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Corporate Social Responsibility: A New Business Philosophy

In: Palgrave Dictionary of Emerging Markets and Transition Economics

Author

Listed:
  • Serhiy Lyeonov
  • Tetyana Vasylyeva
  • Anna Lasukova

Abstract

Changing the paradigm of business philosophy encourages a rethinking of the business activity of enterprises and expands their responsibilities limits. The chapter examines the key prerequisites for the formation of the corporate social responsibility concept. The essence of the concept and its multidimensional level are defined. It examines the differentiation between corporate social responsibility and corporate social sustainability. The characteristics of the main indices and standards which are used in the practice of socially responsible business are mentioned. The necessity of the creation and publication of non-financial reports is highlighted.

Suggested Citation

  • Serhiy Lyeonov & Tetyana Vasylyeva & Anna Lasukova, 2015. "Corporate Social Responsibility: A New Business Philosophy," Palgrave Macmillan Books, in: Jens Hölscher & Horst Tomann (ed.), Palgrave Dictionary of Emerging Markets and Transition Economics, chapter 24, pages 477-487, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-37138-6_25
    DOI: 10.1007/978-1-137-37138-6_25
    as

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