Corporate Social Responsibility Development Research Articles

The construction of the normative persuasion of social and environmental reporting regulation

Purpose This study aims to understand why some social and environmental reporting (SER) regulations are more successful than others in modifying collective corporate reporting behaviour and expectations. More specifically, it presents a qualitative and historically informed exploration of the construction of the enabling conditions for corporate adoption of SER regulation in a national context. Design/methodology/approach Drawing on insights from structuration theory and the sociological approach to legal studies, the authors examined the normative persuasion of the first regulation in Spain requiring firms to disclose social and environmental information in a stand-alone report: Article 39 of the Spanish Sustainable Economy Law. The case study is based primarily on 38 semi-structured interviews with relevant actors involved in this SER regulation from 2008 to 2014. Other sources such as legal and policy documents, historical documents, books, press reports and field notes from attendance at technical meetings related to the phenomenon under study help inform and complement the analysis of the interviews. Findings The analysis reveals that the agency of regulators, regulatees and other relevant actors involved in the SER regulation led to the law becoming a dead letter. However, only by examining the structural circumstances, shaped by history and socio-economic context, can the authors understand how the normative persuasion of law is constructed or undermined. Research limitations/implications The study underscores the importance of the national context in developing corporate social responsibility (CSR) regulation and the crucial role of history. The results of this research also suggest that significant progress towards a more transformative CSR regulation cannot be achieved without the support of enabling structures/ Practical implications Recent SER regulations (European Corporate Sustainability Reporting Directive and IFRS sustainability standards, to mention those that are gaining most traction) may not achieve sufficient compliance if those responsible for drafting them do not ensure that the conditions for the emergence of regulatory persuasion are met. Regulators must therefore have a profound understanding of how these conditions are constructed as part of a historical process inextricably linked to the social structures of the environment in which the law is to be applied. Social implications The study reveals the changing landscape of corporate social responsibility, where scientists, academics, NGO activists and civil society organisations struggle to gain some agency in a field populated by actors, such as trade unions or employers, who were constitutive of Western industrial liberal democracies. Originality/value This study presents an in-depth and historically grounded analysis of the dynamics involved in creating the conditions that lead to successful SER legislation in a national context.

Corporate Social Responsibility and Sustainable Development in India

Corporate Social Responsibility and Sustainable Development in India

Role of corporate social responsibility in the strategic development of the enterprise

The paper examines the role of corporate social responsibility in the strategic development of an enterprise. The need to ensure the strategic development of enterprises based on the principles of socially oriented growth has been proven. The relevance of the study of corporate social responsibility as a factor in the strategic development of the enterprise is substantiated. It is summarized that strategic development built on the principles of socially responsible business contributes to the maintenance of harmonious development not only of the economy, but also of society as a whole. The content of corporate social responsibility has been established through the selection of its constituent elements, namely: economic responsibility (balanced business management taking into account the interests of all stakeholders), social responsibility (ensuring fair and safe working conditions, promoting community development, supporting social initiatives, etc.) and environmental responsibility (conserving natural resources, reducing emissions and other environmental protection measures). The role of corporate social responsibility in the strategic development of enterprises has been established, which consists in the implementation of a number of important functions and tasks that contribute to the achievement of sustainable and successful development of the company. It is substantiated that the ambiguity of approaches to determining the significance of corporate social responsibility is determined by several factors: the subjectivity of assessment, the variability of measurements, the diversity of views, the type of activity and the field of development, the evolution of standards. It is well-founded that corporate social responsibility is a concept that recognizes that businesses have an ethical and social duty to society and the environment, including consumers, employees, local communities and the environment. The importance of corporate social responsibility in the formation of strategically oriented enterprises of a new type is summarized. It was concluded that corporate social responsibility reflects the socially responsible attitude of the enterprise, which is an important element of a favorable business environment and contributes to the sustainable development of the economy as a whole.

Peran Public Relations Pada Isu PLTU Suralaya

Air pollution cases are increasing in the Banten region allegedly due to air pollution by PT PLN (PLTU) which comes from the combustion process of one of its plants, thus emitting emissions or remnants of processing results from its chimney. The cause of air pollution is caused by the combustion of one of the plants but because of vehicle gas. So that these reasons can affect the image of the PLTU making PLTU Public Relations carry out various strategies in communicating the issue. The purpose of this study is to see how PR steps to build public trust in PLN (PLTU). This research uses qualitative methods with media monitoring from the mass media related to reporting on issues about air pollution caused by the Suralaya PLTU from February 23, 2021 - September 2023. This research states that the role of Public Relations in restoring the company's image in cases of air pollution caused by PLTU is to conduct media monitoring, media visits, make press releases, create programs in collaboration with stakeholders, help the government to reduce air pollution by spraying water at the top of PLN's head office tower, develop Corporate Social Responsibility (CSR) programs. As well as developing the "PLN Peduli" program where free education programs and Partnership and Community Development programs at the Carnation Waste Bank.

Green finance and high-pollution corporate compensation - Empirical evidence from green credit guidelines

With the increasing focus on Environmental, Social, and Governance (ESG) and Corporate Social Responsibility (CSR) on a global scale, stakeholders expect businesses to transform and enhance social responsibility. Over time, ESG and CSR have developed into vital performance metrics for businesses. Businesses are actively putting improvement measures into place in response to this new paradigm in order to stay competitive in this changing environment. China's dual commitment to CSR and sustainable development is in line with wider objectives, such as resolving issues of pay inequality. In 2012, the China Banking Regulatory Commission (CBRC) unveiled the “Green Credit Guidelines” (GCG), which take corporate governance's environmental considerations into account. These regulations set standards and specifically target high-pollution corporations. Companies may need to restructure their corporate structures and create efficient governance mechanisms in order to comply with these regulations and reduce carbon emissions. This will have an impact on the compensation packages of executives and regular employees.The most important question is how the “GCG” will affect the wage disparity in highly polluting companies. This study examines the 2012 “GCG” and its potential to reduce internal wage disparities, viewing it as a critical element of green financial policy. The paper uses data from Chinese A-share listed companies from 2007 to 2020. Besides, it uses the Difference-in-Differences method to assess the impact of China's GCG, treating its implementation as a quasi-natural experiment and controlling for concurrent policy effects to precisely identify its net impact on corporate carbon emissions and internal wage disparities.The findings show that “GCG” considerably closed internal wage disparities. Furthermore, the “GCG” has a path of guidance, incentives, and punishments that reduce internal wage disparities and promote a more equitable wage distribution within businesses. According to heterogeneity analysis, policies have a greater impact on the wage gap in businesses that are highly dependent on outside funding and have political connection. In order to achieve a compensation balance and meet the objectives of social responsibility and corporate sustainable development, the government should strengthen the complementary effects of green financial policies.The compensation balance in highly polluting companies has important theoretical and practical ramifications. On the one hand, it represents the convergence of income equality, corporate governance, and environmental responsibility. It helps to expand knowledge of sustainable development, fair compensation, and environmental policies. On the other hand, the widening pay disparity between executives and average employees reflects the exacerbation of income inequality in China, which could potentially impact companies' long-term development. Conversely, a well-balanced pay plan can improve worker productivity and motivation while empowering stakeholders to make wise investment choices.

Social responsibility, information technology, and high-quality development of mining enterprise using structural equation modeling (SEM)

In the post-epidemic era, the geopolitical landscape is poised to impact global dynamics, with mineral supply emerging as a potential bottleneck for China's economic growth. Addressing this challenge requires Chinese mining enterprises to align mineral resources with domestic demand while bolstering their global influence. Despite this imperative, outdated technology, safety lapses, and inadequate measures have led to frequent mining accidents. This study explores the intricate relationship between corporate social responsibility (CSR) and information technology (IT) in the mining industry's high-quality development. Employing literature analysis, qualitative and quantitative methods, and structural equation modeling (SEM), we analyze data from 6334 mining companies listed on the Shenzhen Stock Exchange (2011–2018). Findings emphasize the substantial impact of both CSR and IT on high-quality development. While CSR fosters industry development, IT integration enhances social responsibility fulfillment, propelling high-quality development. As China shifts to high-quality development, this research highlights the pivotal role of CSR, surpassing IT, in driving the mining sector's evolution. These insights contribute to understanding the intricate dynamics between social responsibility and high-quality development, offering innovative perspectives for governance and technological advancement in the mining sector.

Redefining Government Roles for a Fresh Perspective on Corporate Social Responsibility

This study investigates the urgency of rethinking the responsibilities that central and local governments play in developing corporate social responsibility and the various shapes that this rethinking might take. Corporate social responsibility aims to strike a balance between profit, environmental sustainability, and community welfare, also known as the “triple bottom line.” The central government and the local government each play an essential part in this context. This investigation uses a normative-empirical legal method, with the primary attention being directed toward transitioning corporate social responsibility from moral duty to legal accountability. The paper discusses the difficulties of attaining social justice by implementing corporate social responsibility. Using a conceptual approach, the research is descriptive-analytical and investigates various views and theories within legal studies. The findings point to the necessity of rethinking the kinds of obligations that fall under the purview of the government. The coordination of programs for corporate social responsibility, the formulation of policies, standards, and guidelines, as well as the supervision and assessment of these programs, must be carried out by both the central government and the local governments. Through the implementation of legislation, social justice must be realised to establish a mutually beneficial relationship between corporations, society, and the environment.

Corporate Social Responsibility Issues and Countermeasures of Chinese Private Enterprises

The present paper explored the concept and significance of corporate social responsibility (CSR) and examined the issues encountered by Chinese private enterprises in assuming CSR. It delved into the factors for CSR deficiencies from the internal and external aspects. Countermeasures from the perspectives of the enterprises themselves and supervision from government and society were outlined to enhance social responsibilities of private enterprises. It is hoped that the present research can inspire some novel ideas for the development of CSR in private enterprises.

Impact of dividend policy on corporate social responsibility: the role of board governance mechanism

Purpose This study aims to investigate the impact of dividend policy on a firm’s participation in corporate social responsibility (CSR)-related activities in the context of Pakistani firms. Furthermore, the role of the board governance mechanism in dividend policy-CSR is investigated. Design/methodology/approach The study’s sample consists of 115 nonfinancial Pakistan Stock Exchange-listed firms from 2010 to 2021. A multidimensional financial method is used to assess the firm’s CSR engagement, and dividend policy is assessed using the dividend payout ratio and dividend yield. The authors used the fixed effect model and the random effect model to fulfill the study’s objectives. Furthermore, the system-generalized method of moment estimation technique is used to test the robustness of the result. In addition, the authors perform reverse causality analysis and investigate the effect of financial constraints on the dividend policy–CSR relationship. Findings The authors find that dividend policy has a significant positive impact on CSR. The authors also find that dividend policy is significantly positively associated with components of CSR, i.e. donation, employee welfare and research and development. Furthermore, the authors find that the board governance mechanism strengthens this positive relationship between dividend policy and CSR. Practical implications The government and authorities must mandate or at least encourage enterprises to pay dividends as doing so not only keeps shareholders happy but also encourages firms to make CSR initiatives to balance stakeholders. Furthermore, the regulator should take steps to strengthen the board governance structure as it strengthens the positive dividend policy–CSR relationship. Originality/value Although little previous research has focused on the CSR-dividend policy link, the authors believe that this is the first study to look at the influence of dividend policy on CSR and the moderating impact of board governance mechanisms in an emerging country, namely, Pakistan.

ЕВОЛЮЦІЯ СИСТЕМИ КОРПОРАТИВНОЇ СОЦІАЛЬНОЇ ВІДПОВІДАЛЬНОСТІ

The pandemic and the post-Covid period, military actions on the territory of Ukraine have changed the orientations in the strategic planning of business entities. Entrepreneurs have become more socially responsible and environmentally conscious participants in the global economy. In the conditions of geopolitical and cultural transformations, they felt their important role in the formation of a strong civil society. The article examines modern aspects of corporate social responsibility (CSR) as a relevant component of enterprise management. The periods of formation and development of CSR are systematized, citing the authors of the main works of that time and the main ideas of doctrines. The limitations of each stage of evolution during the transition to the next one are defined. The conducted research proves that CSR is a complex multi-component system, the elements of which are able to stimulate the sustainable development of the ecosystem, contribute to social stabilization and environmental restoration. Creating a favorable environment for prosperity means not only supporting economic growth and entrepreneurship, but also ensuring equal opportunities, improving the quality of life, and investing in human capital. The authors characterized the theoretical foundations of CSR formation, highlighting approaches and concepts based on object-functional analysis. Practical recommendations for the effective use of CSR are offered, such as professional trainings, social and charitable missions, support for educational and cultural initiatives, implementation of environmental projects, energy saving and food security programs, cooperation with local communities, etc. CSR becomes a kind of catalyst for enterprises that seek to play a positive role in society and contribute to the development of the future welfare of nations. The decisive role of CSR in ensuring the competitiveness and successful development of enterprises in harmony with nature and achieving social progress of society in today’s globalization conditions has been confirmed.

CEOs' digital technology backgrounds and enterprise digital transformation: The mediating effect of R&D investment and corporate social responsibility

AbstractEnterprise digital transformation (EDT) is becoming an essential strategy for business growth owing to the rapid iterative invention of digital technologies. Based on imprinting theory, we examined the effects of chief executive officers' (CEOs') digital technology backgrounds (DTBs) on EDT using data on Chinese listed companies from 2010 to 2020. We found that (1) CEOs with digital technology‐related learning or career experience can drive EDT to a higher degree. (2) Research and development (R&D) investment and corporate social responsibility (CSR) are significant variables that influence the digital transformation of CEOs' digital technology. Both partially mediate CEOs' DTBs, driving digital transformation by increasing R&D investment and enhancing CSR. (3) CEOs' DTBs significantly promote digital transformation in state‐owned, high‐tech, and digital economy enterprises. By promoting digital transformation, CEOs' DTBs substantially increased their sustainable development.

CSR and new product development performance in transition economies: roles of internal capabilities, external networks, and dysfunctional competition

ABSTRACT Despite abundant research on corporate social responsibility (CSR) outcomes, few studies have examined whether CSR contributes to new product development (NPD) performance. Existing studies argue that CSR increases firms’ innovation activities and launches more new products, however, these arguments have yet to fully extend to the understanding of underlying mechanisms in the CSR-NPD relationship and how CSR fosters NPD performance in different scenarios, especially in transition economies. Building on the resource-based view, social capital theory, and structuration theory, this paper hypothesizes that the CSR influence on NPD performance is mediated by internal capabilities and external networks and moderated by dysfunctional competition. Using empirical data of 219 small and medium-sized firms in China, we find that CSR not only directly increases firms’ NPD performance but also has positive effects on internal capabilities and external networks, which in turn improve NPD performance. Moreover, as one of the most representative institutional environments in transition economies, dysfunctional competition strengthens the effects of CSR on internal capabilities and external networks. This research contributes to the CSR and NPD literature in transition economies and offers strategic guidance to innovating firms in transition economies on how to foster and benefit from CSR initiatives, NPD managers should comprehend the coevolution of CSR, innovation, and institutional environments in transition economies.

CSR: Issues, Developments, and Strategies of Intervention

This article delves into Corporate Social Responsibility (CSR) and its significance, drawing upon existing theoretical and empirical literature. It explores the contextual and highly debated relationship between profitability and morality, focusing on India's cultural diversity and its social development challenges. CSR and Sustainable Development Goals (SDGs) have been localised to address these challenges. The article analyses the potential implications of mandated CSR under India's recently enacted Companies Act of 2022 on firm incentives, likely responses of corporations within the ambit of the law, and the implications of resource availability and delivery of social good. The success of addressing these implementation challenges will determine how far the objective of the new regulation is met. Ultimately, this paper studies the interface between CSR and social development, emphasising the importance of both in promoting sustainable growth.

Policy Development Corporate Social Responsibility (CSR) based on Village Sustainable Development Goals (SDGs) in Bukit Batu District Bengkalis Regency

Current Corporate Social Responsibility (CSR) policies are often judged to be less targeted and unsustainable, causing disappointment to the community and government. In order for this CSR policy to be right on target and sustainable, then it needs to be based on the policy of accelerating the achievement of the Village Sustainable Development Goals (SDGs). Bengkalis Regency currently has one large company, namely PT. Pertamina Sungai Pakning which is committed to the implementation of CSR. The company has made a CSR policy from 2014, but this CSR policy has not been based on the Village SDGs. The purpose of this study is to develop CSR policies based on Village SDGs in order to assist villages in accelerating the achievement of national development goals. This study uses a qualitative method. The results of the study found that the development of CSR policies can be formulated using an incremental policy model by maintaining the fields of education, health, the environment and adding several fields, namely the economic, social, institutional and technological fields which have implications for the objectives of the Village SDGs. This policy can be realized through charity programs, infrastructure, capacity building, and community empowerment.

ChatGPT: how it can support corporate social responsibility

Purpose The purpose of this paper is to explore the impact of ChatGPT on the development of corporate social responsibility (CSR). Design/methodology/approach Based on the current applications of ChatGPT in enterprises and existing challenges in CSR, the paper analyzes how the tool promotes corporate sustainable development and what potential risks and challenges are in the practical application. Findings This paper finds that ChatGPT can promote the development of CSR from four aspects: to support social responsibility activities, to strengthen internal control, to promote external supervision and to convey the notion of sustainability and other corporate philosophies for enterprises. Practical implications This paper provides the ground for applying ChatGPT to CSR and includes the potential risks and challenges of the practical applications that enterprises can use for reference. Social implications ChatGPT is becoming increasingly popular and mature, but its applications and effectiveness are less mentioned in CSR. In the future, the research in this area needs to be further advanced. Originality/value This paper makes contributions to the link between ChatGPT and CSR. To the best of the authors’ knowledge, this is one of the first studies that explore the applications, impacts, challenges and opportunities of the technology in the area of social responsibility.

Audi Chinas Sustainability Initiatives: Aligning with Chinas Environmental Policies

Under the background of China's automobile market where the concept of environmental protection prevails, the representative traditional fuel vehicle company Audi is used to discuss the relationship between fuel vehicle companies and China's sustainable development policies. The purpose is to discover how traditional car companies should change their status quo in the twilight Chinese market of fuel vehicles. First, it is important to recognize the importance of China's sustainable development policy and corporate social responsibility and the government's high regard for it. The paper then examines Audi China's sustainability initiatives, including its efforts to reduce carbon emissions, improve energy efficiency, and promote electric vehicles. And this article also puts forward some suggestions on the measures that Audi China can take to deal with these challenges. And summed up the changes that Audi China should make under the environmental protection concept of the Chinese market.

The Significance of Corporate Social Responsibility in Sustainable Development: An Analysis from an Islamic Law Perspective

Objective: This research aims to investigate the role of Islamic values in shaping Corporate Social Responsibility (CSR) practices and their impact on achieving sustainable development goals. Theoretical Framework: The study addresses the increasing significance of CSR and its integration with sustainable development, particularly from the perspective of Islamic business ethics. It explores how Islamic values influence CSR initiatives, aligning them with principles that foster environmental responsibility and social equity. Method: A systematic literature review method was employed to analyze a broad range of scholarly articles and reports. This analysis focused on examining the compatibility of CSR practices with Islamic principles. Result and Conclusion: The findings of this study demonstrate that CSR practices rooted in Islamic values have a positive impact on sustainable development. Such practices promote environmental responsibility and contribute to social equity. This research emphasizes the potential of Islamic business ethics to guide CSR strategies toward more inclusive and sustainable outcomes. Originality/Value: This research contributes to the field of CSR by highlighting the importance of incorporating Islamic principles into CSR frameworks. It underscores how such integration can advance sustainable development on a global scale.

A Tale of Two Corporations: A Comparison between Performance of Domestic and Multinational Corporations on Corporate Social Responsibility in a Developing Muslim Country

Corporate Social Responsibility (CSR), a major strategic tool in sustainable development, environment protection, and ethical alignment has gained considerable amount of attention worldwide. Developing countries, however, are still at the early stage in using CSR and especially for developing Muslim countries, whose CSR concept sometimes are confused with philanthropic responsibilities. This study therefore focuses specifically on a representative developing Muslim country, Pakistan to examine CSR. It piques our research interests that there are differences between multinational corporations (MNCs) and domestic companies in the CSR investment in Pakistan, and we compare how these differences in CSR influencing financial performance, net profits, and assets by using the combined methodologies of qualitative content analysis and quantitative regression analysis to investigate whether the differences are statistically significant drawing on the corporate social model. Analyzing 111 domestic companies and MNCs in Pakistan during 2020, we establish statistically significant differences in financial performance, net profits, and assets. Specifically, we find that domestic companies exhibit lower levels of CSR investment compared to MNCs, and they under-perform in terms of financial performance, net profits, and assets. This study contributes to the literature on CSR and the corporate social model, enhancing understanding of CSR development in numerous developing Muslim countries.

Exploring the Link between Energy Efficiency and the Environmental Dimension of Corporate Social Responsibility: A Case Study of International Companies in Poland

This study presents theoretical and practical contributions to the environmental dimension of enterprises’ corporate social responsibility (CSR) in sustainable development. Interest in the environment is related to CSR through environmental cost optimization and energy-efficiency management. The practical stage of the research, obtained using the computer-assisted telephone interviewing (CATI) method, allowed for presenting case studies of the best practices used by international enterprises operating in Poland. This study describes the practical tools and advice companies can use to improve efficiency and environmental responsibility. The article is an in-depth study of the growing role of enterprises in shaping sustainable and socially responsible businesses and aims to assess the extent to which these companies prioritize energy efficiency as a part of their CSR initiatives. The authors highlight the role of energy efficiency in achieving broader corporate environmental responsibility. This research aims to encourage businesses to adopt responsible environmental strategies for a greener and more sustainable future. The implementation of this goal helped develop and indicate conclusions regarding the development of environmental tools related to corporate responsibility in sustainable development, encouraging scientific debates and promoting responsible monitoring of the implementation of this concept.

High-performance athletes’ transition out of sport: developing corporate social responsibility

ABSTRACT This study investigates high-performance athletes’ experiences of transitioning out of sport and the support provided to them and describes how the findings suggest Corporate Social Responsibility (CSR) initiatives which may inform the development of sport policies addressing issues surrounding sport career transitions. Semi-structured interviews were used to collect data exploring athletes’ lived experiences of adapting to life after sport. Purposive sampling was applied to 20 retired high-performance athletes (10 male; 10 female), from six different countries, representing 11 Olympic sports. The causes of career termination are found to be multifaceted, with the findings indicating different factors such as ‘feelings of reaching saturation point’, shifts in priorities, decreased self-awareness of performance, policy changes (e.g. reductions in funding, changes in coaching personnel), and significant singular events such as crucial losses to key rivals. Lost goals and identity and a lack of pre-retirement planning were considered as major challenges post-retirement. Refocusing and developing new priorities in life and the importance of seeking support were highlighted in discussions on coping with life post-transition. The findings demonstrate that high-performance athletes require support and care from sport governing bodies and social support providers in adapting to post-athletic life. The implications of these findings for CSR initiatives and their relevance to the policymaking process are discussed.