Abstract
The health, economic, and social consequences of the COVID-19 virus have highlighted the need for collaboration among all agents to face a scenario that we have not before seen. Like the rest of the world, the Gulf Cooperation Council (GCC) with governments of almost all GCC countries has imposed lockdowns, travel restrictions, and curfews to deal with the COVID-19 pandemic. Many projects have been extended and operational infrastructure and utility projects face or are expected to face shortages of labor and materials, restriction in movement of personnel, and interruption to supply chains. The aims of this paper are to analyze the involvement that emerging markets have shown during the most challenging moments of the epidemic and to determine the objectives these companies have pursued with them. This paper aims to explore corporate legal and social responsibility in the context of the COVID-19 pandemic, especially in emerging economies in the Gulf Cooperation Council (GCC). The paper will clarify CSR’s notion and provide an overview of different CSR domains, including legal, financial, social, and ethical domains, and it will discuss the relevance of CSR in emerging economies from the GCC region. Being socially responsible on the part of corporate entities is now no longer an option; it is part of their normal business obligations in human resource management (HRM) and the legal frameworks for employment in GCC. In the context of the COVID-19 pandemic, these frameworks may be exacerbated by-laws limiting circulation in and out of these countries, leading to company collapse and severe social and economic repercussions. Considering these aspects, CSR practice may be applied in the GCC region through a legal framework that would elicit some mandatory CSR actions from corporations, including HRM practices, corporate governance, accountability, and transparency. Keywords: COVID-19 Pandemic, Gulf Cooperation Council Countries, Social Responsibility, Health.
Highlights
The Coronavirus or COVID-19 has generated significant health, economic, and social risks because we could only use restraints on mobility and economic activity to contain its spread
The commitment that companies have with the Gulf Cooperation Council (GCC) 2030 vision Agenda and the Sustainable Development Goals (SDGs) has caused them to expand their corporate social responsibility (CSR) strategy to fight COVID-19
We have analyzed the commitment of the GCC to face the human, health, and economic consequences that this epidemic has for the population
Summary
The Coronavirus or COVID-19 has generated significant health, economic, and social risks because we could only use restraints on mobility and economic activity to contain its spread. The crisis resulting from the pandemic has caused a change in how corporations pursue their economic, social, and environmental objectives, giving greater importance to the role they must play in society In this new scenario, firms need to adopt their CSR strategies to establish a business commitment to society and vulnerable groups, especially those closest to them, the local environment associated with the country of origin of the firms or territories in which companies operate have a greater presence. Society is facing one of the most challenging times amidst the COVID-19 pandemic, yet this context offers enterprises a real opportunity to practice valid CSR. 2
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