Corporate Social Responsibility: A Roadmap for Georgia

Abstract

Today, more than ever, business companies are held accountable and judged for their business practices. They are expected to work in ways that make a positive impact on the environment and the society. Corporate social responsibility (CSR) is often conceptualized as companies intentionally exceeding their primary responsibility of making profit in order to support the common goal of creating secure, just, and productive communities while protecting the environment. Although CSR is widely practiced in Western countries, the concept is still relatively new and emerging in Georgia, a country with a transitional economy and democracy. Current CSR practices are less stable or efficient, but have a high potential for development. Therefore, this project reviews the literature to identify some of the most common trends of CSR in developed countries, describes successful examples and practices, and proposes a roadmap - a model adapted to the current reality of Georgia. The roadmap is a CSR plan with general activities that could be implemented on a country level to ensure more efficient use of business, public, and government resources for the benefit of the nation.