DEVELOPMENT OF THE DEFINITION OF "SOCIAL RESPONSIBILITY OF BUSINESS" AND ITS TRANSFORMATION

Abstract

The article substantiates the idea that corporate social responsibility and business social responsibility are separate types of socially responsible behavior of a company. If corporate social responsibility is a variant of socially responsible behavior, the focus of which remains ensuring social security of employees and their families, continuous professional development of personnel, creation of effective and safe workplaces, maintaining the quality of manufactured products, then business social responsibility is another variant, in which compliance with legislation and work with the team are considered as something self-evident. In this case, responsibility to the territory of presence and the local community is brought into the problematic field. Analysis of the mechanisms for implementing social responsibility in practice shows that at the current stage of development, socially responsible business behavior should be elevated to the rank of the main direction of state policy. To achieve the political, economic and social goals facing society, it is necessary to consistently implement large-scale measures to create a social infrastructure of industrial regions, protect and expand the reproduction of natural resources, and create conditions for sustainable socio-economic development. The definition of the concept "Social responsibility of business" has been clarified and it is assumed that this is a mandatory complex activity of industrial enterprises aimed at achieving the goals of sustainable development of the territories of presence, ensuring environmental sustainability, forming human capital and creating a partnership that shares the burden of government spending on social policy. The amount of financial participation directly depends on the total amount of damage caused by production activities. Also, social responsibility of business is understood as mandatory comprehensive activity of industrial enterprises that shares the burden of public expenditure on social policy and is aimed at achieving the goals of sustainable development of the territories of presence, ensuring environmental sustainability, developing human capital, and forming a global partnership.