The development of Corporate Social Responsibility (CSR) initiative is formed by several cultural,
economic, social, political and institutional factors which have an impact on setting the priorities and advancement of CSR
practices. The aim of this study is to assess CSR performance at the country level. In order to achieve this aim, the main
drivers and barriers of CSR initiatives were identified and systematized based on literature review. The policies to address
these barriers were analysed and discussed. The framework for the assessment of CSR performance was developed based on the
analysis and assessment of the quality of political-regulatory, economic and social environment, implemented public policies
to promote CSR and successes that were achieved by countries in implementing recommendations for public policy advancement.
The indicators from Venture Capital and Private Equity Country Attractiveness Index, CSR policies areas reviews and EU
recommendations for the improvement of public policies linked to the CSR were applied for assessing the CSR performance.
The empirical analysis and the assessment of CSR performance in the Baltic States was performed based on the developed
framework and policy recommendations that were developed for other countries, taking into account the priorities of “The
Belt and Road” project that was initiated by the Chinese government and aiming at sustainable development and global
risk mitigation.
ASSESSMENT OF CORPORATE SOCIAL RESPONSIBILITY PERFORMANCE AND STATE PROMOTION POLICIES: A CASE STUDY OF THE BALTIC STATES
