Implementation Of Corporate Social Responsibility Research Articles

Corporate Social Responsibility (CSR) Practices of Shariaconsumer Cooperatives for Sustainable Development Goals (SDGS) Ethical Perspective

Objectives: This study aims to explain (1) Islamic business ethics and corporate responsibility for sustainable development goals, as well as (2) Corporate Social Responsibility (CSR) practices in the BTM Mulia Babat KKS in the context of Islamic business ethics. Theoretical Framework: Islamic business ethics, which includes the values of honesty, fairness, and belonging, are considered essential to achieving business success. CSR is a corporate social responsibility that aims to increase corporate value and shareholder welfare. With a commitment to sustainable economic development, CSR integrates social responsibility in business operations. The framework of this research relates the implementation of Islamic business ethics to CSR practices, as well as how this impacts the company's value and stakeholder well-being. Method: This study uses a qualitative approach with a type of field research. Data was collected through observations, interviews, and documentation related to CSR practices at KKS BTM Mulia Babat. Results and Discussion: The results of the study show that: Islamic business ethics has five basic axioms: unity, balance, free will, virtue, and responsibility. The implementation of CSR at KKS BTM Mulia Babat has been carried out by the principles of Islamic business ethics. This includes responsibility to consumers, employees, investors, and the environment. Research Implications: The findings of this study indicate that the application of Islamic business ethics in CSR can increase corporate value and shareholder welfare and contribute to sustainable economic development. In addition, it can be a model for other companies to integrate Islamic business ethics into their CSR practices. Novelty/Originality: The uniqueness of this research lies in the combination of the concept of Islamic business ethics with CSR practices in the context of the BTM Mulia Babat KKS company. This research provides new insights into how Islamic values can be effectively integrated in modern business operations to achieve better social and environmental well-being.

Pengaruh Penerapan Corporate Social Responsibility (CSR) terhadap Nilai Perusahaan

The aim of this research is to examine the impact of implementation of Corporate Social Responsibility (CSR) on the firm value of logistics and transportation companies listed on the Indonesia Stock Exchange (IDX) 2018 - 2022. This study used simple linear regression method by using SPSS. This research sample used a purposive sampling technique, from the 37 companies used as the population, 19 companies were obtained as samples. The results showed that Corporate Social Responsibility (CSR) disclosure affects firm value (Tobin’s Q). Furthermore, Robustness Test in this study result showed that Corporate Social Responsibility (CSR) effects on firm value if measured by Net Profit Margin (NPM).

Exploratory Study on the Awareness of Accounting Students in the Implementation of Corporate Social Responsibility(CSR) in Organizations: Basis for Crafting a Sustainability Education and Development Plan

A management concept known as “corporate social responsibility” is used by organizations whose primary goal is to actively give back to society and the community in various ways. Understanding corporate social responsibility and how it may impact not just the organization, but the community as a whole is crucial for accounting students. This study aims to determine the awareness of accounting students across different categories of CSR, such as environmental responsibility, ethical responsibility, philanthropic responsibility, and economic responsibility. A descriptive research design with a quantitative approach was used in this study. The researchers used a two-part survey questionnaire and distributed it to one hundred (100) accounting students from First City Providential College in San Jose del Monte, Bulacan. It was revealed that accounting students have a basic understanding of all categories of corporate social responsibility. However, in contrast to other categories, they appear to be less aware of economic responsibility. Along with improving their analytical abilities, the goal of the sustainability education and development plan was to help accounting students become competent in managing the wide variety of environmental, ethical, philanthropic, and economic impacts involved in financial decision-making in business.

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.

Stakeholder engagement and influence: Strategies for successful energy projects

In the energy sector, stakeholder engagement is a critical factor for the successful planning, execution, and operation of projects. Effective stakeholder engagement involves identifying, understanding, and addressing the interests and concerns of various stakeholders, including governments, communities, investors, and environmental groups. This paper explores the strategies for successful stakeholder engagement and influence in energy projects, highlighting their significance in ensuring project sustainability, compliance, and community support. Energy projects, ranging from renewable energy installations to fossil fuel extraction, impact a broad array of stakeholders. Each group has distinct interests and concerns that can significantly influence project outcomes. Proactive stakeholder engagement helps in building trust, gaining necessary approvals, and minimizing conflicts. It involves continuous communication, transparent processes, and active participation of stakeholders in decision-making. One effective strategy is the use of stakeholder mapping and analysis to identify all relevant parties and understand their influence and interests. This process helps in prioritizing stakeholders and tailoring engagement approaches accordingly. Early and ongoing dialogue with stakeholders is crucial for addressing concerns and incorporating feedback into project planning and implementation. Another key strategy is developing robust communication plans that include regular updates, public consultations, and information sessions. These activities ensure transparency and help build a positive relationship with the community and other stakeholders. Utilizing digital platforms and social media can enhance outreach and facilitate real-time communication. Collaborative approaches, such as forming advisory committees or partnerships with local organizations, can also strengthen stakeholder relationships. These partnerships can provide valuable insights and resources, fostering a sense of ownership and support among stakeholders. Additionally, implementing Corporate Social Responsibility (CSR) initiatives that address local community needs can enhance project acceptance and create long-term benefits. Conflict resolution mechanisms are essential for addressing disputes that may arise during project execution. Establishing clear procedures for grievance redressal and involving neutral mediators can help resolve conflicts efficiently and maintain stakeholder trust. In conclusion, successful stakeholder engagement and influence in energy projects require a comprehensive and strategic approach. By identifying stakeholder interests, maintaining transparent communication, fostering collaboration, and addressing conflicts proactively, energy companies can enhance project sustainability, ensure compliance, and secure community support. These strategies not only facilitate project success but also contribute to the broader goals of sustainable development and social responsibility in the energy sector. Keywords: Stakeholder; Engagement; Influence; Strategies; Energy Projects.

Legal Status of Corporate Social Responsibility in GCC countries with special reference to Bahrain

Earlier the concept of corporate social responsibility (CSR) was based upon philanthropic approach but now has become an imperative subject matter in the business world. Countries adopt different measures to implement CSR. In many countries, CSR is self-regulated voluntary activity like in Gulf cooperation countries. In Gulf countries the concept of Zakat Tax is equivalent to CSR. Though there is no legal mandate for CSR implementation in gulf countries still its filing and listing is mandatory. For the present study Doctrinal method is adopted by the researcher. The sources referred are primary as well as secondary for primary sources Statues and Government notifications and reports of the Committees are referred and in secondary sources newspaper reports, scholarly research articles are referred. The present paper is analytical in nature as it analyses the concept of CSR in consonance with other aspects such as legal mandate under Business law. It further aims to study the implications of mandating CSR. The present study is about CSR in GCC with special reference to Bahrain.

Legal Status of Corporate Social Responsibility in GCC countries with special reference to Bahrain

Earlier the concept of corporate social responsibility (CSR) was based upon philanthropic approach but now has become an imperative subject matter in the business world. Countries adopt different measures to implement CSR. In many countries, CSR is self-regulated voluntary activity like in Gulf cooperation countries. In Gulf countries the concept of Zakat Tax is equivalent to CSR. Though there is no legal mandate for CSR implementation in gulf countries still its filing and listing is mandatory. For the present study Doctrinal method is adopted by the researcher. The sources referred are primary as well as secondary for primary sources Statues and Government notifications and reports of the Committees are referred and in secondary sources newspaper reports, scholarly research articles are referred. The present paper is analytical in nature as it analyses the concept of CSR in consonance with other aspects such as legal mandate under Business law. It further aims to study the implications of mandating CSR. The present study is about CSR in GCC with special reference to Bahrain.

Socio-Biodiversity Integrative of an Indonesian Oil and Gas Distribution Area as Sustainability-Driven Implementation of Corporate Social Responsibility

Indonesia, a country rich in natural and human resources, has significant potential for inclusive and sustainable development. The implementation of corporate social responsibility (CSR) programs is a key strategy for oil and gas companies to promote community development through sustainable social-biodiversity initiatives. The regulation of CSR programs under Law No. 40 of 2007, or the Social and Environmental Responsibility Law (TJSL), provides the foundation for companies to commit to socio-biodiversity principles in their CSR efforts. PT Pertamina Patra Niaga FT Lomanis, an oil and gas extraction company, has implemented its CSR commitments in accordance with the TJSL Law, using the achievement of Sustainable Development Goals (SDGs) as a reference for sustainable CSR programs. The methodology of this study includes reporting on community empowerment activities and analyzing qualitative and quantitative data collected during the program's implementation. The findings highlight PT Pertamina Patra Niaga FT Lomanis's commitment to implementing social programs in 2022-2023, including the environmental and social impacts achieved. The overall programs are analyzed in a matrix alignment with the SDGs through the Metadata Development Pillar of Bappenas in the RPJMN 2020-2024. In summary, PT Pertamina Patra Niaga FT Lomanis conducted the Emas Komang program (a community empowerment program based on mangrove ecosystem management) which resulted in social impacts such as increased income for SMEs processing mangroves and the sale of mangrove seedlings, ranging from 4-8 million Rupiah and 12-25 million Rupiah, respectively. Additionally, the program had environmental impacts, including increased mangrove density. The socio-biodiversity CSR program through Emas Komang contributed to the achievement of SDGs points 2, point 8, and point 15, reflecting sustainability goals for 2022-2023.

Stakeholders Alignment in CSR Implementation in Southeast Asian Agro-industry

This article focuses on the broader misalignment of Corporate Social Responsibility (CSR) programs by multi-national corporations in Southeast Asia, particularly in the agricultural sector. It explains the likely causes of such impact through the lens of the Stakeholder Theory. The paper aims to illustrate how corporations present and strategize their CSR initiatives, emphasizing that the proposed solutions may only sometimes align with the actual needs of the recipients. Using Freeman's perspective/ This paper argues that an intrinsic disparity exists between the intentions and execution of CSR programs, particularly those initiated by multi-national companies, and the divergence of expectations between corporations acting as implementers and the recipients of these programs. Despite the clear articulation of these requests by most affected locals, multi-national corporations often need help to meet these demands. As a result, the lack of accessible information and limited consumer literacy, coupled with political and commercial branding by ASEAN, creates a conducive environment for CSR misalignments.Keywords: CSR; Southeast Asia; agriculture; stakeholder theory

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.

ЗАРУБІЖНИЙ ДОСВІД КОРПОРАТИВНОЇ СОЦІАЛЬНОЇ ВІДПОВІДАЛЬНОСТІ

In today's dynamic business landscape, the concept of social responsibility has gained prominence, prompting enterprises to reassess their roles and responsibilities in society. This article undertakes a thorough examination of the definitions of social responsibility proposed by a multitude of authors and scholars. By synthesizing these perspectives, we aim to provide a nuanced understanding that guides enterprises in their pursuit of ethical, sustainable, and socially impactful practices.The primary objective is to comprehensively investigate the relationship between Corporate Social Responsibility (CSR) initiatives and business performance across various industries and geographic regions. Specifically, the article aims to achieve the following: Analyze the Effectiveness of CSR Practices: The article seeks to assess the effectiveness of different CSR initiatives undertaken by businesses. Measure Financial and Non-Financial Performance Metrics: The study will evaluate the impact of CSR initiatives on both financial performance indicators (e.g., revenue, profitability, stock performance) and non-financial metrics (e.g., brand reputation, customer loyalty, employee satisfaction). Assess Stakeholder Perceptions and Expectations: Understanding the perspectives of key stakeholders, including consumers, investors, employees, and regulatory bodies, is crucial in evaluating the effectiveness of CSR initiatives. Explore Industry and Regional Differences: Business environments vary significantly across industries and geographic regions, leading to diverse approaches to CSR adoption and implementation. Identify Opportunities and Challenges: examine the challenges and limitations associated with CSR implementation. This article provides actionable insights for businesses to leverage CSR initiatives effectively. By aligning CSR practices with stakeholder expectations, leveraging industry insights, and addressing associated challenges, companies can foster sustainable business practices. This not only optimizes business performance but also contributes positively to society. Integrating CSR into corporate strategies emerges as imperative for driving long-term success and societal impact, highlighting the importance of responsible business practices in today's dynamic landscape.

Implementation Of Corporate Social Responsibility (CSR) In Improving The Community's Economy In The Concept Of Falah

This research was conducted to find out how the implementation of the Corporate Social Responsibility (CSR) program of PT Buana Wiralestari Mas in increasing the economic income of the community in Kampar Regency, Riau and how the implementation of the Corporate Social Responsibility (CSR) program of PT Buana Wiralestari Mas in the concept of Falah. The research method used in this research is quantitative descriptive method. The method used in descriptive research is the survey method and uses online questionnaires as the main media for data collection. Respondent characteristics include gender, age, and education level. The census technique was used to sample the entire population of the community who received the CSR program, which amounted to 30 individuals. The results of this study indicate that the Corporate Social Responsibility (CSR) program implemented by PT Buana Wiralestari Mas has a significant impact in improving the community's economy. Based on the concept of Falah (Welfare), the CSR program of PT Buana Wiralestari Mas succeeded in improving the welfare of the community by fulfilling the four main elements in Falah, namely the spiritual aspect (Tawhid), survival, freedom of will, strength and self-esteem.

Sustainable Practices in Culinary Programs: Views of Chef Lecturers Regarding Food Waste Management

This study investigates the extent to which corporate social responsibility (CSR) and more specifically, food waste management is incorporated into a university's tourism faculty's practical courses, with a focus on sustainability methods used in food production procedures. The study looks into the crucial issue of food waste, an essential part of sustainable practices, by drawing on the concepts established in the Sustainable Development Goal 12 of the United Nations; Ensuring sustainable consumption and production patterns. The research reveals various viewpoints on CSR and food waste implementation through qualitative research including 11 instructors. The results show a variety of techniques for reducing food waste in practical classes, from careful control to acknowledged flaws in waste management. Notably, the study draws attention to the lack of a specific CSR curriculum for students enrolled in culinary education practical training. In order to provide a more comprehensive knowledge of CSR integration in culinary schools, the paper finishes by outlining possible directions for future research.

A Literature Review of Corporate Social Responsibility Implementation in the Manufacturing Industry: Impact on Financial and Environmental Performance

A Literature Review of Corporate Social Responsibility Implementation in the Manufacturing Industry: Impact on Financial and Environmental Performance

Csr In Emerging Markets: Challenges And Opportunities For Shell Companies

This article explores the challenges and opportunities of Corporate Social Responsibility (CSR) in emerging markets, focusing on a case study of a Shell company. Emerging markets present unique dynamics that affect the implementation and effectiveness of CSR. Shell, as one of the world's largest energy companies, has operated in various emerging markets and sought to implement effective CSR practices. Through an in-depth analysis of Shell's operations in these markets, this article identifies key factors that influence CSR success and provides recommendations for best practices. It finds that while there are significant challenges related to local regulations, infrastructure and culture, there are great opportunities to increase CSR impact through collaboration with local stakeholders, technological innovation and local capacity building. The article concludes that adaptation and flexibility are key for multinational companies like Shell to face the challenges and capitalize on the opportunities of CSR in emerging markets.

Corporate Social Responsibility and International Business: A Study of the Impact on Firm Performance

Corporate Social Responsibility (CSR) has evolved from a philanthropic initiative to an important strategic component of global business operations. CSR is now seen as an element that influences a company's image, financial performance, and stakeholder relationships. Effective CSR implementation can provide a range of benefits to international companies, including enhanced reputation, customer loyalty, and operational efficiency. This article explores the impact of CSR on firm performance by analyzing case studies from five countries: Turkey, Nigeria, China, Bangladesh, and Spain. The research method used is a qualitative meta-analysis to identify common patterns and findings from various studies. The results show that CSR implementation has a significant impact on firm performance, although it varies depending on the geographical and industry context. This article highlights the importance of a systematic approach in integrating CSR to achieve optimal results for companies.

The Impact of Implementing Corporate Social Responsibility (CSR) on Company Financial Performance

The Impact of Implementing Corporate Social Responsibility (CSR) on Company Financial Performance

Development of Corporate Social Responsibility Implementation (Study in Indonesia and Malaysia)

Development of Corporate Social Responsibility Implementation (Study in Indonesia and Malaysia)

The Role of Corporate Social Responsibility in Enhancing Resilience and Sustainability of Manufacturing SMEs: A European Perspective

This study investigates the implementation of Corporate Social Responsibility (CSR) practices in the manufacturing sector, with a focus on comparing the experiences and outcomes of small and large enterprises in Europe. Utilizing a mixed-methods approach, the research examines how these enterprises adopt CSR practices and the resultant impacts on financial and environmental performance. The findings indicate that both small and large enterprises benefit significantly from CSR, evidenced by improvements in key financial metrics such as Return on Assets (ROA) and Return on Equity (ROE), as well as reductions in carbon emissions and enhancements in energy efficiency. Small enterprises, despite facing challenges such as limited financial resources and lack of expertise, achieve notable local community engagement and operational efficiencies through targeted CSR initiatives. Large enterprises leverage their extensive resources to implement comprehensive CSR strategies, resulting in substantial environmental and financial gains. The study highlights the importance of stakeholder engagement, government support, and a robust organizational culture in facilitating effective CSR adoption. These insights underscore the need for supportive measures to help SMEs overcome barriers and enhance their contributions to sustainable development.

Community Empowerment Through Organic Waste Management Fostered by PT Pertamina Patra Niaga Integrated Jakarta as an Implementation of Corporate Social Responsibility

Waste is still a quite complicated problem in DKI Jakarta. Waste generation in the Province has a waste generation of 8,607.26 tons per day. These problems require effective and sustainable solutions. The waste problem is the effect of the development process, and the lack of waste management, as well as the lack of public education on how to manage waste. PT Pertamina Niaga Integrated Jakarta collaborated with RW 07, North Rawa Badak Village, Koja District, North Jakarta City to conduct coaching in the form of organic waste management activities through maggot cultivation. This community empowerment program, conducted within the operational vicinity of PT Pertamina Patra Niaga Integrated Jakarta, holds significance as it serves as a corporate social responsibility endeavor. Its primary objectives are to educate the community about waste management practices and to mitigate waste generation. This research employs qualitative methodology, specifically adopting a descriptive research design. The results of the study show that the Company's social responsibility program has fulfilled the concept of three triple bottom line dimensions.