Impact of Socially Responsible Business Behavior on Implementing the Principles of Sustainable Development (Experience of Large Business)

Bagratuni K. Kashina E. Kletskova E. Kapustina D. Ivashkin M. Sinyukov V. Karshalova A. Hajiyev H. Hajiyev E.
August 2023 International Information and Engineering Technology Association

International Journal of Sustainable Development and Planning
2023 #18 Issue 8 2481 - 2488 pp.

The study of business social responsibility often revolves around determining factors that influence the orientation and content of social responsibility programs. This study aims to ascertain the impact of large businesses social responsibility on implementing sustainable development principles in Russia and Kazakhstan, specifically in the oil and gas industry. Through an expert survey, the paper identifies key efforts in conducting socially responsible business, major components of business social responsibility, and critical arguments for adopting a socially responsible policy. An analysis of oil and gas companies corporate websites reveals principles of sustainable development implemented by large Kazakh and Russian companies. The findings suggest that corporate social responsibility underpins the principles of sustainable development and the achievement of the UN Sustainable Development Goals. Such responsibility creates opportunities for improving human life quality, environmental protection, and rational resource usage at the regional level. Therefore, enhancing corporate social responsibility is recommended for businesses, regardless of their operational scope.

corporate social responsibility , principles of sustainable development , socially responsible business , sustainable development , sustainable development goals

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Department of Public Finance, Financial University under the Government of the Russian Federation, Moscow, 125167, Russian Federation
ZAO “Promtechset”, Orekhovo-Zuevo, 142600, Russian Federation
Russian Politics Department, Lomonosov Moscow State University, Moscow, 119991, Russian Federation
Department of Economics and Econometrics, Altai State University, Barnaul, 656049, Russian Federation
Department I-11, Moscow Aviation Institute, Moscow, 125993, Russian Federation
Higher School of Media, Communications and Service, Pacific National University, Khabarovsk, 680035, Russian Federation
Faculty of Management and Technology, Khabarovsk State University of Economics and Law (KSUEL), Khabarovsk, 680042, Russian Federation
Business School, Kazakh-British Technical University, Almaty, 05000, Kazakhstan
Department of Finance and Audit, Azerbaijan State University of Economics (UNEC), Baku, AZ1001, Azerbaijan
Department of Business Management, Azerbaijan State University of Economics (UNEC), Baku, AZ1001, Azerbaijan

Department of Public Finance
ZAO “Promtechset”
Russian Politics Department
Department of Economics and Econometrics
Department I-11
Higher School of Media
Faculty of Management and Technology
Business School
Department of Finance and Audit
Department of Business Management

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