Application of corporate social responsibility and companies' environmental performance

Abstract

Over the years, the irresponsible behavior of individuals and companies through the years created growing social and environmental problems around the world. Globalization, market growth, and industrialization lead to increasingly negative impacts on the natural environment. Socially responsible business is a concept of which the company pays attention to achieving growth and development, and also to cooperate with employees, locals, consumers, business associates, and society as a whole. This paper presents the results of a pilot study conducted on the territory of the Republic of Serbia, Autonomous Province Vojvodina. 53 companies, with over 250 employees, participated in the research. In the paper, the authors presented and evaluated various dimensions of socially responsible business and environmental performance, and based on the obtained results it was determined that there is a statistically positive correlation between these variables.