Methodological Approach to the Assessment of Corporate Social Responsibility of the State, Business and Society

Abstract

Corporate social responsibility is the responsibility of a business for the consequences of its activities, its obligation to effectively fulfill its function, to add value and voluntarily implement social policies, ethical standards and decision-making that will benefit all stakeholders. Thanks to government support and the initiative of business, Russia is actively implementing social programs whose stakeholders are the state, business and society. The subject of the study are tools that determine the social utility of corporate social responsibility for society and the social benefit for the state and business. The purpose of the study was to substantiate a methodological approach to assess corporate social responsibility based on the function of social utility of stakeholders. The hypothesis of the study was the assumption that the developed methodological approach to the assessment of corporate social responsibility will make it possible to determine for stakeholders, namely, the state, business and society, social benefits in the development and implementation of corporate social responsibility. An analysis of existing methods for assessing corporate social responsibility confirmed that they assess it only from the standpoint of the full responsibility of business, with the state and society as recipients of social benefits. An analysis of the conditions, factors and events showed that corporate social responsibility reflects the sustainable development of not only business, but also the state and society as a whole. Despite the positive trends, there are problems that require immediate solutions — it is equal contribution into corporate social responsibility by all stakeholders, definition of criteria of their responsibility and social activity.