Interconnection of Concepts of Social Corporate Responsibility and Sustainable Development at the Current Stage of Economy

DOI

10.2991/assehr.k.220106.046How to use a DOI?

Keywords

corporate social responsibility; sustainable development; green energy; green investments; financial ecosystem

Abstract

At the present stage of development of society and economy, there is a clear trend of reorientation of business entities as a whole to obtaining a stable financial result by implementing the concept of sustainable development and the concept of corporate social responsibility, the question about clarifying their essential content, relationship and correlation arising. The paper deals with theoretical aspects of such concepts as “social corporate responsibility”, “green energy” and “sustainable economy” in their interrelation. As a result, scientific and methodological fundamentals of the theory of sustainable development are determined from the point of view of the main schools of economics. Special attention is paid to the correlation of sustainable development and corporate social responsibility. It has been proved that the concept of corporate social responsibility has a narrower character in comparison with the concept of sustainable development and can be regarded as a tool for implementing the concept of sustainable development. The actual manifestations of the components of corporate responsibility are analyzed by considering introduction of green technologies by representatives of different sectors of the economy, banks included; stability of the economy increasing. It is revealed that modern society is undergoing a process of reorganization due to aggravation of social and environmental problems. The authors emphasize the importance of corporate social responsibility - an element of the company’s corporate strategy - as a component of sustainable development

Copyright

© 2022 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Aleksey Mikryukov
AU  - Tatyana Chilimova
AU  - Anna Serebrennikova
AU  - Irina Sofronova
PY  - 2022
DA  - 2022/01/18
TI  - Interconnection of Concepts of Social Corporate Responsibility and Sustainable Development at the Current Stage of Economy
BT  - Proceedings of the International Scientific and Practical Conference "Sustainable development of environment after Covid-19" (SDEC 2021)
PB  - Atlantis Press
SP  - 253
EP  - 260
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220106.046
DO  - 10.2991/assehr.k.220106.046
ID  - Mikryukov2022
ER  -