Corporate Responsibility in the Context of Conflicting Environmental and Economic Interests: Consequences of an Imperfect Legal Environment

Abstract

The article examines corporate responsibility in the context of conflicting environmental and economic interests, which are exacerbated by the inadequacies of the legal framework. It emphasizes the importance of considering environmental factors in corporate decision-making and the necessity of developing a balanced legal framework that promotes sustainable development. The research also focuses on analyzing situations where legislative shortcomings lead to conflicts between environmental and economic interests. Based on comparative analysis, experience generalization, and the application of an eco-economic approach, the article provides recommendations for improving the legal framework to enhance corporate responsibility and ensure a balance between economic benefits and environmental preservation. This study specifically examines the situation in Azerbaijan, considering its status as an oil-producing country, and assesses the issues related to the environmental and ecological aspects of economic activities.