Sustainable and Corporate Social Responsibility: Global Economic Changes and Social Impacts

The need for raw materials, initiated by the industrial revolution in the 18th century, compelled humans to incessantly explore natural resources, resulting in significant ecological harm. Scientists are searching for methods to maintain a balance between productivity and the environment due to the growing population and the fast depletion of natural resources. The behaviors that arose within the framework of this solution provided economic, ecological, and social benefits, establishing the basis for sustainable development. The idea of sustainable development was introduced in the literature at the United Nations Conference on the Human Environment in Stockholm in 1972. It was officially defined in the report "Our Common Future" issued in 1987. The notion of sustainable development, which entails fulfilling the requirements of the current generation without depriving the next generation of their needs, is synonymous with business sustainability. Corporate Social Responsibility, the primary component of corporate sustainability, has emerged in the business sector as a strategy to guarantee accountability and competitiveness. Furthermore, it distinguishes itself as a strategic notion in terms of delivering societal advantages. The objective of this research is to establish a connection between the principles of sustainable development, corporate sustainability, and corporate social responsibility, and to analyze these principles from a theoretical standpoint.

Keywords: Sustainability, Corporate Social Responsibility, Global Economy