Corporate sustainability and social responsibility

¹ Institute of Economics and Management, Kyrgyz State University of Construction, Transport and Architecture named after N. Isanov, Maldybaev str. 34b, Bishkek, Kyrgyz Republic
² Department of Public Health and Health care, Kyrgyz State Medical Academy named after I.K.Ahunbayev, I.Akhunbaeva str. 92, Bishkek, Kyrgyz Republic
³ Department of Economics and Enterprise Management, Kyrgyz State University of Construction, Transport and Architecture named after N. Isanov, Maldybaev str. 34b, Bishkek, Kyrgyz Republic
⁴ Department of Economics and Management, Kyrgyz State University named after Arabaeva, Razzakov str. 49, Bishkek, Kyrgyz Republic

^* Corresponding author: samaibekova@mail.ru

Abstract

Our paper focuses on the links between corporate sustainability and social responsibility. Corporate Social Responsibility (CSR) emerged as a tool for linking the priorities of business companies (making money and achieving profit) with the priorities of citizens and society. Bringing together the many different parts of a complex CSR programme into a single central system is crucial. Moreover, we discuss the role of corporate structures in the development of social organisations and their impact on society, as well as on corporate social responsibility and the impact of the social entrepreneurship model on the economy. It appears that companies can bring important benefits to society if they are responsible for the quality of the goods and services they produce and develop new goods or services that generate economic growth. The long-term benefits for investors therefore allow companies to invest in product innovation, thereby delivering highquality products that improve people’s standard of living. Business companies thus meet the needs of society and offer important benefits to society in the form of new jobs and economic opportunities for those in society who depend on the company’s good services. While companies seek new economic opportunities and regain public confidence, the creation of shared values and the pursuit of financial success is becoming increasingly important for companies in a way to support sustainable development and fighting global warming and climate change.