Abstract
Present technological innovations and social organizations continue to impose risks and limitations on the efficient performance of the biosphere. Human activities have increasingly short-lived sustainable natural endowments, to the extent that, the multiplier effects have ripples beyond the traditional benefits of economic production and consumption. Therefore, this study addressed practical concerns on how industries in Sub-Saharan Africa promote sustainable development in their corporate social responsibility models, using industries in Cameroon as a case study; it examined economic, social, and environmental components of sustainable development and corporate social responsibility (CSR). Our sample consists of 335 business enterprises from the last Censure Survey of Enterprises in Cameroon. The study adopted a systematic analysis through the Adjusted Residual Test, and the Phi and Cramer’s V tests. Findings revealed that industries in Cameroon prioritize environmental and social dimensions over economic dimensions. However, a few large enterprises implement a broad CSR that promotes sustainable business practices, whereas smaller ones do not; industries in Cameroon implement environmental dimensions of CSR as a safe buffer and a social dimension as philanthropy. Hence, there is no concrete evidence that industries promote sustainable development via CSR in Cameroon. The implementation of a sustainable business model is a precondition for promoting sustainable development via CSR. Industries should realize the concrete value in implementing a sustainable business model that helps to adjust to the complex and increasingly changing business environment.
Highlights
Present technology innovations and social organizations continue to impose risks and limitations on the efficient performance of the biosphere
Three dependent variables that correspond to the dimensions of corporate social responsibility (CSR) and sustainable development are the social dimension, economic dimension, and environmental dimension, with each being constructed with the help of a proxy
The variable type of enterprise is significant for all three dimensions of CSR and sustainable development at 1%
Summary
Present technology innovations and social organizations continue to impose risks and limitations on the efficient performance of the biosphere. At the United Nations Conference on Sustainable Development, Rio +20, various international actors emphasized a greater need to channel policy and resources towards sustainable development goals so as to streamline economic activities that impose risks to the environment and fail to reduce poverty level across the world, especially in Africa (United Nations GA Res 21/16, 2012 [1]). Even though Rio+20 was not the first conference to address a sustainable development agenda, it did mark a resilient effort to redirect resources and policy towards mitigating against environmental risks and a depletion of natural capital assets as a result of the globalization of economic production and consumption in the 21st century. Sustainable development can be considered as a broad agenda, which aims to channel resources and policy towards addressing present needs, while preserving the ability of future generations to meet their own need (United Nations GA Res. 21/16, 2012 [1]; WBCSD, 2012 [2])
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