND ITS IMPACT ON SOCIAL AND ENVIRONMENTAL DEVELOPMENT." International Journal of Social Science and Economic Research 08, no. 04 (2023): 804–26. http://dx.doi.org/10.46609/ijsser.2023.v08i04.018.
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During my 9th and 10th grades, from March 2020 to December 2021, I witnessed the extensive impact of COVID-19 on all aspects of life. Seeing how businesses shut down and individuals and communities were impacted, I realized that I wanted to pursue business, but with a specific focus on the role business can play in the community. Although I had always been interested in business and entrepreneurship, this period solidified my decision. I searched for opportunities to study or intern in companies during my summer holidays, but due to the pandemic, these possibilities did not exist. Instead, I followed the news, which was dominated by growing COVID-19 numbers, vaccinations, and mainly the human aspect. I saw how people were struggling with their jobs, taking care of their families, and adapting to several new realities of life. However, what impressed me the most was how the Indian corporate sector, including Indian companies of all sizes and multinationals in India, went the extra mile to help people who had lost their jobs or were facing hardships within their families. I realized that these activities fell within the scope of Corporate Social Responsibility (CSR), which companies regularly do. I also witnessed my mother working in community-building initiatives even before the pandemic. I realized that CSR is a crucial aspect of business, particularly in India, and that I wanted to explore it further. My research paper focuses on CSR, its types, scope, the top 10 companies in India by CSR spends. It also features case studies of two large Indian corporations that I admire for their diversity, namely ITC and TCS, as well as Cosmo First, with which I was personally involved in CSR.
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AGAYGELDI, B. E. "КОРПОРАТИВНАЯ ОТВЕТСТВЕННОСТЬ КАК ОДИН ИЗ КЛЮЧЕВЫХ АСПЕКТОВ УСПЕХА КОМПАНИИ." Экономика и предпринимательство, no. 12(149) (May 21, 2023): 1205–8. http://dx.doi.org/10.34925/eip.2022.149.12.238.
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Corporate responsibility, also known as corporate social responsibility (CSR), is a concept that has gained significant attention in recent years. It refers to a corporation's responsibility to consider the social, environmental, and economic impacts of its activities and to act in a way that benefits society as a whole. This abstract explores the importance of corporate responsibility and the benefits it can bring to businesses. It discusses the key areas of focus for CSR, including environmental sustainability, social justice, ethical labor practices, and community engagement. The abstract also looks at some of the challenges that companies face when implementing CSR initiatives, such as cost and resource constraints, as well as issues related to measuring and reporting on their impact. Ultimately, the abstract argues that corporate responsibility is essential for long-term business success and can contribute to a more sustainable and equitable society. Корпоративная ответственность, также известная как корпоративная социальная ответственность (КСО), - это концепция, которая в последние годы привлекает к себе значительное внимание. Она означает обязанность корпорации учитывать социальные, экологические и экономические последствия своей деятельности и действовать таким образом, чтобы приносить пользу обществу в целом. В данной работе рассматривается важность корпоративной ответственности и преимущества, которые она может принести бизнесу. В нем обсуждаются основные направления КСО, включая экологическую устойчивость, социальную справедливость, этическую трудовую практику и взаимодействие с общественностью. В работе также рассматриваются некоторые проблемы, с которыми сталкиваются компании при реализации инициатив КСО, такие как ограничения по стоимости и ресурсам, а также вопросы, связанные с измерением и отчетностью об их влиянии. В конечном итоге, в статье утверждается, что корпоративная ответственность необходима для долгосрочного успеха бизнеса и может способствовать созданию более устойчивого и справедливого общества.
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Burhany, Dian Imanina. "AKUNTANSI SOSIAL SEBAGAI ALAT BANTU PELAPORAN PERTANGGUNGJAWABAN SOSIAL PERUSAHAAN (CORPORATE SOCIAL RESPONSIBILITY)." Balance: Media Informasi Akuntansi dan Keuangan 12, no. 2 (July 11, 2020): 41–55. http://dx.doi.org/10.52300/blnc.v12i2.1881.
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Corporate social responsibility (CSR) is a central issue in business nowdays. Because of pressure of their stakeholder in one side and with understanding about the important of CSR for sustainability in the other side, most firms now not only care about ec onomic asspect of their business but also care about other aspects that are social and environmental or many others else that are affected by firms operational. To disclose and report CSR, firms need social accounting. Social accounting can help firms in formulating and generating corporate social reporting so that stakeholder can read, evaluate and mak e important decisions about the firms.
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Marlina, Desy, and Syahril. "ENVIRONMENTAL ACCOUNTING FOR THE MANAGEMENT OF CORPORATE SOCIAL RESPONSIBILITY PT.GARAM KALIANGET." International Journal of Global Accounting, Management, Education, and Entrepreneurship 2, no. 2 (April 29, 2022): 89–96. http://dx.doi.org/10.48024/ijgame2.v2i2.52.
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Environmental Accounting is the policy of incorporating environmental costs into the business practices of companies or government agencies. Corporate Social Responsibility (CSR) is a transparent and ethical behavior that supports the welfare of the community and the environment, which is integrated or applied through social activities within the organization. This research was conducted at PT. Garam (Persero) Kalianget by using Karanganyar village as one of the clarification villages as recipients and managers of CSR provided by PT. Garam (Persero) Kalianget. The results showed the application of environmental accounting at PT. Garam (Persero) Kalianget. good and optimal, this can be seen from the results of the analysis carried out by researchers using 4 aspects of environmental accounting that have been carried out well and also in the disclosure of realized costs is very transparent. For waste management, PT. Garam (Persero) Kalianget has met the feasibility standard.
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Rumanko, Boris, Jana Kozáková, Mária Urbánová, and Monika Hudáková. "Family Business as a Bearer of Social Sustainability in Multinationals-Case of Slovakia." Sustainability 13, no. 14 (July 12, 2021): 7747. http://dx.doi.org/10.3390/su13147747.
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Social sustainability is slowly becoming a more important aspect of a company’s management, particularly in the case of multinational companies with an international network of subsidiaries placed in diverse cultural and social environments. The concept of social sustainability is strongly connected with a considerable number of stakeholders, compared to the environmental and economic aspects of sustainability. The nature of activities under the social pillar of corporate responsibility connects social sustainability with family business, which aims at the principles of social solidarity, equality and ethics. This article uniquely analyzes selected aspects of social sustainability on a sample of 201 Slovak subsidiaries of foreign multinationals and finds differences between family and nonfamily ones. Surprisingly, the conducted research proved that the examined family businesses cannot be considered as bearers of social sustainability in Slovakia, since, in many aspects, the nonfamily businesses implemented the monitored aspects in larger measures, and there were only two factors that turned out to be significant, according to the type of business ownership. Equal opportunities in the workplace were the only variable, due to which significant differences were seen, according to the factor of a family business and the factor of employees’ gender simultaneously, which makes it a crucial variable. The conducted study fills the gap in explanation of interconnections between social sustainability, family business and equal gender opportunities, which makes it unique not just in Slovak conditions.
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Koltukova, Elizaveta A., and Petr S. Scherbachenko. "CORPORATE SOCIAL RESPONSIBILITY UNDER THE INFLUENCE OF THE BANKING SECTOR: CURRENT STATE AND DEVELOPMENT PROSPECTS." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 6/1, no. 126 (2022): 60–65. http://dx.doi.org/10.36871/ek.up.p.r.2022.06.01.008.
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This article examines the state of corporate social responsibility in Russia, the dynamics of development of this area under the influence of the banking sector and it’s development prospects. The paper reveals the content of the following aspects: corporate social responsibility, the role of corporate governance in business, the role of the banking sector in the development of responsible investment. The study is relevant because it reflects the interest of Russian business in the topic of corporate responsibility, which has been growing since 2020 and is facing obstacles due to the situation in the world.
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Distiawati, Rania Putri, Ery Tri Djatmika Rudijanto Wahju Wardhana, and Puji Handayati. "Environmental Cost Analysis of PT. Gudang Garam Tbk." International Journal of Accounting & Finance in Asia Pasific 4, no. 1 (February 27, 2021): 15–23. http://dx.doi.org/10.32535/ijafap.v4i1.1029.
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In CSR activities, the initial concept of these activities is called the triple bottom line which consists of three corporate responsibilities in its business operations including people, planet, and profit. The data analysis technique used in this study is descriptive and comparative analysis of the sustainability report. The three aspects in the triple bottom line concept of CSR activities are the company's responsibility with the people, or the surrounding community by making social activities, corporate responsibility with the planet in various ways to overcome water, air, and soil waste. The last one is the company responsibility for profit that is also obtained from the good image which makes consumers become loyal customers of the company.
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Nguyen, Thi Thu Thuy, Thi Thu Trang Nguyen, Thu Trang Tran, Tuan Anh Luong, and Khanh Cuong Luu. "The effect of corporate social responsibility on green supply chain management and firm performance." Uncertain Supply Chain Management 10, no. 3 (2022): 807–18. http://dx.doi.org/10.5267/j.uscm.2022.3.013.
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Corporate social responsibility and green supply chain management are sustainable strategies that all enterprises always aim to improve firm performance and sustainable development. The objective of the study is to evaluate the impact of social responsibility on green supply chain management and performance of Vietnamese construction enterprises. The study collected data of Vietnamese construction enterprises through online and in-person surveys, then analyzed the data using Smart PLS software. The results show that social responsibility has a positive and statistically significant impact on green supply chain management and performance of construction enterprises on all three aspects of economy, society and environment. However, green supply chain management only has a statistically significant impact on environmental performance. From there, it shows that businesses should implement social responsibility and participate in green supply chains and practice green supply chain management to improve business efficiency and sustainable development.
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Shekhovtsova, Victoria, Olena Guzenko, Oksana Soldatenko, Valeriiy Vorotin, Zoriana Buryk, and Oleg Diegtiar. "Norms of International and Financial Law: General Features and Problems in the Context of Sustainable Development (Aspects of Public Administration)." PROOF 2 (May 10, 2022): 130–37. http://dx.doi.org/10.37394/232020.2022.2.16.
Full textAbstract:
The rules of financial law in connection with the worldwide spread of sustainable development concept apply to the social and environmental aspects of the operation of companies. EU legislation provides for accountability of organizations for the management of social and environmental challenges. This study aims to highlight the common features and issues of financial law at the international and national levels on the example of companies with international investment. Results of the research. The study highlights how companies with international investment in Ukraine ensure compliance with financial law and how this practice generally affects business strategy, business model, social behavior, and environmental protection. The common features of the norms of international and financial law within the EU are determined due to the adaptation and policy of integration of the norms into the national legal framework. Member States have adapted the new provisions of Directive 2014/95/EU, companies make public social and environmental operations following the new requirements. The implementation of financial law standards provides the company with several advantages. CSR reporting may not be in line with the actual business focus on environmental sustainability, as it stems from the voluntary nature of this type of reporting, which is contained not only in the law of Directive 2014/95/EU but also in the reporting of Italian, Spanish, Ukrainian companies. Sustainability reports do not guarantee effective management practices for the company's environmental and environmental issues. The theoretical value of this study lies in complementing the concept of social responsibility: the concept of social responsibility applies to reporting to investors, not society, helping to create business value and increase investment opportunities and maintain profitability.
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Tedjasuksmana, Budianto. "Dimensi Pengukuran Akuntansi Pertanggung Jawaban Sosial Dalam Corporate Social Responsibility Dan Sustainability Reporting." BIP's JURNAL BISNIS PERSPEKTIF 4, no. 2 (July 31, 2012): 178–97. http://dx.doi.org/10.37477/bip.v4i2.150.
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The topic of social responsibilities reporting usually relates with the responsible for firms to their direct owners (shareholders) alone, or do they owe a duty to the wider community in which they operate. A firm should voluntarily discloses information publicly about its social and environmental performance that implies the managers are acknowledging that they are accountable to abroad group ofstakeholders in relation not to only their financial performance, but also their social and environmental performance. Those environmental aspects should be described in a lot of progress in their social publicly responsibilities reporting, hoping that all shareholders know completely the whole position and financialperformance, risks, business prospects and corporate sustainability. The accountability for these report disclose all aspects that shows measurement of company’s social performance as a key success factor for social performance measurement. Socio Economic Enviromental Accounting is wide-spread concept for firms wishing to realize broader societal and environmental objectives inaddition to increasing shareholdes value.
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Rekunenko, I., V. Kubatko, Yu Myroshnychenko, and V. Lyutiy. "CORPORATE SOCIAL RESPONSIBILITY MANAGEMENT IN THE CONTEXT OF ACHIEVING SUSTAINABLE DEVELOPMENT GOALS." Vìsnik Sumsʹkogo deržavnogo unìversitetu 2021, no. 4 (2021): 88–98. http://dx.doi.org/10.21272/1817-9215.2021.4-11.
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Recently, the importance of corporate social responsibility in society has grown significantly. It was formed in developed countries, but despite this, over time it was adopted by organizations, enterprises and corporations in many developing countries. Due to the existence of economic, environmental, social and political problems in the world, there is a need to reconsider the relationship between business, society and government. Given the fact that the priority goals of world politics are constant growth and development, in the current reality, sustainable development remains the central concept of today, because it is the main method of solving problems that arise in the context of globalization and society development. That is why the study of the business structures, enterprises, corporations, public authorities and other organizations role in achieving of sustainable development goals using the provisions of corporate social responsibility as an effective tool to achieve this goal deserves special attention. The main directions of corporate social responsibility development in the modern business environment include the introduction of modern labor and business practices, organizational management, human rights, environmental protection, ethical relations with consumers, active participation in community life and support for social projects. As international practice shows, the implementation of corporate social responsibility provides companies with a number of advantages, in particular, improves business reputation, image, increases the trust of government and society. The article considers the theoretical aspects of modern business structures corporate social responsibility development, the advantages and obstacles in the implementation of companies CSR activities. Based on the bibliometric content analysis, the relationship between corporate social responsibility and sustainable development was established and analyzed. By use of software in the study, research clusters in the context of CSR and sustainable development interaction were identified and analyzed. The realization ways of effective CSR management in modern companies are offered and the further directions of researches are defined.
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Magdalena, Magdalena, Eko Ganis Suharsono, and Roekhudin Roekhudin. "Reflection of Corporate Social Responsibility Implementation: Community Engagement In Sustainability Aspects." International Journal of Multicultural and Multireligious Understanding 5, no. 5 (January 27, 2019): 357. http://dx.doi.org/10.18415/ijmmu.v5i5.526.
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Social responsibility is a form of business commitment to continue acting ethical, operate legally in sustainable economic development to all stakeholders and the wider community. The aim of the study was to reflect on Corporate Social Responsibility at PT. BNI regarding Community Engagement? The research approach used is a qualitative approach. The interpretive paradigm is used by researchers so that they can assist researchers in achieving the objectives in carrying out research by reflecting the CSR of PT. PTI (Persero) Tbk. The primary data source in this study was through interviews with corporate and community CSR staff and direct observation to review the implementation of the PT.BNI CSR program. While secondary data sources are annual reports and sustainability reports (CSR). Researchers use the type ofmethod content analysis guided by sustainability accounting (Sukoharsono, 2010). The results of the research on the implementation of CSR to the community through partnership and community development programs have a good impact on the welfare of the community which are examined based on 4 aspects, namely social, economic, environmental and spirituality.
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Panta, Nancy Diana. "WHERE DOES CORPORATE SOCIAL RESPONSIBILITY STAND IN RELATION TO SUSTAINABILITY?" Oradea Journal of Business and Economics 3, no. 1 (March 2018): 84–93. http://dx.doi.org/10.47535/1991ojbe038.
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The business competitive landscape of today is shaped by new challenges. In order to outperform their peers, companies seek to seize opportunities and manage the risks associated with the challenges that arise. To this adds the pressure of societies on organizations to be more transparent, ethical and responsible. Corporate Social Responsibility (CSR) and sustainability come in response to this increasing demand of societies by being a pivotal tool in the business area. Organizations of the 21st century can no longer ignore CSR and sustainability and should follow the steps of integrating them across all departments as part of their strategic policy. Sustainable organizations are required to direct their interest beyond the economical factor and extend their goals towards environmental and social aspects. By integrating environmental and social concerns in the daily operations of a company, new models of doing business emerge and a synergy with various stakeholder groups takes place. Although a significant amount of attention has been headed towards the conceptualisation of CSR and sustainability, they both remain contested concepts. Therefore, the present paper depicts the effort to follow the emergence and conceptualization of CSR and sustainability from their origins, to introduce the changing meaning of CSR and to bridge the gap between the two concepts. Through literature review, the paper will provide relevant theoretical underpinnings that link CSR and sustainability.
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Lunkina, Tetiana. "Corporate social responsibility in banking institutions: foreign experience." Modern Economics 31, no. 1 (February 20, 2022): 77–81. http://dx.doi.org/10.31521/modecon.v31(2022)-11.
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Abstract. Introduction. The study examines the development of corporate social responsibility in banking institutions around the world. It is established that the foreign experience of corporate social responsibility is diverse, as it is related to the historical conditions of development and the peculiarities of the country's mentality. It has been found that in continental European countries, the concept of CSR has been more widely interpreted in the relationship between society and business; the American model of social responsibility implies greater independence of corporations; in continental Europe, there is a hidden form of corporate social responsibility; The Chinese model of corporate social responsibility is a hybrid of continental and American models; the Japanese model of corporate social responsibility is focused on the internal environment of the city's enterprise and assumes that the company has a solidary reputation. The analysis of the directions of development of corporate social responsibility of foreign banking institutions is carried out. As for Ukraine, the most common areas of CSR, including in the banking sector, are: conscientious payment of taxes, compliance with the law, charity. While enterprises of foreign origin, in addition to the above aspects, also see compliance with civil society, care for the environment, care for employees and more.It is proved that all these models of corporate social responsibility describe a different conceptual understanding of the goals of the organization, its society, the relationship of the organization with its internal and external environment. Based on this understanding, the organization can use various tools of corporate social responsibility to achieve its strategic goals.
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Handiwibowo, Gogor Arif, Rini Puji Astuti, and Rita Ambarwati. "Conceptual Framework Performance Contributor from Internal Organizations of Corporate Social Responsibility Activities." International Journal of Mechanical Engineering Technologies and Applications 2, no. 1 (February 26, 2021): 67. http://dx.doi.org/10.21776/mechta.2021.002.01.10.
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In this 20th century era, the business environment is more demanding that a business organization not only have a profit orientation. However, aspects of the impact on the environment and surrounding communities must also receive adequate attention in line with the increasing quantity and quality of business organizations. The concept of sustainable development is proposed to be a concept that tries to provide a balanced effect between financial performance factors, community welfare factors and environmental sustainability factors. In balancing the three factors above, CSR (Corporate Social Responsibility) activities of business organizations are expected to be the answer to the stigma that business organizations are only looking for profit. This paper will describe several hypotheses as well as a conceptual framework of factors originating from internal business organizations that have an impact on the performance of CSR activities. There are four factors that are proposed to be a hypothesis from the internal organization that must be fulfilled so that CSR activities show their performance. The four factors are fulfilment of human resources, fulfilment of the business organization's strategic vision, fulfilment of operating system implementation, and fulfilment of the business organization's financial capability.
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Chipriyanova, Galina, Radosveta Krasteva-Hristova, and Aiman Kussainova. "Contemporary Higher Accounting Education for Social Responsibility." Economics. Ecology. Socium 6, no. 4 (December 31, 2022): 27–36. http://dx.doi.org/10.31520/2616-7107/2022.6.4-3.
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Introduction. Nowadays participants in the business and social life face challenges in the context of the sustainability and the social responsibility. The only way to successfully overcome them is by all of them working together in one direction at all levels and in all fields. All efforts to harmoniously achieve the goals of sustainable development by the various communities of the planet are extremely relevant today and will continue in the future. Higher accounting and economic education are in support of sustainability, management of natural resources and social responsibility.
Aim and tasks. The aim of the research is to analyze the possibilities for further development of economic solutions in the context of application integration approaches with care for our unique planet and its riches for the future. The tasks of the research find expression in: 1) to prove the need to pay attention to the issues of sustainable development when making decisions about the economy; 2) to analyze the essence and principles of an up-to-date concept for a sustainable way of doing business and management of natural resources; 3) to indicate the path that business and society shall take in order to develop responsibly; 4) to prove the importance of developing an international and national strategy for corporate social responsibility.
Results. The data shows that today it is required that the specialist with a higher economic and accounting degree possess knowledge and competences for the quality realization of reporting, controlling, and other activities in the private and public sectors. Specifically, the investments in new knowledge and competences of such specialists in the context of sustainability, management of natural resources, and social responsibility create prerequisites for a more competitive and resilient business. At the same time, the data shows that the degree of balance between the three aspects (social, economic, and environmental) and the whole direction of higher education towards the problems of sustainable development as of this moment is not satisfactory.
Conclusions. The dominant idea is that successful implementation of flexible educational schemes, accelerated digital transformation, and full adaptation to relevant business challenges (the practice) will result in the establishment of a new model of educational policy that will contribute to the successful realization of sustainability, natural resource management, and social responsibility.