Corporate Social Responsibility of Cooperatives in Contemporary Legislation

The research focuses on the provisions on corporate social responsibility of cooperatives in contemporary legislation. The disclosure of this topic requires a comprehensive analysis of the sources of cooperative law and the provisions on the corporate social responsibility of cooperatives contained therein. Both have an insignificant level of scientific development, which determines the relevance of the presented research. The authors conclude that contemporary sources of international and national cooperative law have norms concerning corporate social responsibility. Moreover, these norms were historically conditioned long before the formulation of the concept of corporate social responsibility. Nevertheless, additional corporate social responsibility in international and national law is mainly declarative. This is largely due to the fact that additional guarantees for social security are formed at the expense of cooperatives, whose financial capabilities are limited. Nevertheless, the presence of even declarative norms distinguishes the cooperative form of labor organization among others because only cooperation can be proud not only of democratic governance but also of social orientation fixed in international and national legal acts.