Corporate social responsibility is the commitment of business to contribute to sustainable economic development, working with employees, their families, the local community and society at. Corporate social responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their. Systematic study and inclusion in the literature has been lacking, however. A case study of the mining community in the obuasi municipality by victoria mensah the master thesis is carried out as a part of.
The relationship between sustainable development and. Evaluating corporate social responsibilitysustainable. Sustainable development and corporate social responsibility are closely related business concepts that have greatly affected corporate governance in the early 21st century. Pdf sustainable development goals and corporate social.
Pdf for that the enterprises can proceed at implementation in practice of the generous humanitarian principles of sustainable development is. World business council for sustainable development. Corporate social responsibility and sustainable development in. It has been widely contended that corporate social responsibility csr is an ambiguous concept that fails to strike the right balance between corporate economic interests and social demands. Corporate social responsibility corporate social responsibility csr is also known by a number of other names. Sustainability is responsibility for the impact that the organization exerts on its surroundings, in business, environmental and social terms. There can only be positive results from developing sustainability from. Pdf corporate social responsibility csr is the core of sustainable development of companies. Their potential in being not only part of the problem, but also perhaps part of the solution, is increasingly recognised and has come to the fore in research interest in corporate social responsibility csr activities and sustainable development implications of ib.
The corporate social responsibility csr is a powerful tool or channel for ensuring greater market access and enables a better engagement in the global market. Foreign direct investment fdi and corporate social responsibility csr spending are one of the major factors in improving sustainable economic development of a country. Download pdf sustainable development and corporate social. It has been widely contended that corporate social responsibility csr is an ambiguous concept that fails to strike the right balance between corporate economic interests and social. Sustainable development involves the use of environmentally responsible and efficient operational practices that preserve environmental resources crucial to your longterm. Pages evaluating corporate social responsibility and. Stakeholders expect boards and management to accept responsibility and implement. The present article argues that energy efficient principles can be used as a csr tool to fulfill the sustainable development goals in the uns agenda 2030, so responding to the demands of a range of. Impact of corporate social responsibility on sustainable enterprise development. Julie rothbardt, department of political economy and commerce, monmouth college defining csr corporate social responsibility csr has been defined by interest groups, organizations, and academicians in several different ways. Sustainable development goals and corporate social. Sustainable development, corporate social responsibility, corporate sustainability introduction in recent years, the discussion about sustainability has risen above average. International business, corporate social responsibility. Corporate social responsibility csr as a management concept based on the creation o f a balance between economic, social and environmental goals is more and more accepted as an indicator of the.
Julie rothbardt, department of political economy and commerce, monmouth college defining csr corporate social responsibility csr has been defined by. These include corporate responsibility, corporate accountability, corporate ethics. The process began in 1997 with the founding of the csr working group and is set to continue through to the year 2000, with the publication of a final. Business firms like, reliance industries, tata motors and tata steel have achieved admiration for their corporate social responsibility initiatives. Sustainable development and corporate social responsibility in. Corporate social responsibility fachhochschule kiel.
Corporate social responsibility and sustainable development oasdhdeecir. Corporate social responsibility, sustainable development streszczenie prezentowany artykul ma na celu analize kluczowych zalozen koncepcji. Csr is an evolving business practice that incorporates sustainable development into a companys business model. Corporate social responsibility csr refers to strategies corporations or firms conduct their business in a way that is ethical, society friendly and beneficial to community in terms of development. Sustainability and corporate social responsibility csr sap. Pdf the relationship between sustainable development and. The triple concept of sustainable development is used as a means to expand and develop a basic approach to value creation. This research paper provides a theoretical investigation of the hypothesis that corporate social responsibility csr spending is an ideal lever for development therefore making it mandatory is.
Among them, environmental protection has emerged as an important business issue in recent decades. Pdf on nov 6, 2017, dongyong zhang and others published corporate social responsibility and sustainable development find, read and. Corporate social responsibility and sustainable business. Stakeholders expect boards and management to accept responsibility and implement strategies and controls to manage their impact.
Sustainable development and corporate social responsibility. Many firms are now conscious about engaging in corporate social responsibility csr for managing their business operations. Corporate social responsibility and sustainable development. An overview of corporate social responsibility 4 what is the business case for csr. The relationship between sustainable development and corporate. Corporate social responsibility is the commitment of businesses to contribute to sustainable economic development by working with employees, their families, the local community and society at large to improve their lives in ways that are good for business and for. In india, the csr policy under section 5 of the companies act 20 came around the same time as the formation of the sdgs.
Working with the private sector for sustainable impact. Introduction the issue of corporate social responsibility csr has been debated since the 1950s. The csr is an approach that comprises a wide range of components such as corporate governance and workforce diversity. Corporate social responsibility and sustainability. Sustainable development sd and csr have an interesting historical lineage in china.
Sustainable development, corporate social responsibility, corporate responsibility, business ethics introduction many misunderstandings can be experienced in relation to the concept of sustainable development, corporate social responsibility and the relationship between them. Global media coverage of corporate social responsibility and sustainable development. Corporate social responsibility and sustainable development in india 683 the term corporate social performance was first coined by sethi 1975, expanded by carroll 1979, and then furnished by wartick and cochran 1985. Declaration of the opportunity to undertake actions. Pdf corporate social responsibility csr has become an important concept in the last few decades. Pdf corporate social responsibility and sustainable. Pdf the concept of corporate social responsibility and sustainable. We believe social, environmental, and economic activities and performance are interrelated each impacting the others. Pdf corporate social responsibility and sustainable development. The impact of corporate social responsibility on sustainable.
Corporate social responsibility and sustainable development february 23, 2018 business tagged. Sustainable development and corporate social responsibility explores the evolution of csr across the developed and developing world, with a particular focus on china and sustainable development. In india, the csr policy under section 5 of the companies act 20 came. Corporate social responsibility for sustainable business. Csr presents significant risks and opportunities for many organizations.
However, the credit to define csr at the global level goes to howard bowen 1953 who highlighted. Role of media in corporate social responsibility and. World business council for sustainable development corporate social responsibility this report is a milestone in the wbcsd contribution to the debate on corporate social responsibility csr. The aim of the project is to strengthen corporate social responsibility in subsaharan africa for sustainable development. With our size and scale, we have a global responsibility and a. Sustainable development and corporate social responsibility are closely related business concepts that have greatly affected corporate. Beyond that, this book shows that sustainable development goals can be achieved when the companys csr programs and social capital development in improving peoples capabilities. The role of corporate social responsibility on sustainable development. Apr 22, 2019 understanding and maintaining corporate social responsibility. Communication from the commission concerning corporate social. The aims of this document were, firstly, to launch a debate about the concept of corporate social responsibility csr and, secondly, to identify how to. International business, corporate social responsibility and.
To further clarify the picture on the role the global media play in portraying csr and sd initiatives, the good news and bad report was used. With our size and scale, we have a global responsibility and a unique opportunity to be a force for good. The role of csr in achieving sustainable development. Abstract many firms are now conscious about engaging in corporate social responsibility csr for managing their business operations. Our efforts focus on creating a sustainable future for sap, our. Csr toward achieving the goal of sustainable development in india. The sustainable development goals provide a powerful framework for businesses to engage in corporate social responsibility. Fundamental steps of the path of sustainable development in detail 1972. Must have academic degree especially in social sciences.
These include corporate responsibility, corporate accountability, corporate ethics, corporate citizenship or stewardship, responsible entrepreneurship, and. Master thesis the role of corporate social responsibility on. The option for international scientific production analysis. My coauthored paper titled sustainable development goals and corporate social responsibility. Time to get counted draws our attention to the social context within which industries and corporates are located in current times. However, this does not imply that the university answers for the. Corporate social responsibility csr has long been discussed as a possible remedy. Csr, environment, responsiblity, sustainable development, united nations no comments goals for protecting the planet.
Conscious management of the impact translates into lower costs, improved external relations and better managed risks. By developing and delivering solutions for the achievement of the sdgs, companies will discover new. Saps sustainability and corporate social responsibility csr focus is an outgrowth of our purpose to help the world run better and improve peoples lives. Corporate responsibility or sustainability is therefore a prominent feature of the business and society literature, addressing topics of business ethics. In an international context, the number of articles focusing on these subjects has increased year by year and the. Master thesis the role of corporate social responsibility. Sustainability is skilled positioning of the organization in the economic reality. A case study of the mining community in the obuasi municipality by victoria mensah the master thesis is carried out as a part of the education at the university of agder and is therefore approved as such. Corporate social responsibility, community development, competencies of csr managers, multinational corporations, corporate society relations.
Impact of corporate social responsibility on sustainable enterprise. The social responsibility of international business. Implementing corporate social responsibility 18 task 1. Corporate social responsibility csr presents significant risks and opportunities for many organizations. Crosby 1997, corporate social responsibility as a social obligation holds the view that a corporation engages in socially responsible behavior when it pursues profit only within the constraints of law.
Corporate social responsibility csr corporate social responsibility csr refers to operating a business in a manner that accounts for the social and environmental impact created by the business. Sustainability and corporate social responsibility csr. Corporate social responsibility and sustainable development in india. The aims of this document were, firstly, to launch a debate about the concept of corporate social responsibility csr and, secondly, to identify how to build a partnership for the development of a european framework for the promotion of csr. Csr, environment, responsiblity, sustainable development, united nations no comments goals for. This study considers that the level of sustainable development is measured by two unified operational and environmental efficiencies. Corporate social responsibility and sustainable development supports sens assertions that poverty can be alleviated if the capability of individuals is improved. Sustainability and social impact marriott international.
This research paper provides a theoretical investigation of the hypothesis that corporate social responsibility csr spending is an ideal lever for development therefore making it mandatory is effective on sustainable development. Corporate social responsibility or csr as we will call it throughout this book is a. Role of media in corporate social responsibility and sustainable development january 2003 2. International business, corporate social responsibility and sustainable development. Corporate social responsibility as an obligation according to j. Hopkins april 20161 in addition to eliminating poverty, the new framework will need to address the drivers of change, such as economic growth, job creation. The sustainable development goals are reframing the discussion of corporate social responsibility.
Sustainable development, corporate social responsibility. Stakeholders expect boards and management to accept responsibility and implement strategies and controls to manage their impact on society and the environment, to engage stakeholders in their endeavors, and to inform the public about their results. Today, business plays an increasingly critical role in taking on our worlds most pressing social, environmental and economic issues. The csr is an approach that comprises a wide range of components such as. Most organizations can be placed somewhere in between. Sustainable development the idea of sustainable development in entrepreneurship is primarily presented in connection with the survival of the company. Time to get counted draws our attention to the social context within which industries and corporates are. Crosby 1997, corporate social responsibility as a social obligation holds the view that a corporation. Jan 27, 2020 this study focuses on the environmental protection from corporate efforts measured by csr and socially responsible investment sri that may serve as a proxy of csr. Pdf sustainable development and corporate social responsibility. Download pdf sustainable development and corporate. By developing and delivering solutions for the achievement of the sdgs, companies will discover new growth opportunities and lower their risk profiles. Sustainable development, corporate social responsibility, corp orate sustainability introduction in recent years, the discussion a bout sustainability has risen above average. Corporate social responsibility and sustainable development in india 683 the term corporate social performance was first coined by sethi 1975, expanded by carroll 1979, and then furnished by.
1303 1545 561 219 976 607 648 698 1576 912 1533 739 826 1514 327 983 488 686 454 565 51 384 1495 711 1103 702 246 1303 407 56 1346 20 28 564