University of Vaasa - Vaasan yliopisto

Table 3: Definitions of CSR from Russian federal government sources
Source Definition
2008 Federal
Council hearings
on “CSR in
Russia: aims,
goals, problems
and legislative
provisions
2005 Report by
the Federal
Council on “CSR
in Modern
Russia: Theory
and Practice”
2002 “Ecological
Doctrine of
Russian
Federation”
Key directions for CSR development:
531
1. Care for immediate stakeholders – employees,
shareholders, suppliers, and also conduct ecological and
social projects in the local communities/regions.
2. Short-term, tactical interaction between the state, society
and business – e.g. cultural initiatives by the government
on behalf of society with financing by business.
3. Long-term investment in society and human capital –
long-term collusion of social, state and business
interests, not very developed in Russia.
State, business and social interests are never seen as conflicting,
but always congruous.
The main identified components of CSR are:
1. Production of quality products and services
2. Creation of attractive jobs, payment of “legal” (i.e. fully
declared for taxation – JF and AZ) salaries and wages,
investment into development of human potential.
3. Fulfilment of demands of tax, environmental, labour and
other legislature.
4. Effective conduct of business, oriented towards adding
economic value and increase in shareholder wealth.
5. Accounting for social expectations and commonly
accepted ethical norms in the conduct of business.
6. Investment in the formation of the civil society through
partnerships and local community development
programmes.
Key principles of government environmental policy:
1. Sustainable development with equally balanced
economic, social and environmental components, and
recognition that social development is impossible
alongside environmental degradation.
2. Just distribution of the gains from natural resources use