The aim of this research is to assess the impact of the economic shocks of supply and demand generated by the COVID-19 crisis on the climate sphere at the level of the Member States of the European Union. In this respect, a macroeconomic model was used to obtain firstly an estimate of the measure of demand shock and secondly an estimate of the supply of the economy. These milestones were eventually used to estimate the impact of the two economic shocks on the level of greenhouse gas emissions. The obtained results show that both the shock from the aggregate demand area and that from the aggregate supply area had the effect of decreasing the level of greenhouse gases, leading to a positive effect on the environment. From a quantitative point of view, the model estimates show that, as a result of the manifestation of the two cumulative shocks, the level of greenhouse gas emissions could decrease by about 10%.
The authors propose an analysis of the corporate social responsibility (CSR) concept together with an emphasis on the role it plays in the context of sustainable development. As this is a concept with a relatively brief history in the Romanian business environment, the authors include references to relevant papers in the specialised literature throughout this chapter. The chapter includes a synthesis of the various theoretical approaches to CSR, an overview of the CSR practices development at national and international level, certain authors' for and against arguments related to generalising these practices, trends regarding CSR practices at international level, as well as an analysis of the CSR practices in Romania. The research conclusions express own points of view on the development of corporate social responsibility initiatives at company level and the related benefits thereof.
The authors propose an analysis of the corporate social responsibility (CSR) concept together with an emphasis on the role it plays in the context of sustainable development. As this is a concept with a relatively brief history in the Romanian business environment, the authors include references to relevant papers in the specialised literature throughout this chapter. The chapter includes a synthesis of the various theoretical approaches to CSR, an overview of the CSR practices development at national and international level, certain authors' for and against arguments related to generalising these practices, trends regarding CSR practices at international level, as well as an analysis of the CSR practices in Romania. The research conclusions express own points of view on the development of corporate social responsibility initiatives at company level and the related benefits thereof.
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