Corporate socio-environmental responsibility: the competitive differential that promotes sustainable development

Abstract

The contemporary company took on new roles in the Democratic Rule of Law, and in this guise, profit, despite its importance in the business context, is no longer the exclusive scope and the relationships built with the community, environment, consumers and workers are effective instrument for promoting sustainable development. Thus, this article seeks to analyze the social function of the company, foreseen in the Constitution and to investigate whether the actions of social and environmental responsibility constitute a competitive differential, in particular, actions linked to ESG (Environmental, Social and Governance), which has been the fundamental guide for investments. Furthermore, given its relevance, it will deal with State action and the use of tax incentives as a mechanism to induce socially responsible behavior, especially those that contribute to the promotion of human dignity. Methodologically, the writing of this paper was carried out using the deductive method, as it starts from ESG actions for the social aspect of the company as a whole, instrumented in bibliographical research, and using a theoretical and conceptual-normative approach, which seeks to be based on academic and theoretical references to build a critical and comprehensive analysis of the topic studied.