Corporate Social Responsibility Evaluation Research Articles

The Role of Corporate Social Responsibility in Supporting SDGs: A Propriety and Fairness Perspective

Introduction: Increasingly complex environmental challenges demand transparent and accountable measurement of corporate social responsibility (CSR). To create corporate value and monitor social, environmental, and economic impacts, companies and governments collaborate to promote ethical CSR practices and meet existing regulatory requirements, while supporting transparency and accountability in achieving the Sustainable Development Goals (SDGs). However, varying CSR measurement standards often make it difficult to compare performance between companies. Objective: To uncover how stakeholders define the propriety and fairness of companies to achieve the SDGs. Method: Research data were obtained from interviews with company leaders/internal auditors/external auditors/teams involved in the company's CSR evaluation process totaling 81 people. The data collection process was carried out in a hybrid manner. Results and Discussion: In terms of regulations, most companies have complied with regulations related to transparency, financial reporting, and CSR. In terms of propriety and fairness, CSR costs cannot be classified as income, but rather as a reduction in taxable income (expenses). However, it turns out that there are still companies that include CSR costs in other income. Research Implications: This study develops a model for assessing the propriety and fairness of CSR in sustainability reporting, including the social and environmental impacts of its business to support the achievement of SDGs. Originality/Value: This study produces a measurable assessment of the propriety and fairness of corporate CSR, which supports SDGs in improving corporate accountability and transparency.

Evaluating community projects through participatory rural appraisal: case study of a CSR initiative in India

ABSTRACT The success of any project depends on the stakeholder participation. There are many methods by which stakeholder participation is ensured in a project. Participatory Rural Appraisal (PRA) is an approach that is used by many development projects to incorporate knowledge and opinions of the stakeholders, especially the beneficiaries, in various stages like planning, implementation, and evaluation. This paper documents a PRA exercise done by trained social work students to evaluate a company’s Corporate Social Responsibility (CSR) projects implemented in India. Apart from highlighting the process of conducting PRA, this paper sheds light on the possibility of using participatory methods like PRA to assess CSR projects in India, which ensures the inclusion of the perception of beneficiaries. The research adopted a case study approach, and the participants were the beneficiaries of CSR projects in the community. Qualitative feedback was also taken from 20 participants to understand the advantages of using participatory tools in the performance evaluation of CSR. The group discussions, in-depth interviews and PRA techniques were adopted to gather data. The findings underline the relevance of social work professionals in CSR initiatives and also the role of PRA in empowering the beneficiaries.

Green innovation imperative for natural resource-driven sustainable economic recovery: Linking rights Structure, corporate social responsibility, and renewable energy contracts

This study examines the complex relationships necessary for a sustainable economic recovery, focusing on the interplay between contracts for renewable energy, natural resource use, corporate social responsibility (CSR), and rights frameworks. Motivated by the increasing scrutiny of environmental practices, this research aims to highlight the need for sustainable business models during the transition to a more environmentally sensitive economy. The study area encompasses diverse sectors where CSR goals can be aligned with renewable energy project frameworks through natural resource utilization. Methodologies include a novel composite CSR evaluation indicator designed to complement industry rankings and a thorough analysis of CSR within the mining industry. Results demonstrate how aligning CSR with renewable energy initiatives can reshape profit models for stakeholders and emphasize the changing green product market as a catalyst for economic resurgence. Recommendations in the area of policies focus on the reasoned utilization of natural resources and the application of innovations following the principles of CSR. This research provides critical guidance to relevant authorities and institutions charged with ethical responsibility, ensuring the proper utilization and implementation of renewable energy sources to create a more ecological future based on green technology and sustainable resource management.

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.

The Relationship between Corporate Social Responsibility and Financial Performance

With the rise of sustainable development, Environmental, Social, and Governance (ESG) factors have become crucial for evaluating corporate social responsibility. This research therefore examines the relationship between CSR and company financial outcomes using statistical regression analysis. Strong evidence is noted that the relationship of financial outcomes with Corporate Social Responsibility (CSR) activity postulates a positive relationship amid CSR's shareholder accountability and both the comprehensive CSR index and corporate performance. These findings point out that integration of ESG criteria in investment decisions is important because they provide insight that a company is bound to sustain and meet up with its resistance in the long run. Further, research has outpointed the significance of corporate governance directing CSR efforts towards infusing business with transparency and responsibility. Focusing on sustainability and social responsibility enhances the way a company is perceived, attracts investment, and helps to mitigate risks linked with the environment and society. These are the main observations that underline the importance of public awareness and the necessity for organizations to develop future-oriented CSR approaches that would positively feed into a more sensitive corporate environment and sustainable economic development.

Evaluating Corporate Social Responsibility in Achieving Sustainable Development and Social Welfare

This study delves into the conceptualization of Corporate Social Responsibility (CSR) as a crucial factor for fostering sustainable development and enhancing social welfare. It addresses the challenge of comprehensively perceiving the contributions of CSR activities to sustainable and socially responsible corporate practices. Using a bibliometric approach, this research scrutinizes a substantial corpus of literature, extracting 4,276 documents covering from 2009 to 2024 from the Scopus database, centered on the interplay between CSR, sustainable development, and social welfare. The research utilized the R Biblioshiny software for data analysis incorporates descriptive, annual scientific production, most relevant sources, core sources by Bradford’s Law, most relevant affiliations, corresponding author’s countries, network, and trend analyses to chart the progression and influence of CSR within these realms. Findings underscore a marked expansion in CSR-related research, spotlighting its evolution from mere charity to an integral component of strategic business operations. Emerging patterns reveal that businesses increasingly view CSR as a pivotal part of their value proposition rather than an optional extra. Despite the growth of academic interest, the study has identified a lacuna in the empirical understanding of how CSR strategies are effectively implemented. Recommendations call for a more seamless incorporation of CSR into the very fabric of corporate strategy and operations. Furthermore, the study highlights the need for future research to develop precise metrics capable of quantifying CSR’s social and environmental effects. Contributing a nuanced perspective to the discourse on CSR, this research provides a foundational schema for further scholarly investigation, underscoring CSR’s dynamic and essential role in today’s corporate world.

A novel IFN-CSM-CoCoSo approach for multiple-attribute group decision-making with intuitionistic fuzzy sets: An application in assessing corporate social responsibility performance

With the rapid growth of the economy, enterprises have encountered a series of problems while pursuing economic benefits, such as food safety and environmental pollution issues, resource shortages and energy consumption issues, which affect the sustainable development of enterprises. Establishing a corporate performance evaluation system from the perspective of social responsibility, based on stakeholder theory and the importance of overall goals reflected in the weight of social responsibility indicators, is a very effective measure to achieve corporate social responsibility (CSR) goals through CSR motivation and stakeholders. The performance evaluation of CSR from the perspective of environmental accounting is a MAGDM. Recently, the CoCoSo technique and cosine similarity measure (CSM) technique was utilized to conduct the MAGDM. The intuitionistic fuzzy sets (IFSs) are utilized as a technique for conducting uncertain information during the performance evaluation of CSR from the perspective of environmental accounting. In this study, the intuitionistic fuzzy CoCoSo based on the CSM (IFN-CSM-CoCoSo) technique is built for MAGDM with IFSs. Finally, a numerical example for performance evaluation of CSR from the perspective of environmental accounting is conducted to verify the IFN-CSM-CoCoSo technique.

The Impact of Corporate Social Responsibility on Environmental Investment: The Mediating Effects of Information Transmission and Resource Acquisition

In recent years, more and more research has focused on the impact of corporate social responsibility (CSR) on business activities. Due to the existence of two different theoretical perspectives, shareholder value theory and managerial opportunism theory, the research on CSR has reached different conclusions. Meanwhile, the motivations for environmental investments in enterprises have received attention from scholars. However, there is a lack of empirical research on the relationship between CSR and environmental investment. Therefore, this study conducts a regression analysis on the external evaluation of CSR and enterprises’ environmental investment using data from Chinese listed companies. The empirical results show a significant positive relationship between the external evaluation of CSR and enterprises’ environmental investment. The mediating tests conducted based on information transmission and resource acquisition mechanisms explain the reasons for this promotion effect, supporting the shareholder value theory. Furthermore, our research finds that this promotion effect is more significant in non-state-owned enterprises, enterprises receiving fewer environmental subsidies, enterprises disclosing environmental philosophies, and enterprises identified as key pollution-monitoring units in reports. The research findings of this study are meaningful for clarifying the economic consequences of CSR and provide practical evidence for Chinese enterprises to understand the importance of environmental investment and the government’s advocacy for enterprises to proactively engage in environmental investment.

How and when consumer corporate social responsibility knowledge influences green purchase behavior: A moderated-mediated model

Due to global warming and climate change, consumers worldwide are now carefully evaluating corporate social responsibility (CSR) practices when choosing which businesses to engage with, aiming to enhance their resilience to the adverse effects of these global issues. The current study employs the theories of reasoned action and planned behavior to explore how consumer CSR knowledge (CCK) impacts green purchase behavior (GPB) and consumer environmental attitude (CEA). Additionally, it assesses the mediating influence of CEA on the connection between CCK and GPB, while also examining the moderating role of perceived consumer effectiveness (PCE) in the interactions between CCK and GPB directly and via CEA. Primary data were collected through surveys from 336 EMBA students in Bangladesh over a three-month period, spanning from 9 August to November 8, 2022. The collected data and the suggested model were analyzed and validated using Mplus. The results show that CCK significantly improves GPB and CEA. CEA partially mediates the relationship between CCK and GPB. PCE significantly moderates the relationships between CCK and CEA directly and via CEA, such that CCK positively influences CEA and GPB when PCE is high only. Lastly, the current study documented theoretical and practical implications and concluded that CCK encourages consumers to adopt environmentally friendly attitudes, which in turn motivates them to exercise green behaviors such as GPB.

Corporate Social Responsibility and Organizational Performance: A Case of Bralirwa Ltd

Corporate social responsibility has become an important topic for Business Company, especially since the business sector of financial services is related to conditions of uncertainty. The general objective of this study was to determine the impact of corporate social responsibility on organizational performance with a case study of Bralirwa Limited. Specifically, the objectives were to determine the nature of corporate social responsibility practiced in organization, to assess the contribution of corporate social responsibility on organizational performance, and to evaluate the relationship between corporate social responsibilities on organizational performance in Bralirwa Limited. The descriptive research design was applied with qualitative and quantitative approaches. This study used only the secondary data. The information collected on Bralirwa Limited websites. Over the last twenty years the Bralirwa Limited expended very fast, it has enhanced their times and the scale bigger than ever. Many studies discuss brand and market strategies but few to work on how Corporate Social Responsibility influence financial performance of the Company. On the nature of corporate social responsibility practiced by Bralirwa Limited it was established that Bralirwa Limited implemented some activities which contribute to the communities’ life being development. Those activities include that Bralirwa Limeted provided the Sponsorship of 21 million Rwf to support the Bye Bye Nyakatsi project that were retrieving disadvantage and poor families from grass thatched houses in Bugesera District. On the impact of corporate social responsibility (CSR) on organizational performance, it showed that CSR have a significant impact on the organizational performance of a company like Bralirwa in several ways as summarized by (Lee& Shin 2010) (1) it is easiest to attract resources, (2) it can obtain quality employees, (3) it easier to market product and services, (4) it can create unforeseen opportunities and (5) it can be an important sources of competitive advantage. The study concluded that Bralirwa Limited has the good believes in making a difference to the community in which it operates. The Bralirwa’s key theme in its CSR programs/activities undertaken is guaranteeing sustainability across all aspects of its business by improving environmental impact, empowering their communities, and positively promoting the role of the company’s CSR in communities. For the up-to-date information on Bralirwa's CSR initiatives and their impact on organizational performance, study recommended referring to the company's official reports, statements, and disclosures, as well as consulting with financial analysts or experts who specialize in CSR evaluations. Keywords: Corporate Social Responsibility, Organizational Performance, Bralirwa Ltd, Rwanda

Corporate Social Responsibility sebagai Implementasi Prinsip Tata Kelola Perusahaan Baik pada Asuransi Jiwa Bersama Bumiputra 1912 Cabang Padangsidimpuan

Corporate Social Responsibility (CSR) is a company's social responsibility towards its stakeholders. Good Corporate Governance (GCG) is a framework that regulates the relationships among various parties with interests in a company. One of the principles in Good Corporate Governance is the principle of responsibility, which generates the concept of Corporate Social Responsibility (CSR) as a manifestation of a company's responsibility to society and the environment. This research is a case study titled "Corporate Social Responsibility as an Implementation of Good Corporate Governance Principles in Bumiputera 1912 Life Insurance Branch of Padangsidimpuan." The aim is to assess whether Corporate Social Responsibility, as an implementation of Good Corporate Governance principles, can provide satisfaction to insurance customers. The research method uses descriptive analysis, collecting both primary and secondary data. Data is organized, interpreted, and analyzed to evaluate Corporate Social Responsibility as a form of implementing Good Corporate Governance principles. The research results demonstrate that Corporate Social Responsibility is one of the manifestations of the implementation of Good Corporate Governance principles and can provide satisfaction to insurance customers.

Methods for assessing corporate social responsibility in the retail business

Corporate social responsibility is a complex concept that characterizes the activities of a company in various areas and requires evaluation of activity using specific methods. As retail has unique characteristics that distinguish it from other industries, there are limitations to the methods that can be used, and it is relevant to explore these methods. The purpose of the article was to analyse the methods of assessing corporate social responsibility in the retail sector, identifying their advantages and disadvantages and reviewing the peculiarities of their application in retail. The study uses scientific methods of analysis and comparison. The article categorizes methods of assessing corporate social responsibility by goals, time frames, focus, duration, scale and approach. A comprehensive assessment of various methods for measuring the level of corporate social responsibility development in retail companies was provided. This assessment includes an analysis of the advantages and disadvantages associated with each approach as well as a study of the potential opportunities for their application in the context of retail trade. This assessment identified the most effective and appropriate methods for evaluating corporate social responsibility in retail, taking into account the unique challenges and opportunities that exist in this industry. However, the analysis of methods for assessing the state of corporate social responsibility does not provide a uniform understanding of which one is universal and absolutely suitable for every retail company. The practical significance of the research lies in the possibility of applying these developments by retail companies when choosing a method for evaluating the state of corporate social responsibility

Enhancing Sustainability: Leveraging ESG Indicators to Evaluate Corporate Social Responsibility Policies in the Agribusiness Sector

Objetivo: analisar as ações de responsabilidade social das grandes empresas setor de agronegócio no Brasil a fim de compreender de que maneira estão lidando com questões de sustentabilidade Método: esta pesquisa é classificada como documental e exploratória com abordagem qualitativa, utilizando a técnica de análise de conteúdo para o tratamento dos dados. Principais resultados: os resultados analisam e comparam políticas voltadas para a gestão do meio ambiente, bem-estar animal, gestão social e governança corporativa da JBS, Raízen Energia, Cosan, Ambev, e Marfrig Global Foods. Relevância/originalidade: o estudo tem caráter inédito e apresenta uma análise das políticas de sustentabilidade em um dos segmentos mais relevantes para a economia brasileira. Contribuições teóricas/metodológicas: o estudo contribui para discussões sobre as políticas sustentáveis elaboradas por grandes empresas de agronegócio no Brasil, interpretando a maneira como elas são colocadas em prática e como as empresas se beneficiam disso.

Corporate social network and corporate social responsibility: A perspective of interlocking directorates

This study aims to analyze the role of the corporate social network (CSN) derived from interlocking directors on a firm's corporate social responsibility (CSR) and further investigate the moderating role of economic policy uncertainty (EPU) in the institutional background of China. Empirical results show that an advantageous network position in a CSN can significantly encourage firms to undertake CSR. However, this effect is a nonlinear one. The increase in CSR is at a decreasing rate as CSN increases. Furthermore, the effect of CSN on CSR is less salient when EPU is high. This research guides managers on using the advantages of firms in CSNs and actively undertaking CSR to improve social and environmental sustainability substantially. In addition, this study also helps the government issue reasonable CSR evaluation standards and incentive policies and stabilize macroeconomic policies.

중국 상장기업의 재무비율이 기업가치에 미치는 영향

This study analyzed the effect of financial ratio and corporate social responsibility(CSR) on corporate value for listed companies in China, respectively, and further analyzed whether CSR have additional moderating effects in the relationship between financial ratio and corporate value. The financial ratios used in this study were profitability(net return on equity capital) and growth potential(sales growth rate), and corporate value was measured using the Tobin－Q value. Whether the CSR activities of the listed company are evaluated and disclosed in RKS was used as a CSR measurement variable, and additional analysis was conducted using the CSR evaluation score as a measurement variable because the CSR score could affect corporate value. The sample used in this study consisted of 14,566 company－year samples for companies listed on the China Shanghai Stock Exchange and Shenzhen Stock Exchange A stock market for six years from 2013 to 2018. The analysis results of this study are summarized as follows. First, both the sales growth rate and the net return on equity capital showed a statistically significant positive relationship with corporate value. Second, the social responsibility activity variable also showed a significant positive relationship with corporate value. Third, it was found that the financial ratio and CSR interaction variables had statistically significant positive values. Fourth, an additional analysis of only companies with CSR evaluation scores showed that both the financial ratio and CSR have a significant positive effect on corporate value, respectively. However, both financial ratio and CSR interaction variables were not statistically significant, indicating that the CSR evaluation score did not have a moderating effect on the relationship between financial ratio and corporate value.

A Combined Evaluation Method of Corporate Social Responsibility Based on the Difference and Similarity: A Case Study of Transportation Industry in China

Currently, it is becoming more essential for a company to operate in an economically, socially and environmentally sustainable manner. This study aims to evaluate corporate social responsibility (CSR) in China’s transportation industry by applying indicator weighting approaches. This study evaluated 68 transportation companies with 82 associated CSR indicators. Firstly, this paper established an indicator system, including seven criteria layers that conform to the characteristics of the Chinese transportation industry. Secondly, by integrating the G1 method, standard deviation method and CRITIC (criteria importance though intercriteria correlation) approach, a combined weighting method, CWMDS (combined weighting method based on the combination of difference and similarity), was constructed, which embodies the two goals of “horizontal similarity and vertical difference”. The experimental results show that CWMDS achieves better results in many aspects. The empirical results show that the air transportation subindustry was the best in CSR performance while the high-speed transportation subindustry was the worst. Finally, this paper put forward some policy suggestions to promote China’s transportation enterprises to fulfill their social responsibility.

Corporate Social Responsibility Practices in the Energy Industry — Trends of Change

ABSTRACT The purpose of the article is to analyse and evaluate corporate social responsibility practices as a response of companies to the expectations of a wide range of stakeholders. In the article, the authors perceive CSR practices as a way of conducting market activities in accordance with the expectations of stakeholders, with those not being a one-time act but a continuous effort to improve the areas of the company’s environment requiring support and the entity selected for analysis-which is a Polish energy industry capital group-Energa Group. It is a large entity whose activities can significantly and, in many ways, affect the environment. The analysis was based on secondary sources, including, in particular, the cyclical CSR reports and non-financial reports of the Energa Group. The research results show the trends of changes in CSR practices in the analysed company over the last 10 years (2011–2021), which can be used in the formulation of subsequent CSR programmes of the Energa Group and provide inspiration for other entities.

Research on Corporate Social Responsibility Evaluation Based on Improved CRITIC-TOPSIS—A Case Study of Listed Companies in China’s Pharmaceutical Distribution Industry

Corporate social responsibility (CSR) has garnered considerable attention from countries, institutions, enterprises and social groups. However, the lack of research on CSR evaluation system for industries has impeded its development and construction across various industries. Therefore, given the close association of pharmaceutical distribution enterprises with personal health, there exists a pressing need to explore the CSR in this domain. This paper establishes a CSR evaluation index system for pharmaceutical distribution enterprises, employing a combination of documentary analysis and in-depth interviews. This index system comprises 7 CSR criterion layers (e.g., responsible governance and employee responsibility) and 56 index layers. 25 listed companies in China’s pharmaceutical distribution industry are chosen as research objects, and this study also establishes an evaluation model for the CSR of pharmaceutical distribution companies through the improved Criteria Importance Though Intercrieria Correlation (CRITIC) method combined with The Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) method. The empirical analysis reveals that the responsible governance criterion layer and the social development criterion layer demonstrate the best performance, while the supplier, customer and patient responsibility criterion layer exhibit the worst performance.

Exploring the relationship of ESG score and firm value using fsQCA method: Cases of the Chinese manufacturing enterprises.

The basic purpose of a business is to maximize value. With the increased expectations for companies’ social responsibility practices and sustainability, sustainability management has become a must for many companies to maximize value in the current competitive environment. Environmental, social and governance (ESG) are widely used indicators to evaluate corporate social responsibility performance. However, there is a lack of combined view on the three dimensions. This study aims to explore the sources of corporate value from the sustainability perspective. By using fsQCA (fuzzy-set qualitative comparative analysis), we proposes a configurational model consisting of environmental, social, governance, size and profitability to investigate the value-enhancing mechanisms of corporate social responsibility. The study shows that high enterprise value can be achieved through multiple paths, which can be categorized as resource-constrained type, slack resources type and good management type.

A conceptual study on Evaluating corporate social Responsibility of Anand Milk Union Limited (Amul)

A conceptual study on Evaluating corporate social Responsibility of Anand Milk Union Limited (Amul)