At the present time, corporate social responsibility (hereinafter CSR) is being reduced to all sorts of practices, which may be indirectly or partially related to the sustainable development of business: charity, social investment, marketing, public relations, staff management, interaction with representatives of public authorities and to the concept of shared values. Even if the company complies with legislative requirements and corporate ethics, timely pays taxes and produces an annual report on corporate social responsibility, it does not necessarily mean that the company is socially responsible. In this article, the author carefully examines all sorts of CSR practices and using the principle of negation, derives its essential characteristics and describes the current system of relations between the state and the economy, which is developing due to increase in "conscious" demand and supply in a free competitive market. The author says that CSR is becoming one of the most important institutions of the "conscious capitalism" era.
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