Abstract
Research background: The essence of corporate social responsibility is not new, but its form has changed over the years, as has changed the view on whether it is possible and beneficial to put this idea into practice. CSR concerns economics, corporate management, business ethics, sociology, political science, environmental sciences and many other disciplines and is becoming increasingly popular among the general public. In this context, it is possible to look for connections and links to the circular economy. The circular economy is a sustainable development strategy that creates functional and healthy relationships between nature and human society. It perfectly closes material flows in long-term cycles. Purpose of the article: The paper aims to point out the possibilities of linking CSR concerning the environmental pillar, with the processes of the circular economy in the global environment through a concrete example. Methods: To achieve the set goal, published materials of domestic and foreign authors were examined. As part of the in-depth analysis, case studies of selected subjects were examined. Besides, a synthetic-analytical method and an inductive-deductive method were used. Findings & Value added: The expected result will provide a picture of the possibilities of connecting corporate social responsibility regarding the processes of the circular economy. The findings may lead to a more effective link between CSR and the circular economy.
Highlights
IntroductionWe consider it as one of the aspects with a significant impact on increasing the importance of corporate social responsibility. [1] One should realize that in recent times, in developed countries, their production has focused less on industrial production and more on service delivery and information flow management. [2, 3] In this context, the issue of responsible business comes to the forefront. [4] Corporate social responsibility brings a new perspective on the social role of the company, an awareness of the interrelationship between profitability, ethical and environmental standards of business. [5] The company is increasingly focused on environmental protection, local community development, ethical business and improving relationships with employees and partners. [6, 7]This process includes the issue of the circular economy, the aim of which is to use as few resources as possible through more efficient procedures, elimination of waste generation, reuse, processing and recycling. [8,9,10,11,12,13,14] It focuses mainly on material cycles and uses energy from renewable sources
When defining corporate social responsibility and business, the voluntary nature of companies to go beyond the legislation and take proactive steps in these areas, in the implementation of which they cooperate with other entities, i.e., stakeholders interacting with the company and influence each other. [15, 16]
The need to introduce global aspects of CSR into the circular economy in business practice is essential to sustainable development
Summary
We consider it as one of the aspects with a significant impact on increasing the importance of corporate social responsibility. [1] One should realize that in recent times, in developed countries, their production has focused less on industrial production and more on service delivery and information flow management. [2, 3] In this context, the issue of responsible business comes to the forefront. [4] Corporate social responsibility brings a new perspective on the social role of the company, an awareness of the interrelationship between profitability, ethical and environmental standards of business. [5] The company is increasingly focused on environmental protection, local community development, ethical business and improving relationships with employees and partners. [6, 7]This process includes the issue of the circular economy, the aim of which is to use as few resources as possible through more efficient procedures, elimination of waste generation, reuse, processing and recycling. [8,9,10,11,12,13,14] It focuses mainly on material cycles and uses energy from renewable sources. [4] Corporate social responsibility brings a new perspective on the social role of the company, an awareness of the interrelationship between profitability, ethical and environmental standards of business. [5] The company is increasingly focused on environmental protection, local community development, ethical business and improving relationships with employees and partners. S r.o. is a trading company founded in January 1997, focusing on the distribution, rental and servicing of special medical equipment and supplies. The MammaPrint test result allows the specialists to determine the optimal treatment
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