Actual problems of innovative economy and law

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The impact of social responsibility on the sustainable development of agribusiness

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УДК: 338.43.008

DOI: https://doi.org/10.36887/2524-0455-2025-2-17

Cherednyk Anna
Ph.D. in Economics, Lecturer of the Department of Enterprise Economics and Business Organization
Simon Kuznets Kharkiv National University of Economics
https://orcid.org/0009-0003-6471-0677
Lypovyi Dmytro
Ph.D. in Economics, Doctoral Student
Livestock Farming Institute of National Academy of Agrarian Sciences of Ukraine
https://orcid.org/0009-0008-5560-9864

The article is devoted to the study of the impact of social responsibility on the sustainable development of agrarian businesses. The multifaceted and significant effects of business social responsibility on the sustainable development of the agricultural sector have been confirmed. Integrating the principles of business social responsibility into the activities of farming enterprises is not only ethically justified but also strategically beneficial, contributing to the achievement of environmental, social, and economic sustainability. It has been proven that implementing environmentally responsible practices, such as the rational use of resources, waste minimization, and preservation of agroecosystems, is a key factor in ensuring the long-term environmental sustainability of agricultural production and the conservation of natural capital for future generations. Social responsibility also plays a crucial role in supporting rural communities, ensuring food security and decent working conditions, thus contributing to social stability and justice. It has been established that business social responsibility can be a powerful tool for increasing the economic efficiency of agricultural businesses. Through innovation, process optimization, reputation strengthening, and investment attraction, socially responsible agrarian enterprises demonstrate greater resilience to market fluctuations and external challenges, ensuring long-term competitiveness and stability. Thus, implementing business social responsibility is an indispensable condition for the sustainable development of agricultural businesses. Awareness and active implementation of the principles of social responsibility by all participants in the agricultural sector – from small farms to extensive agricultural holdings – is an essential step towards ensuring food security, environmental protection, and sustainable development of rural areas in Ukraine.

Keywords: agribusiness, environmental awareness, economic efficiency, social responsibility, sustainable development, agribusiness entities.

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The article was received 01.04.2024

Quote article, APA style

Cherednyk A. , Lypovyi D. 01.04.2024. The impact of social responsibility on the sustainable development of agribusiness. Actual problems of innovative economy and law. 2025. №2. 76-79 pp. https://doi.org/10.36887/2524-0455-2025-2-17

Quote article, MLA style

Cherednyk A. , Lypovyi D. The impact of social responsibility on the sustainable development of agribusiness. Actual problems of innovative economy and law. 01.04.2024. https://doi.org/10.36887/2524-0455-2025-2-17