Concepts of Sustainable Development in Corporate Law: the Experience of Russia and African Countries
( Pp. 470-477)

Abstract: The purpose of the study is to identify new features of corporate social responsibility and ESG standards as a factor of sustainable development and competitive growth of business and public sectors. Trend analysis of formation corporate social responsibility in Russian and foreign business practice, determination of the features of the formation and development of socially responsible business in African countries, including the oil and gas industry, as well as, a study of the systems of interrelations of corporate social responsibility concept with concepts of sustainable development, socially responsible investment, corporate efficiency, corporate citizenship, a creation of common values, environmental responsibility allowed to come to the following conclusions. Conclusions. In order to optimize a sustainable development strategy, a national model of corporate social responsibility is needed, that is based on uniform rules of social responsibility for all participants in entrepreneurial and social interaction. State regulatory policy should focus on improving the legislative framework that encourages companies and organizations to develop social responsibility strategies. To create prerequisites for sustainable development in the oil and gas industry, it is necessary to develop a model of corporate social responsibility that takes into account both national and international aspects. There is a proposal to consider the ESG concept as a tool by which companies integrate the principles of social responsibility into their core activities.

Kartskhiya A.A., Logon D.T. Concepts of Sustainable Development in Corporate Law: the Experience of Russia and African Countries // Gaps in Russian Legislation. 2023. Vol. 16. №5. Pp. 470-477. (in Russ.). EDN: ZJKCWE

Amouzou E. Le mythe du développement durable en Afrique noire. Paris: Harmattan; 2010. 280 p. (Études africaines).
Subrakova L.K., Petrushkina M.S. The concept of the spiral of innovations and the waste industry // Bulletin of the N. F. Katanov KSU. 2023. №1 (43). URL: https://cyberleninka.ru/article/n/kontseptsiya-spirali-innovatsiy-i-industriya-othodov.
Kakutich E. Yu. some aspects of international cooperation in the fight against corruption and capital laundering // Scientific notes of the V. I. Vernadsky Crimean Federal University. Economics and management. 2022. №4. URL: https://cyberleninka.ru/article/n/nekotorye-aspekty-mezhdunarodnogo-sotrudnichestva-v-sfere-borby-s-korruptsiey-i-otmyvaniem-kapitala.
Kartskhiya A.A. Digital corporations in a new quality of management // Civil law. 2020. N 4. pp. 22-26.
Hamadou Daouda, Youssoufou. "Responsabilité sociétale des multinationales en Afrique Subsaharienne : enjeux et controverses : cas du groupe AREVA au Niger." VertigO, volume 14, numéro 1, mai 2014.
Pestryaeva S.Yu. Corporate social responsibility // NiKa. 2017. №.3 URL: https://cyberleninka.ru/article/n/korporativnaya-sotsialnaya-otvetstvennost-3.
Palier, Bruno. «Path dependence (dépendance au chemin emprunté)», Laurie Boussaguet éd., Dictionnaire des politiques publiques. 4e édition précédée d’un nouvel avant-propos. Presses de Sciences Po, 2014, pp. 411-419.
Ledneva A.M. Mechanism of introduction and implementation of corporate social responsibility programs / Economics and entrepreneurship in the global world. Collection of scientific articles. Rostov-on-Don, 2017. pp. 159-164.
Kozhevina O.V. Problems of greenwashing and unfair commercial practice of business entities in the conditions of green economy // Competition Law. 2022. N 4. p. 12-15.

corporate social responsibility, oil and gas industry, sustainable development, greenwashing, ESG standards, corporate legal relations..