Investigation of the Influence of Corporate Social and Environmental Responsibility on the Energy Efficiency of Russian Companies

Abstract

Expansion of social and environmental responsibility of businesses is a trend recognised worldwide; companies perceive the corporate social and environmental responsibility (CSER) as a tool for reducing non-financial risks, increasing competitiveness, improving relations with the government and society. Meanwhile, in Russia the CSER is gradually growing in large corporations, particularly in the fuel and oil companies. The feature specific to the Russian version of CSER is a significant emphasis on the administrative approach and development of social responsibility taking place under the pressure by government. The paper considers the adaptation possibilities of Russian companies to the requirements of energy efficiency and energy saving in the emerging “green” economy as a new economic course. We used the results of surveys of managers of Russian companies and representatives of education and science institutions in 2011–2012.