Corporate Social Responsibility as a Component of Modern Business Models of Companies

The author considers various approaches to the definition of the concept of "corporate social responsibility" and forms the author's vision, namely: corporate social responsibility is considered to be a comprehensive approach to doing business, which is a voluntary conscious choice aimed at harmonizing and satisfying the interests of all stakeholders, and is aimed at ensuring sustainable development of the company and its environment. Stakeholder groups that may be relevant to corporate social responsibility activities are identified. The concept of "business model" has also been improved by taking into account the aspects of sustainable development: a business model is a certain holistic system that combines many elements that, in their interconnection, determine the necessary directions of the company's functioning, which create value, obtain financial results and consolidate market positions, which does not violate and ensures the sustainable development of the company and its environment. The author analyzes in detail all the components of the business model framework in order to find a connection with corporate social responsibility. It is determined that corporate social responsibility is integrated into all areas of business functioning, including corporate strategy ESG is not a part of a specific component of the business model, but is a holistic strategy that determines the directions of development for various aspects of the business model components and provides tools for their improvement and enrichment.