Corporate Social Responsibility and Creating Shared Value: Case of Latvia

Creating shared value (CSV) is a newly introduced concept whose essence and expressions, relationship to Corporate social responsibility (CSR) and implications for the business and society is now at the core of management and social responsibility debates of the scientific world. The aim of the paper is to gain clearer understanding of the CSR and CSV concepts, their implementation and role in sustainable development of organizations in Latvia. In this paper the authors discuss and compare the two conceptsand, based on the results of Sustainability Index (SI) initiative and analysis of publically available company information, evaluate their implementation in Latvia and draw conclusions on the development trends and potential of these approaches in Latvian market.

Authors:

• Inga Lapiņa
• Indra Borkus
• Olga Stariņeca

Keywords:

• Corporate Social Responsibility
• Creating Shared Value
• Sustainability Index.

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