Abstract
The article is devoted to one of the most important socio-economic categories - the social responsibility of business in the forestry sector. Forestry companies have been the target of public criticism for the mismanagement of forest resources, huge energy consumption, high exhaust emissions and water pollution. The forest industry faces challenges such as environmental safety, climate change and energy shortages. At the same time, it plays an important role in shaping sustainable development practices. With globalization and growing societal expectations for the sustainable use of forests, corporate social responsibility practices in the forest sector are gaining attention and increasing importance due to the environmentally sensitive nature of forest enterprises. CSR can help forestry companies improve stakeholder relationships, maintain legitimacy, achieve competitive advantage and ensure sustainable development. The article discusses the main aspects of social responsibility of business in the forest industry. Examples of implementation of CSR principles of forest companies of one of the server regions of Russia are given. It is shown that the social responsibility of forestry enterprises in the territories of presence as a tool for interaction between business, government and local communities is used only in subsidiaries of large federal companies. Small forest companies, on the other hand, have little incentive to support CSR principles. The fulfillment of social obligations for them is an exorbitant financial burden.
Highlights
In the economy of the Russian Federation, forest companies face serious problems associated with environmental degradation, trade conflicts, and irresponsible corporate behavior
It should be noted that the corporate social responsibility (CSR) principles should not contradict the forest legislation of the Russian Federation
The dominant direction in this case is the implementation of social projects within corporations
Summary
In the economy of the Russian Federation, forest companies face serious problems associated with environmental degradation, trade conflicts, and irresponsible corporate behavior. As government efforts to protect the environment intensify and environmental barriers to trade increase, corporate social responsibility (CSR) has become a new institution for the survival of forest companies in domestic and international markets. Company size is one of the most important determinants of CSR in the forest sector. Han and Hansen [1] found a significant positive relationship between forest company sales and CSR adoption rates. Vidal and Kozak [2] believe that CSR content has a different focus in forest companies of different sizes. Large companies include all CSR activities, while small companies focus on a narrowed range of sustainability compliance
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