Research Information System
International Journal of Sustainable Development and Planning, vol.18, no.8, pp.2481-2488, 2023 (Scopus)
The study of business social responsibility often revolves around determining factors that influence the orientation and content of social responsibility programs. This study aims to ascertain the impact of large businesses' social responsibility on implementing sustainable development principles in Russia and Kazakhstan, specifically in the oil and gas industry. Through an expert survey, the paper identifies key efforts in conducting socially responsible business, major components of business social responsibility, and critical arguments for adopting a socially responsible policy. An analysis of oil and gas companies' corporate websites reveals principles of sustainable development implemented by large Kazakh and Russian companies. The findings suggest that corporate social responsibility underpins the principles of sustainable development and the achievement of the UN Sustainable Development Goals. Such responsibility creates opportunities for improving human life quality, environmental protection, and rational resource usage at the regional level. Therefore, enhancing corporate social responsibility is recommended for businesses, regardless of their operational scope.