EUROPEAN JOURNAL OF ACCOUNTING, FINANCE & BUSINESS

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ISSN: 2344 - 102X

ISSN-L: 2344 - 102X



 

Article from Volume 7, Number 1, Year 2019

THE ROLE OF CORPORATE SOCIAL RESPONSIBILITY STRATEGIES AND SUSTAINABILITY REPORTS IN SUPPORTING SUSTAINABLE DEVELOPMENT
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Author(s): Camelia Catalina Mihalciuc
DOI: 10.4316/EJAFB.2019.717
Abstract: Sustainable development and corporate social responsibility are compatible elements and points of view that need to be taken into consideration in the company's development strategy, with benefits for both the company, the environment, and all stakeholder categories. Corporate Social Responsibility (CSR) is crucial because it supports the mission and vision of the company and pleads for sustainable development. CSR and Sustainable Development are increasingly complex phenomena of the modern corporate environment.The transition of society to a sustainable development model is the prime opportunity to overcome the global challenges that are strongly highlighted through the current economic example. Based on these considerations, in the scientific approach of the author, the issue addressed is how companies can contribute to the transition process of society towards a sustainable development model. Thus, an important aspect of this paper focuses on the business model which, through its transformations, ensures high non-financial performance (reduced environmental impact, compliance with CSR principles), emphasizing the features to be taken into account by to companies already involved in such a process, which is essential to ensure their sustainable activity.
Keywords: Corporate Social Responsability; Sustainable Development; Sustainability Reports; Sustainable Development Model.
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