THE BEST WORLD PRACTICES OF CORPORATE SOCIAL RESPONSIBILITY IS AS FACTOR OF DEVELOPMENT OF THE AGRARIAN SECTOR
DOI 10.32651/2012-64
Issue № 12, 2020, article № 12, pages 64-71
Section: Foreign news
Language: Russian
Original language title: ЛУЧШИЕ МИРОВЫЕ ПРАКТИКИ КОРПОРАТИВНОЙ СОЦИАЛЬНОЙ ОТВЕТСТВЕННОСТИ КАК ФАКТОР РАЗВИТИЯ АГРАРНОГО СЕКТОРА
Keywords: NON-FINANCIAL REPORTING, SOCIAL RESPONSIBILITY, SUSTAINABLE DEVELOPMENT, BUSINESS PRACTICE, SOCIO-EFFICIENCY INDICATORS
Abstract: The issue of sustainable development of enterprises and organizations has been on the agenda of the business community for the past two decades. The world's best practices of corporate social responsibility are based on the principles of accountability and transparency, and voluntary standards either involve the use of measurable indicators or General principles of development. The metric approach based on the use of key performance indicators and indicators of socio-efficiency allows inter-firm comparisons when working with non-financial reports. A review of best corporate practices based on sustainable development reports from the Global Reporting Initiative Database of 36 of the world's largest companies in the agricultural sector allowed us to propose a set of indicators of socio-efficiency and to test our own methodology for calculating the value added retained by enterprises. We analyzed the structure of funds distributed by 16 enterprises for the period from 2016 to 2018, inclusive. We come to the conclusion that corporate social responsibility involves the management of not only financial resources, but also non-financial resources (human, etc.). At the same time, non-financial factors of development from the effects (including infrastructure development effects) of payments to external stakeholders (investors, government) may prevail over direct financial factors of payments to internal stakeholders (employees, shareholders) of the enterprise.
Authors: KHorin Aleksandr Nikolaevich, Bulgakov Andrei Leonidovich, Krikunov Arsenii Sergeevich