| Issue |
E3S Web Conf.
Volume 371, 2023
International Scientific Conference “Fundamental and Applied Scientific Research in the Development of Agriculture in the Far East” (AFE-2022)
|
|
|---|---|---|
| Article Number | 05008 | |
| Number of page(s) | 5 | |
| Section | Environmental Economics and Management | |
| DOI | https://doi.org/10.1051/e3sconf/202337105008 | |
| Published online | 28 February 2023 | |
Responsible business: the path to sustainability
1 Plekhanov Russian University of Economics, 117997 Moscow, Russian Federation
2 Diplomatic Academy of the Ministry of Foreign Affairs of the Russian Federation, 119021 Moscow, Russia
* Corresponding author: prodanova-00@mail.ru
The authors emphasize the significance of corporate social responsibility as a modern corporate governance tool, guiding the economy on the ESG-agenda. The article reveals the model of corporate governance as a viceprinciple for accomplishing the goals of sustainable growth, passing to green economy, outlines the constituent elements relevant for integration into the business strategy of the company. The authors pointed out the value of financial and non-financial information provided to users for the decision-making purposes. This study highlights the key aspect of corporate governance - responsible business, intended, on the one hand, for improving the organization's financial performance, on the other hand, to reducing operating costs through resources saving, facilitating the environment, employees and consumers care.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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