The Role of Socially Responsible Business in Sustainable Economy
CYSENI 2019: The 16th International Conference of Young Scientists on Energy Issues 2019
Daina Silakalne-Arāja

The concept of socially responsible business has evolved in the context of the paradigm of sustainable development, a development that satisfies today's needs without endangering the needs of the next generation. Sustainable development is characterized by three interconnected dimensions: environmental, economic and social. Building on the principle of sustainable development, development must be done with careful handling of the planet's resources and ensuring that biodiversity is preserved on Earth. In the age of globalization, with the growing internationalization and interconnectedness of production processes, the extent to which the company follows good governance practices socially responsible throughout the company's. A company that declares responsibility values at the management level, but produces ingredients that are manufactured in violation of human rights and degradation of the environment, is actually causing a negative impact in environment and human. Development is ultimately about people and improving their lives.The aim of the research is to develop social entrepreneurship in a sustainable economy. The key result is to protect the environment with the help of the social entrepreneurship support mechanism. In research the theoretical research methods, analysis of literature, documents, legislation, information obtained on the internet and graphic analysis were used.


Keywords
sustainable development, responsible business, globalization, human rights, degradation, environment
Hyperlink
http://cyseni.com/archives/proceedings/Proceedings_of_CYSENI_2019.pdf

Silakalne-Arāja, D. The Role of Socially Responsible Business in Sustainable Economy. In: CYSENI 2019: The 16th International Conference of Young Scientists on Energy Issues, Lithuania, Kaunas, 23-24 May, 2019. Kaunas: Lithuanian Energy Institute, 2019, pp.193-204. ISSN 1822-7554.

Publication language
English (en)
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