Policy of sustainable development corporations in globalization

Abstract

The process of transition of Ukraine to sustainable economic development, its integration to European and world community demands the implementation of modern practice of cooperation of state and business, and also of business and society which would allow strengthening mutual responsibility of all members of social life. The main aim of the research is development of scientific-practical recommendations as to implement of state and regional mechanisms of corporations in Ukraine to provide sustainable development of the country in the context of globalization. Methodological basis consists of functional state and regional programs of support and stimulation of corporative social responsibility, analytical data of Center «Development of corporative social responsibility» (Ukraine), international initiatives and standards of sustainable development accountancy, analytical data of International Council for Science, World Data Center for Geoinformatics and Sustainable Development. Summary of results: one of the main mechanisms of realization of state social-economic policy in Ukraine is implementation of principles of corporative social responsibility which are the basis for formation of new conception of sustainable development of the country. Basic results of the research work: there have been determined peculiarities and perspectives of state politics as to implementation of principles of corporative social responsibility (information dissemination and training in CSR, implementation mechanism open and transparent business practices to stimulate socially responsible investment, regional development policy sustainable development); there was justified the priority directions of CSR in Ukraine (the development of innovative processes Policy corporations, increasing the efficiency of corporate management, cooperation with stakeholders, the development of social reforms, conservation and environmental restoration, preparation of financial and non-financial reporting to international requirements and standards).