Corporate social responsibility as a method of reducing production costs

Sysoeva T.L.1, Timokhina G.S.1, Minina T.B.1
1 Уральский государственный экономический университет

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Journal paper

Russian Journal of Innovation Economics (РИНЦ, ВАК)
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Volume 7, Number 4 (October-December 2017)

Citation:

Sysoeva, T. L., Timokhina, G. S., & Minina, T. B. (2017). Corporate social responsibility as a method of reducing production costs. Russian Journal of Innovation Economics, 7(4), 449-456. https://doi.org/10.18334/vinec.7.4.38542

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=32311426
Cited: 23 by 07.12.2023

Abstract:
In the article the authors show the features of corporate social responsibility at the present stage of economic development. The article considers the current approaches to the definition of corporate social responsibility, the practices applied in international business. We analyze the water and energy consumption indicators of Heineken Company. Corporate social responsibility allows us to inculcate the company's values in society through concrete actions in the broadest areas. At the same time the most widespread areas are ecology, education, health, sports, culture, and production. The obtained results provide an increase in knowledge in terms of understanding the essence of corporate social responsibility and its practical application in international management under current economic conditions. The authors show the economic efficiency of the introduction of corporate social responsibility programs.

Keywords: competitiveness, corporate social responsibility, international business, CSR, business responsibility, international company, Heineken

JEL-classification: M14, M10, M16

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