Corporate Social Responsibility as a Key Factor for Development of Sustainable Business

2024

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DOI 10.55295/psl.2024.ii13
Data confidence 70 medium
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Abstract

Abstract: Responsibility is an organizational position that ensures discipline and the most effective attitude of the Company to its responsibilities to the public. Corporate social responsibility contributes to the creation of a favorable environment for business development, interaction between business and the state, where the interests of the population are represented by public organizations, which in turn turns into social partnership. Social partnership depends on the balance of three important systems, such as: social, economic and environmental. In one of the companies in Kazakhstan that takes an active part in the development of corporate social policy a program is being used within the framework of social responsibility that the company is actively pursuing. Within the framework of this program, the construction of socially significant facilities is being implemented, such as: construction of a central hospital in the city of Kulsary, construction of a central stadium in the city of Kulsary, construction of a pre-school in the Koktem microdistrict in the city of Atyrau, construction of a school named after Zhumabayev in the city of Atyrau. The company carries out partnership with higher educational institutions of the Republic of Kazakhstan, one of such educational institutions is Kazakh-British Technical University (KBTU) University. The company is actively developing a corporate social policy in the field of environmental protection, supporting social programs and improving the lives of the local population. Considering the above, we can conclude that corporate social responsibility is an integral part of the development of the company’s sustainable business in Kazakhstan. Keywords: Corporate culture; Corporate social policy; Responsibility; Ecology; Social program; Environment.