The choise between sustainable development and corporate social responsibility in international business

Zubkova Alina
Candidate of Economic Sciences, Associate Professor, Department of Management, National Technical University “Kharkiv Polytechnic Institute”, Kharkiv, E-mail:alina.zubkova@khpi.edu.ua, ORCID ID: https://orcid.org/0000-0002-4478-181X

Makarenko Anastasia
Assistant Professor, Department of Audit and Finance, National Technical University “Kharkiv Polytechnic Institute”, Kharkiv, E-mail:anastasiya.makarenko@khpi.edu.ua, ORCID ID: https://orcid.org/0000-0002-1816-130X

Misiunia Ruslan
PhD student, Department of Management, National Technical University “Kharkiv Polytechnic Institute”, Kharkiv, E-mail: Ruslan.Misiunia@emmb.khpi.edu.ua, ORCID ID: https://orcid.org/0000-0002-3496-3986

Maihurova Daria
PhD student, Department of Management, National Technical University “Kharkiv Polytechnic Institute”, Kharkiv, E-mail: Daria.Maihurova@emmb.khpi.edu.ua, ORCID ID:

Vodiakhina Marharyta
MSc International Business, National Technical University “Kharkiv Polytechnic Institute”, Kharkiv, E-mail: Marharyta.Vodiakhina@emmb.khpi.edu.ua, ORCID ID:

Ihnatova Anastasiia
MSc International Business, National Technical University “Kharkiv Polytechnic Institute”, Kharkiv, E-mail: Anastasiia.Zvonko@emmb.khpi.edu.ua, ORCID ID:

Cite this article:

Zubkova A., Makarenko A., Misiunia R., Maihurova D., Vodiakhina M., Ihnatova A. (2022) The choise between sustainable development and corporate social responsibility in international business. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Vybir mizh stalym rozvytkom ta korporatyvnoiu sotsialnoiu vidpovidalnistiu u mizhnarodnomu biznesi; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 3-4 (292-293), pp. 81-93.

Abstract

The research paper discloses different approaches to the interpretation of the concepts of sustainable development and corporate social responsibility. The problem of lack of a single conceptual apparatus in the domestic scientific space is analyzed. A description of current trends in the development of the concept of corporate social responsibility and its relationship with the concept of ESG. The definitions of various authors of such concepts as "sustainable development" and "corporate social responsibility" were analyzed. The authors provide a generalized evolutionary system of the concepts of "sustainable development", "corporate social responsibility", "environmental, social, corporate governance" and describe the process of their development and relationship. The article considers the impact of the concepts of sustainable development and corporate social responsibility on the activities of companies in the context of international business.

Keywords

sustainable development, sustainability, sustainable development goals, corporate social responsibility, strategic management, CSR, ESG, ecological, social and corporate governance.

JEL classification:F200; DOI:10.32680/2409-9260-2022-3-4-292-293-81-93

UD classification:658.5:005:338.9

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