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Kovalev N.N., Yudin V.I. [The socio-political importance of business in the context of corporate social responsibility] Political Science and Technology, 2021, Vol. 1, Iss. 2 Available at: https://politicjournal.ru/PDF/02PK221.pdf (in Russian).

The socio-political importance of business in the context of corporate social responsibility

Kovalev Nikolai Nikolaevich
Russian State Social University, Moscow, Russia
E-mail: 5213427@gmail.com

Yudin Valery Ivanovich
Federation Council of the Federal Assembly of the Russian Federation, Moscow, Russia
E-mail: project.edu.2024@gmail.com

Abstract. This study examines the implications of corporate social responsibility for business and society. Corporations and businesses operate in society, and their work must be considered not only in light of their economic goals, but also in terms of their possible impact on society and nature. In other words, businesses should consider the possible social and environmental consequences of their actions. In this regard, social policy, which is aimed at improving the living and working conditions of citizens, should pay more attention to this topic.

This article used the method of secondary analysis of scientific publications. The works of leading experts in this field were studied. Given the relevance of the topic, the main goal of the study is to understand what role business plays in the context of corporate social responsibility in the modern socio-economic context.

In analyzing corporate social responsibility, there is evidence that business is not limited to just economic and financial reporting. The business is actively engaged in the social aspects of corporate social responsibility, supporting communities with targeted programs aimed at reducing inequality and discrimination, supporting local businesses and providing educational programs. Moreover, businesses are actively working to create a more inclusive and sustainable economy.

Keywords: corporate social responsibility; social politics; corporate policy; corporate governance

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