Interconnection of Concepts of Social Corporate Responsibility and Sustainable Development at the Current Stage of Economy

At the present stage of development of society and economy, there is a clear trend of reorientation of business entities as a whole to obtaining a stable financial result by implementing the concept of sustainable development and the concept of corporate social responsibility, the question about clarifying their essential content, relationship and correlation arising. The paper deals with theoretical aspects of such concepts as "social corporate responsibility", "green energy" and "sustainable economy" in their interrelation. As a result, scientific and methodological fundamentals of the theory of sustainable development are determined from the point of view of the main schools of economics. Special attention is paid to the correlation of sustainable development and corporate social responsibility. It has been proved that the concept of corporate social responsibility has a narrower character in comparison with the concept of sustainable development and can be regarded as a tool for implementing the concept of sustainable development. The actual manifestations of the components of corporate responsibility are analyzed by considering introduction of green technologies by representatives of different sectors of the economy, banks included; stability of the economy increasing. It is revealed that modern society is undergoing a process of reorganization due to aggravation of social and environmental problems. The authors emphasize the importance of corporate social responsibility an element of the company's corporate strategy as a component of sustainable development