Environmental and Social Responsibility of Business: From Doctrine to Practice
https://doi.org/10.18384/2949-513X-2025-1-16-24
Abstract
Aim. To characterize the concept of corporate social responsibility which unites within itself two other key concepts – environmental responsibility and the social responsibility of business entities. To conduct an analytical review of scientific publications that discuss the practical implementation of ESG principles. To reveal the principles underlying the concept of corporate social responsibility.
Methodology. General scientific and legal methods of scientific inquiry were used.
Results. It is substantiated both that responsible business conduct has a positive impact on environmental safety and emphasizes that implementing ESG principles in business conduct ensures the development of green entrepreneurship. It is concluded that enhancing the environmental and social responsibility of businesses is possible with the successful implementation of an environmental and economic mechanism that ensures sustainable natural resource management.
Research implications. The results of the study can be applied in planning economic (business) and other activities related to environmental impacts.
About the Author
M. A. Vakula
University of Russia named after Patrice Lumumba
Russian Federation
Russian Federation
Marina A. Vakula – Cand. Sci. (Law), Assoc. Prof., Head of the Department Head, Department of Land and Environmental Law, Law Institute of the Peoples’ Friendship
Moscow
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