Social responsibility of business – important instrument in implementing sustainable energy development

Dalia Štreimikienė, Dalia Karlaitė, Ilona Ališauskaitė-Šeškienė

Research output: Contribution to journalArticle

Abstract

This article analyzes the importance of social responsibility of business in order to ensure a sustainable development and to evolve concepts of sustainable energy through its main elements – use of renewable energy sources and energy efficiency improvement, which not only helps to solve the issues of energy exclusion and climate change problems, but also makes it possible to fight poverty and ensure welfare of future generations. For decades, the growth of welfare has been synonymous with the ability of using resources intensively. Recently the dual challenge was raised and it has required urgent solutions – not only to satisfy the needs of current generations but also not to reduce the abilities of future generations to satisfy their own needs, i.e. promote the ideas of sustainable development and sustainable energy. Modern companies that seek to ensure the successful development of business cannot ignore the stringent legal requirements, the growing needs of partners and the growing public interest in the companies’ activities, its impact on the environment, quality and safety of production. Socially responsible companies, using energy sources more efficiently, i.e. those which have implemented RES technology, deserve competitive advantage in the international market and ensure a successful business prospects – their profits increase in the long term. This encourages businesses to change their operational policy: to contribute for scientific research in order to provide consumers with safer products, participate in solving important social problems in order not to increase the tension in society and environment – to prevent the damage to the environment and drain of natural resources.
Renewable energy technologies could reduce the country’s dependence on imported fossil fuel price fluctuations and to promote employment and economic growth in Lithuania. Energy and heat production from garbage, waste and biomass could resolve the problem of waste disposal and contribute to the reduction of climate change effects and thereby ensure the growth of welfare for present and future generations. As CSR is the cheapest option to implement sustainable development in enterprise level and ensure private business input in implementation of sustainable development in Lithuania the emphasis on promotion of corporate social responsibility in energy sector is necessary.
Original languageEnglish
Pages (from-to)776-791
JournalSocietal innovations for global growth : research papers = Socialinės inovacijos globaliai plėtrai
Issue number1 (1)
Publication statusPublished - 2012

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Keywords

  • Corporate social responsibility (CSR)
  • Sustainable energy development
  • Renewables

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