Contemporary Problems of Social Work Современные проблемы социальной работы academic journal

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CONTEMPORARY PROBLEMS OF SOCIAL WORK
Second place is represented by a sphere of industrial enterprises, which by virtue of their 
professional activities pollute the environment and are a danger to life (oil and gas, chemical 
and petrochemical industry, metallurgical and mining, perfume, wood, pulp and paper industry).
The statistics show that the representatives of information technology and telecommunications 
sphere (PLC “Rostelecom”, PLC “MegaFon”, PLC “MTS”, PLC “VimpelCom”) are on the third place. 
This area is extremely profitable allowing these companies to effectively implement in their 
work quite costly concept of socially responsible investing.
Airlines ranks fourth place (PLC “Aeroflot”, PLC “Transaero Airline”), provides transportation 
services and are constantly working on social responsibility policies and customer loyalty.
Automotive industry (production of cars, trucks, buses, machinery for agriculture and 
engineering) on the basis of ranking is only 10,0%, because of its lack of development on the 
territory of Russia, and, accordingly, pay much less attention to social programs.
Nowadays, information support of SRI have been improved due to the propagation of 
non–financial reports (social reports, reports on corporate social responsibility, sustainable 
development reports, environmental reports, corporate citizenship reports, etc.). Within the 
framework of socially responsible organization reports data reveal information about ongoing 
labor practices, environmental protection and ecological safety maintenance, interaction with 
society. Such reports help stakeholders and any other interested parties to understand how a 
reporting socially responsible organization adheres to the principle of “triple bottom line” for 
social, economic and environmental aspects of its financial and economic activity.
Although, practice shows, that the preparation of non–financial reporting is not mandatory, 
the organization therefore begin to face growing expectations of stakeholders in relation to 
this aspect. Non–governmental organizations, investors, local communities, potential and 
actual customers, media, suppliers, authorities and staff strive to get more information about 
the long–term impact on the operation of the business community as a whole.
In 2015 158 organizations was listed in the National Register of nonfinancial reports [11; 
19], 620 non–financial reports issued during the period since 2000 was registered, including: 
social reports (SR) – 258, reports in the field of sustainable development (ESD) – 201, integrated 
reports – 86, environmental statements (ER) – 52, industry reports – 23 (Table 2).
Table 2
Distribution of Non–Financial Reports by Industry Sector of Socially Responsible Organizations
Industry classification companies
Number of 
companies
Number of reports
IR
ESD
SR
ER
Total
Energetics
40
52
40
41
5
138
Oil and gas industry
19
0
79
9
28
116
Finance and Insurance
17
3
13
55
0
71
Metals and Mining industry
17
6
22
42
0
70
Chemical, petrochemical, perfumery industry
12
21
12
21
0
54
Manufacture of food products
9
0
16
20
0
36
Telecommunications industry
10
2
5
21
0
28
Wood, pulp and paper industry
4
0
0
4
15
19
Non–profit organizations
5
0
3
13
0
16
Transport
5
0
3
10
2
15
Housing and utilities
4
0
0
11
1
12
Education, health
5
0
0
10
0
10
Other services
3
0
7
1
0
8
Manufacture of machinery and equipment
2
2
0
0
0
2
Cement manufacturing and construction
2
0
1
0
1
2
TOTAL
154
86
201
258
52
597
Industry reports
4
0
1
22
0
23
TOTAL
158
86
202
280
52
620
Source: compiled by the author based on [11; 19].

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VOLUME 2, No. 1, 2016
Table 2 shows the companies rated by the amount of the final non–financial reports. Within 
the table is contained the largest number of reports presented by companies from the energy, 
oil and gas, banking and insurance sectors. Least of all reports provided by the companies from 
the following industries: cement production and construction, engineering, education, health.
Andrei Kiselev, General Director of Downstream Technologies in an interview for the 
magazine “Sustainable Business” said that “today can clearly be seen a steady trend of SRI 
concept development. Based on the analytical data, the increase is around 10,0–15,0% per year. 
This figure in 2014 reached $ 53 billion. And, according to preliminary forecasts, in 2016 will 
exceed 120 billion US. dollars” [2].
It should be noted that the application of the SRI concept in the service sector enterprises 
in the long term may lead to the formation of at least four effects (Fig. 5).
Socially responsible investment
Ecological effect
–
 Skills development; 
– The preservation of jobs; 
– Formation and social packages; 
– Safety of the public; 
– Reduction of staff turnover; 
– Improving working conditions; 
– Improving the quality of human capital; 
– Providing occupational safety and health. 
–
 Insurance risks; 
– Improving the efficiency of HR, IR, marketing and 
sales;
– Reduction of operating expenses and transaction. 
–
 Respect for human rights; 
– Improving the reputation and image of the 
organization; 
– Consumer rights Protection; 
– Ensuring a guaranteed level of education and health 
care, nutrition; 
– Refusal to work with the companies for the 
production, sale and distribution of alcohol and 
tobacco;
– Adherence to ethical norms and the principles of 
equality, fairness and impartiality; 
– Increase customer loyalty and staff, as well as to 
respect their rights. 
–
 Negative impact on the environment; 
–
 Achievement of harmony between man and nature; 
–
 Compliance with waste management programs; 
–
 Reduction of emissions into the atmosphere; 
–
 The achievement of environmental safety; 
–
 The preservation of renewable energy sources; 
–
 Protection and conservation of natural resources, 
climate change, etc.
Social effect
Ethical 
effect
Financial effect
Source: compiled by the author based on [9; 12; 17].
Figure 5.
 Characteristics of the SRI Effects in the Services Sphere

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