Środowiskowe efekty społecznej odpowiedzialności biznesu – ujęcie instytucjonalne
Environmental Effects of Social Business Responsibility – Institutional Approach

Summary/Abstract: The existing literature concerning Corporate Social Responsibility (CSR) has been predominantly focused on the relationship between CSR and corporate economic performance as well as on the ethical foundations of corporate behavior. The societal and environmental effects of corporate voluntary activism remain largely ambiguous and unknown. As a consequence, the critics of CSR argue that it is of a symbolic and ritual character, and brings very little, if any, positive effects for society. This paper attempts to verify the influence of CSR on the level of CSR emissions. The analysis follows an institutional approach, where CSR is treated as one of the institutional determinants of corporate environmental performance, apart from national environmental regulations, environmental taxes and subsidies, and tradable permits. The econometric analysis has been conducted with the use of Eurostat data from 29 European countries. The study findings show that CSR, next to the national environmental regulations and subsidies, has a significant impact on the level of CO2 emissions in the selected sectors. The findings suggest that voluntary actions taken by enterprises, motivated by CSR, can be a significant source of positive social and environmental effects.

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