Corporate Social Responsibility Policies Research Articles

Family leadership and CSR decoupling: Founder–descendant differences in socioemotional wealth

Founders of family firms differ from descendants, particularly in terms of affective attachment, cognitive identification, and social concern. This study examines how these generational differences between founder-led and descendant-led family firms affect corporate social responsibility (CSR) decoupling, which is the gap between stated CSR policies on paper and their actual implementation in practice. While decoupling may yield economic benefits by saving on implementation costs if concealed, it can damage socioemotional wealth if revealed. The findings, based on a sample of 3,576 firm-year observations from large firms in the United States, demonstrate that the relationship between family ownership and CSR decoupling is contingent upon family generation. Family ownership decreases CSR decoupling in founder family firms, while it increases CSR decoupling in descendant family firms. It indicates that family firms perceive the benefits and risks of CSR decoupling differently based on the generation of family leaders. JEL CLASSIFICATION: M14, G32, D22, L25

Do Good, Have Good: Mandatory CSR Policy and Foreign Subsidiary Performance in India

In 2013, the Companies Act in India mandated that foreign subsidiaries with specified profitability and size spend at least 2% of their net income on corporate social responsibility (CSR). The study uses this natural experiment to isolate the impact of CSR spending on multinational enterprise (MNE) subsidiary performance. Using a triple difference estimation method on 175 foreign subsidiaries from 2005 to 2020, this study finds a positive impact of the compulsory CSR regulation on the CSR spender subsidiaries. We also find that higher institutional distance and greater subsidiary age benefit affected subsidiaries, positively impacting their performance because of mandatory CSR spending. The findings offer suitable recommendations for managers and policymakers in emerging markets as navigating regulatory CSR policies in the host country requires considering both resource-based and institutional environment factors.

Impact of Corporate Social Responsibility Policy on Customers' Appetite to Buy Environmental Friendly Products before and After COVID-19

Purpose: This research aims to thoroughly examine the diverse effects of corporate social responsibility (CSR) on consumer Appetite, specifically concentrating on consumers' inclination toward purchasing environmentally sustainable products. Notably, we investigate consumers' perceptions across different periods, scrutinizing behavioral shifts before and after the COVID-19 era. Design/Methodology/Approach: Employing a robust empirical strategy, our survey methodology involves a substantial sample of 815 respondents, focusing on the demographic of young consumers in Bangladesh-a dynamic developing nation. The data collection process encompasses a meticulously crafted questionnaire, and our analysis employs the sophisticated framework of structural equation modeling (SEM). Results: Our insights go beyond conventional observations, revealing a nuanced understanding of consumer priorities even in the wake of the pandemic. Consumers consistently prioritize corporate practices related to circular economy principles, the geographical aspects of cloth production, raw material origins, pollution control, workers' rights, and the responsible utilization of recycled materials. Originality/value: This study introduces an original model that significantly contributes to comprehending the impact of CSR on consumer behavior, highlighting its relevance for policymakers in Bangladesh. The implications extend beyond the immediate scope, influencing strategies for integrating eco-friendly products into the broader business environment. Consequences: The empirical findings in this study challenge existing assumptions, emphasizing the pivotal influence of environmental considerations on shaping positive consumer behavior. Beyond superficial observations, this research offers a more sophisticated view of the intricate processes, providing significant insights for academics, industry experts, and businesses.

The influence of stakeholder theory and Islamic faith on employee perception of CSR

Purpose The purpose of this paper is to examine the influences of employee perception of corporate social responsibility (CSR) in the Readymade Garment Industry (RMG). The RMG industry in Bangladesh has faced constant criticism of their working practices, and following some fatal incidents, the industry was faced with external pressures of implementing CSR practices and policies. Manufacturers invested and initiated CSR in their business and marketing strategy to survive in the global competition. Employees are internal stakeholders that help to implement and disseminate strategies successfully; however, there is not enough knowledge in the area of employee perception of CSR. Design/methodology/approach The paper is an exploratory study using the quantitative data collection method. In total, 128 responses have been collected from participants who are employees of garment factories in Bangladesh to understand their perception of CSR. Regression analysis has been conducted to ascertain the relationships between the factors that influence employee perception. Theories of stakeholder management, organizational citizenship behaviour, social exchange theory and employee engagement have been used to analyse the factors that influence employee perception. Findings The findings show that the factors that influence perception of CSR are not confined to the stakeholder’s initiatives but are significantly dependent on the employees’ direct involvement, engagement and personal values as a beneficiary and an executioner. In addition to the stakeholder’s initiatives that are a key deliverable to the marketing strategy, the employees are influenced by their personal beliefs and practices that can be associated with influences of religion, culture and the wider social landscape. Research limitations/implications The data is limited to a small number of factories located near the capital, Dhaka, this is a small sample compared to the 4,000 factories in Bangladesh. Further research can be conducted based on a larger data set, which could represent a wider range of employee perspectives from different factories relating to size, product category and geographical location. The study does not expand on the factors that influence employee perception specifically. Practical implications The findings of the study can help the employers understand that the organization’s priority and participation are not the only factors that influence the employee’s perceptions. The employees’ assessment of the stakeholder’s intentions of CSR, which are reflected in the organization’s priority, shapes employee perceptions that are influenced by their personal values and beliefs. The awareness of the factors that influence the employees will enable organizations to motivate them and deliver on expectations of the business partners. Social implications It is the practices aimed at the employees that enhance their engagement in CSR that enable them to reciprocate and influence their perception of the organization’s fair and genuine motives. The effectiveness of this aids the macro-marketing aspects of managing social concerns and the impact of businesses. Originality/value The data collected is primary data from employees of garment manufacturers. The hypothesized framework is developed by the authors, and the outcomes of the factors that influence the employee perception of CSR are escalated from the analysis conducted by the authors.

Does CSR facilitate access to trade credit? The role of family ownership

AbstractBuilding on the socioemotional wealth theory, this study examines the influence of family ownership and corporate social responsibility (CSR) on trade credit. We argue that the intention to preserve family control, the preference for long-lasting relationships, and the desire to accumulate social capital lead family firms to opt for trade credit. Family firms’ peculiarities are also expected to condition the CSR-trade credit link. In addition, we account for the fact that some CSR practices are particularly aimed at external stakeholders. Our analyses rely on a sample of European listed firms from 2008 to 2020 and our empirical evidence confirms a positive effect of family ownership and CSR on trade credit. Going a step further, our results highlight the moderating role of family ownership in the relationship between CSR and firm’s access to trade credit. In fact, the positive effect of CSR on trade credit seems to be exclusively attributable to family firms. We also report that CSR policies oriented towards external stakeholders are linked to greater use of trade credit, with family firms explaining the positive impact of external CSR.

The Political Economy of China’s Presence in Africa

Abstract This paper seeks to examine the political economy of China in Africa to unpack whether this foreign presence represents a miracle or a mirage for the continent. Data was gleaned from books, articles, official documents and the 2021 Afrobarometer Dispatch 489 survey (AD489). The paper argues that China is a rational actor that engages with Africa to advance its national interests. The Chinese presence in Africa has elicited divergent reactions from Africans of different social groups. The non-interference principle of the Beijing Consensus has led African power elites to embrace China as a reliable partner. Yet, the reactions of local Africans are mixed. While some applaud China’s contributions to infrastructure development, others criticise it for employing debt-trap diplomacy to assert hegemonic dominance on the continent, exploit African labour and extract resources. The criticism from Africans has led China to attempt to formulate corporate social responsibility policies, establish environmentally sustainable industries and ensure favourable working conditions.

Social Economy entities as key actors to achieve Sustainable Development Goals: an example

The 2030 Agenda and the Dubai Declaration call for immediate action not only to signatory States, but also to sub-states, municipalities and different private actors, as only a private–public collaboration can help us achieve the various United Nations Sustainable Development Goals and a carbon free world by 2050. Among private entities, we highlight the important leading role Social Economy entities can play, as well as private entities that have voluntarily adopted a carbon free goal and different 2030 Agenda targets into their Corporate Social Responsibility processes and policies. We provide an example as regards SDG 12.3.

Factors affecting GEN Z’s intention to leave jobs in Vietnam

This study examines the factors affecting Gen Z’s intention to leave jobs in Vietnam. The Gen Z workforce is a fundamental human resource in society. However, the mounting rates of job turnover within this demographic have emerged as a notable cause for concern. This study, based on social exchange theory and self-concept theory, aims to evaluate the impact of various factors on the intention to leave among office employees from Gen Z in Vietnam. The study utilized a mixed-method, combining qualitative research (focus groups with 7 official employees) and quantitative research methods (Cronbach’s Alpha, Exploratory Factor Analysis-EFA, Pearson correlation, and multivariate linear regression). A sample of 385 office employees was surveyed, and data was analyzed using SPSS 26 software. The results revealed that stress at work (SW) positively affects office employees’ intentions to leave jobs. In contrast, some factors such as career advancement (CA), corporate social responsibility (CSR), work environment (WE), ethical leadership (EL), and salary policy (SP) negatively affect official employees’ intention to leave jobs. Drawing on these results, managers can better understand how to mitigate the intention to leave jobs among office employees from Gen Z in Vietnam through adjustments in career advancement, corporate social responsibility, work environment, ethical leadership, and salary policy. The study acknowledged certain limitations and provided avenues for future research.

Corporate, Social Responsibility (CSR) in Nigeria: Investigating Discrepancy between Practices and Blind Spots

Corporate social responsibility (CSR) has been recognized as a significant contributor to the economy of developing countries. The study uncovers the potential causes of CSR discrepancies in Nigeria, a nation with divergent business prospects, evaluates their implications, and provides effective way-outs. CSR has achieved substantial interest worldwide as enterprises attempt to weigh profit-making services with social and environmental obligations. Yet, there is extensive interest in disagreements between organizations’ CSR obligations and their actual implementation. By synthesizing documented literature, the study reveals factors responsible for the discrepancy of CSR in Nigeria, such as ineffective stakeholder involvement, consumer attitude, inadequate resources, poor frameworks, and lack of consistent reporting. Furthermore, the implications imposed by CSR are examined, including missed chances for social impact, reputational damage, consumer perception, and workers' morale and commitment. Since CSR discrepancies are crucial to both enterprises and legislators, the study underscores addressing stakeholder engagement, clear frameworks for CSR implementation, transparency in reporting, and adequate resource allocation that can bring about sustainable development. The insights provided by this study can inform CSR policy development and effective corporate practices in Nigeria.

Mandatory CSR regime strips the competitive advantage: a comparative study of pre-post CSR mandate using the Bandwagon-bias effect theory

PurposeWith corporate social responsibility (CSR) becoming mandatory, several firms in India have been compelled into spending resources on CSR while their business strategy and processes were unprepared to take up CSR activities, effectively. In this light, the CSR relationship with other business functions would be altered. Using Thomson Reuters data from 2010 to 2018 (pre-mandate to post-mandate) this study aims to re-examine the relationship between CSR and financial performance.Design/methodology/approachThe current study is rooted in the bandwagon-bias effect theory and uses a long-term data (2010–2018) of Indian firms. It uses Refinitiv Thomson Reuters ESG rating to measure CSR and accounting measures for financial performance (FP) to make a pre-post analysis of the impact that mandatory CSR regime has had on firms performance. The study uses the weighted panel regression method.FindingsThe relationship between CSR and FP is different when CSR was voluntary than when it has been mandated by Law. CSR has a positive effect over the FP during the voluntary phase but this positive relationship weakens during the mandatory phase. The waning effect of CSR over FP substantiates the presence of bandwagon bias effect which can be explained by the crowding-in of several companies engaged in CSR activities because of the mandatory CSR law.Research limitations/implicationsvFew countries have made CSR mandatory therefore CSR literature is limited. But mandating CSR is a growing phenomenon so this study augments to the body of knowledge. Until now literature generally converged on a positive relationship between CSR performance and FP but the current study shows altering directions to this relationship in a changing CSR environment. The use of the bandwagon-bias theory contributes to the theoretical approaches. Theoretically, the findings add to the body CSR literature and offer impetus to the evolving domain of impact measurement and reporting.Practical implicationsResults of the study offer a clear indication to managers that they need to re-strategise their CSR activities during the mandatory CSR environment if they wish to draw instrumental benefits of a positive impact on the FP of their firms. CSR expenditure is now a leveller so managers may either exceed the mandatory 2% expenditure as some firms did during the voluntary CSR phase or else design their CSR implementation plans to bring about a more impactful positive change. Communicating the impact of CSR to influential and powerful stakeholders beyond the mandatory reporting to the government is yet another way through which managers can draw benefits of CSR activities. Additionally to draw positive results from CSR activities firms may consider adopting international reporting and benchmarking standards such as the GRI and ISO 26000. Finally, the results of the study can be used by policymakers to make a note that the CSR law is causing a weakening of the financial benefits and therefore.Social implicationsThe results of the study can be used by policymakers also need to make a note that the CSR law is causing a weakening of the financial benefits and therefore firms are adopting shortcuts, by donating the required amount of funds. But donation of funds defeats the real purpose of mandatory CSR which is social impact, therefore the regulators may want to make the necessary changes unplug the gaps in the CSR law to ensure better adherence to the law in spirit and a real impact on the ground activities.Originality/valueWhile CSR–FP relationship has been extensively explored but limited studies have explored this relationship in a mandatory CSR environment and no other work presents a comparative view of the CSR–FP relationship, namely, before and after the mandatory CSR policy. The current study is one of the limited few studying the impact of mandatory CSR policy on FP, and the only one that uses the bandwagon-bias effect to explain the phenomenon of weakening impact of CSR on FP of firms. Bandwagon-bias effect has been used in studying consumer behaviour, where group effect impacts behaviour of individuals and with mandatory CSR policy, firms following the other firms leading to crowding in. Using the bandwagon-bias effect has found limited attention from the CSR scholars, the current study uses this theoretical basis and therefore augments the CSR literature.

Perceived Corruption in Light of Green Transition Indicators

Objective: The aim of the study is to investigate how the areas of the green transition that promote sustainability relate to perceived levels of corruption. Theoretical Framework: The variables of corruption, economic growth, renewable energies and carbon dioxide emissions are integrated together in the long run. There is a causal relationship between carbon dioxide emissions, corruption, economic growth and renewable energies. The corruption index and economic growth have a statistically significant relationship with carbon dioxide emissions. However, the impact of renewable energies and international trade slows climate change and improves the quality of the environment. Method: We based our research on publicly available internet databases. The data available here can be freely used. This means that no matter what questionnaire they are based on, their analysis does not require a research permit. Another advantage of such databases is that the research conducted using them can be reproduced and continued in the future. We modeled the level of corruption using the time series of Transparency International's Corruption Perceptions Index. We examined the countries that are included in both databases. After cleaning and coding data the first step was to create descriptive statistics. At the same time, the normality of the sample was tested and the homoscedasticity condition was checked, because these two latter tests determine which statistical methods can be used for the purpose of further investigations. This was followed by the examination of the question, to what extent and in what direction environmental indices influence Corruption perception. For this purpose, we made a correlation matrix. Based on it we created a regression model in which the CPI was the dependent (explanatory) variable and the environmental indices were included as independent (explanatory) variables. Results and Discussion: Corruption prevention is significantly influenced by Environmental policy, Particulate matter and Gross greenhouse gas emissions - the latter has a negative effect. The increase in waste generation also reduces the CPI, thus increasing the feeling of corruption, but this effect did not prove to be significant. In addition, recycling is an important marketing factor of the Corporate Social Responsibility (CSR) policy. Therefore, in some ways, it is more valuable than money. There is a correlation between the perceived level of corruption and environmental indicators. These indicators explain the perception of corruption in 49.4%. Two types of causal relationships are possible: reduced corruption leads to better environmental performance; better environmental indicators reduce the perceived level of corruption. Research Implications: Compliance with the Environmental policy can help a lot in making Corruption prevention effective, primarily by preventing legal loopholes. Originality/Value: Our study contributes to the sustainability areas of the green transition and to the reduction of corruption and provides tools. Anti-corruption action exposes companies to a stricter regulatory environment, which increases the costs of violations and the risks of profiteering. As anti-corruption becomes more effective, privileges based on political connections are lost. Therefore, firms may prioritize social activities to gain reputation and resources, or to forget past violations. The fight against corruption improves external oversight and increases stakeholder attention, which requires companies to deliver higher corporate social responsibility (CSR) performance. In addition, anti-corruption measures free up previously seized resources, which is a prerequisite for companies' participation in social activities.

Enhancing sustainability: Leveraging ESG indicators to evaluate corporate social responsibility policies in Brazil's agribusiness sector

Objective: To analyze the social responsibility actions of large agribusiness companies in Brazil to understand how they deal with sustainability issues. Method: This research is classified as documentary and exploratory with a qualitative approach, using the content analysis technique for data treatment. Main results: The results analyze and compare policies focused on environmental management, animal welfare, social management and corporate governance of JBS, Raízen Energia, Cosan, Ambev, and Marfrig Global Foods. Relevance/originality: The study has an unprecedented character and analyzes sustainability policies in one of the most relevant segments of the Brazilian economy. Theoretical/methodological contributions: The study contributes to discussions on the sustainable policies developed by large agribusiness companies in Brazil, interpreting how they are implemented and how companies benefit from them.

Overview of CSR Initiatives: A case study of NHPC

Corporate Social Responsibility (CSR) is a holistic phenomenon. Over the period of time it has became integral part of business strategies of an organization. CSR has transcended the concept of philanthropy and charity now focuses more on the sustainability rather just satisfying immediate needs. CSR not only confine to abiding laws and environment regulations it also involves the organization towards various intiatives undertaken to cater the needs of marginalized and deprived section of the society. With the growing alignment of business operation with social values the interest of various stakeholders is considered while framing company’’s business policies and actions. CSR initiatives adopted by the organization focuses on the social, environmental and economic aspects in order to work towards triple bottom line effect. This paper focuses on fundamentals of CSR and emphasis the CSR initiatives being undertaken by NHPC. Based on the case study of NHPC the major objectives of its CSR and sustainability policy are thoroughly analysed and the impact of CSR on profitability is studied with the help of correlation and regression test. The paper discusses the results obtained from the analysis which were statistically not significant but also did not hold negative implications for the companies

Corporate social responsibility, policy framing and strategic marketing: understanding the alcohol industry’s use of social media in Uganda

BackgroundSub-Saharan Africa is important to the future of alcohol and global health because the alcohol market there is expanding rapidly in a relatively young population. This entails a corresponding contest about whether the policy measures adopted will be shaped by scientific evidence or by industry interference in alcohol policy. This study examines how alcohol industry actors use social media.MethodsUganda was selected for study because of high levels of alcohol harm and recent alcohol policy debates. Data on the X (formerly Twitter) activity of the Ugandan companies of AB InBev and Diageo, who are the two main brewers, and the trade association including both, were collected, coded and thematically analysed.ResultsX is used overwhelmingly by alcohol industry actors in Uganda to promote corporate social responsibility (CSR) and alcohol policy framing content. There is little direct product marketing. The framing of policy problems and solutions, and of the actors involved in policymaking and CSR resembles that used elsewhere in the political strategies of the transnational alcohol corporations. Content which appears more emphasised in Uganda includes material on farmers, illicit trade and contribution to the economy. As elsewhere, it avoids giving attention to the policy measures which would make a difference to the levels of alcohol harms endured by Uganda. Rhetorically, X is thus used to create a parallel universe, in which the actual harms and what is known about how to reduce them are conspicuous by their absence.ConclusionsThe alcohol industry presents itself as indispensable to Uganda’s future and appears to have developed relationships with politicians, partnerships with government, and built a coalition with farmers. This means the alcohol industry may be well positioned to oppose public health policy measures, even though their arguments lack substance and are at odds with the evidence.

Managerial entrenchment, corporate social responsability and the moderating effect of dividend policy: empirical evidence from French listed companies

Purpose The purpose of this paper is to argue the relationship between managerial entrenchment (ME), corporate social responsibility (CSR) and dividend policy (DP). Specifically, this paper aims to empirically examine the impact of DP on the relationship between ME, and CSR. Design/methodology/approach This study uses a panel data set of firms listed at France stock exchange over 2010/2021. Both the direct and moderating effects were tested by using multiple regression techniques. Findings The results show that the positive relation between CSR and ME is more pronounced in companies where they opt for a DP. However, DP moderates this positive relationship. Originality/value This study suggests the dynamic relationship between CSR and ME.

Implementasi Penerapan Resiko Keamanan Industri 4.0 Berbasis Nilai Nilai Kebangsaan UUD 1945 dalam Proses Produksi PT.Toyota Astra Indonesia

Industrial safety is an important aspect in maintaining a safe work environment and in accordance with applicable legal regulations. In the context of manufacturing companies such as PT. Toyota Astra Indonesia, implementing industrial safety is crucial to ensure the production process runs smoothly and safely for its workers. This article discusses the implementation of industrial security based on the 1945 Constitution (UUD 1945) in the production process of PT. Toyota Astra Indonesia. Industrial security implementation steps carried out by PT. Toyota Astra Indonesia includes the implementation of strict work safety standards, supervision of the use of work equipment, employee training on safety, and regular audits to ensure compliance with regulations contained in UUD No. 1 of 1970 concerning Work Safety. Apart from that, the company also pays attention to environmental protection aspects in its production process in supervision so as to integrate work safety with environmental sustainability. In the context of the 1945 Constitution, the implementation of industrial security at PT. Toyota Astra Indonesia includes a company's code of ethics in (UUD No. 40 of 2007 Article 74), policies and compliance with the law, health and safety policies at work, and Corporate Social Responsibility (CSR) policies directed at ensuring that workers' rights are respected. guaranteed in the 1945 Constitution to be fulfilled properly. In this way, the company ensures that a safe and conducive work environment is the right of every worker in accordance with applicable legal provisions. By implementing industrial security based on the 1945 Constitution, PT. Toyota Astra Indonesia not only ensures compliance with legal regulations, but also supports the country by contributing to providing automotive capabilities and maintaining the company's reputation and increasing overall productivity. In addition, the integration of job security and environmental protection also reflects the company's commitment to sustainability and corporate social responsibility.

How Does Organizational Leadership Promote Pro-Environmental Behavior? A Moderated Mediation Model of Environmental Corporate Social Responsibility Policies

Pro-environmental behaviors have been confirmed as an essential source of sustainable development. However, there is limited research exploring its antecedents from the perspective of organizational management mechanisms (e.g., environmental leadership). This article draws on upper-echelon and self-consistency theories to explain why environmental leadership induces environmental corporate social responsibility policy adoption, which causes employees’ environmental behavior. In addition, the relationship is mediated by environmental identity. This article collected empirical data from 101 technology firm employees, and the results support all hypotheses. Finally, this article addresses a new research stream of leadership concerning pro-environmental behaviors. It demonstrates a novel pathway to promote pro-environmental behaviors through adopting environmental corporate social responsibility policies, which guides a new research direction in terms of environmental organization behaviors.

Adapting to the COVID-19 crisis: corporate social responsibility in an emerging market economy

ABSTRACT Grounded in the theories of stakeholder and corporate social responsibility (CSR), the study investigates the role of businesses in responding to the coronavirus disease 2019 (COVID-19) pandemic in an emerging market economy such as Bangladesh. Employing a convenience sampling procedure, ten commercial banks were selected as the sample for the study, and the content analysis method was utilised for data analysis. After examining the annual reports of a sample of banks, the study reveals that they have implemented diverse health safety, consumer essential needs, and community development-oriented CSR policies to safeguard their core stakeholders, such as employees, customers, and communities, during the COVID-19 pandemic in Bangladesh. This indicates that corporations, through CSR initiatives, can maintain a win-win relationship between business and society, even in a crisis period. Lastly, the researcher recorded implications and proposed directions for future research on CSR policies in similar critical times, albeit in different circumstances.

Impact of green financing on CSR and environmental policies and procedures

Despite increasing global attention towards sustainable development, the empirical linkage between green financing and the enhancement of environmental and social governance (ESG) practices within industries remains underexplored. This study investigates the influence of green financing on Corporate Social Responsibility (CSR) and environmental policies and procedures in 40 Chinese industries from 2010 to 2020. By employing a baseline regression and a difference-in-differences methodology, this paper aims to quantify the extent to which green financing initiatives have impacted CSR activities and the adoption of rigorous environmental policies and procedures in the Chinese industrial sector. The results indicate that industries with access to green financing have shown significant improvements in their CSR engagements and the stringency of their environmental policies and procedures compared to those without such financial incentives. Specifically, the difference-in-differences analysis reveals a positive and statistically significant effect of green financing on the adoption of more stringent environmental policies and the enhancement of CSR practices. We identify the specific areas within CSR and environmental policies that are most influenced by green financing. We assess the effectiveness of green financing as a tool for promoting sustainable industrial practices. The analysis utilizes a comprehensive dataset, including industry-specific financing and ESG performance indicators, to conduct a longitudinal assessment over the decade in question. Based on these findings, the study concludes with a policy implication that emphasizes the critical role of green financing as a catalyst for improving CSR and environmental standards in industries. It suggests that policymakers and financial institutions should consider expanding green financing mechanisms to accelerate the transition towards more sustainable industrial practices.

Deconstructing the applications of CSR policies in Indian coal mining sector

PurposeThis study aims to comprehensively analyse the implementation and effectiveness of corporate social responsibility (CSR) policies within the context of the Indian coal mining sector. Furthermore, it investigates the alignment between CSR initiatives and the unique challenges faced by the coal mining sector and examines the outcomes and impacts of these initiatives on the employees of the sector and their perspective on the situation.Design/methodology/approachThis study adopts a comprehensive qualitative research method, including a review of the literature, case studies and stakeholder interviews. This study seeks to deconstruct the application of CSR policies.FindingsThe analysis developed a deeper understanding of the complexities surrounding CSR policies in the Indian coal mining sector, offering insights into strategies for enhancing the effectiveness and relevance of these initiatives while fostering sustainable development.Practical implicationsThis study reveals a rich tapestry of theoretical implications and how they connect to important organisational and societal paradigms. The results of this qualitative analysis can work as a foundation for creating scales to measure the level of efficiency of CSR policies implemented by different companies. Furthermore, this study goes beyond theoretical knowledge and gives companies, regulators and communities information they can use. By looking at how CSR policies work in the real world, a road map for responsible resource extraction and community growth can be made.Originality/valueThe findings are unique in exploring the CSR initiatives and the unique challenges faced by the coal mining sector. This study offers insight on the employees of the sector and their perspectives on the situation and delves into the multifaceted dimensions of CSR practices.