The following thesis is a study of development of CSR policies around the world and in Ukraine in particular. Additionally, the purpose is to make suggestions for positive change in a process of CSR implementation by Ukrainian companies and a role of state in promoting responsible business behavior. Corporate Social Responsibility is an emerging concept in Ukrainian business and delay in its establishment can be explained with a number of factors. There is a need in changes to existing management practice, insuring integration of principles, methods and tools of social responsibility in business activities of Ukrainian corporations in order to ensure their competitiveness, achievement of high productivity and profitability. The study has been performed through a literature review of current research and a case study of Ukrainian company CSR policy. The results show that there have been a major improvement in evolution of CSR concept in Ukraine over last few years, but there are still a number of problems to deal with. This thesis can be useful in reviewing last trends in development of CSR in Ukraine and defining challenges and problematic areas.