scholarly journals Rethinking Corporate Responsibility and Sustainability in Light of Economic Performance

2021 ◽  
Vol 13 (5) ◽  
pp. 2660
Author(s):  
Anca Antoaneta Vărzaru ◽  
Claudiu George Bocean ◽  
Michael Marian Nicolescu
Keyword(s):  
Sustainable Development ◽  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Business Ethics ◽  
Social Responsibility ◽  
World Bank ◽  
Economic Performance ◽  
Corporate Responsibility ◽  
Positive Direct ◽  
Corporate Social

Concepts of ethical behavior and corporate social responsibility have emerged in recent years due to organizations’ increasing ethical problems. Business ethics, social responsibility, and corporate governance are significant drivers for organizational performance, growth, and sustainable development (SD). In this paper, we propose an original tool, at a macroeconomic level, for the integration of concepts such as business ethics (BE), corporate social responsibility (CSR), and corporate governance (CG). The paper also seeks to establish the relationships among corporate responsibility dimensions (CR), sustainability, and economic performance. This research used the Sustainable Development Report 2020, Candriam’s ESG Country Report, World Bank Doing Business 2020 Report, World Bank national accounts data, and Eurostat as data sources. As part of the research, we selected the European Union states (27) plus the United Kingdom. The main results reveal the positive direct and indirect influences of corporate responsibility on economic performance, ultimately leading to sustainable development.

Sustainable Development Goals and progressive business models for economic transformation

2019 ◽  
Vol 34 (6) ◽  
pp. 510-524 ◽  
Author(s):  
Jacob D Rendtorff
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Corporate Social Responsibility ◽  
Business Ethics ◽  
Social Responsibility ◽  
Sustainable Development Goals ◽  
Economic Transformation ◽  
The Sustainable Development ◽  
Development Goals ◽  
Corporate Social

This paper analyses the Sustainable Development Goals of the United Nations in the 2030 ‘Transforming the World’ Agenda, from 2015, as a contribution to business ethics and ethical economy. The Sustainable Development Goals combine political aims with visions of economic development and social justice and are therefore important for business ethics and corporate social responsibility. Thus, the Sustainable Development Goals constitute a driver for ethical economic development and social change. However, there is a need for critical analysis of the possibilities of Sustainable Development Goals of functioning as a vision and a strategic tool for management and governance. The aim of the paper is to investigate these possibilities of the Sustainable Development Goals of contributing to business ethics and ethical economy with mobilization of business, public institutions and organizations, and non-governmental organizations. After presenting the Sustainable Development Goals, the paper critically discusses their scope and potential for corporate social responsibility, business ethics and corporate sustainability. This involves the problem of how the Sustainable Development Goals can contribute to a transformation towards another economy. As a contribution to business ethics, the paper elaborates on partnerships for Sustainable Development Goals, sustainable performance management systems and the Sustainable Development Goal Compass with the aim of interpreting Sustainable Development Goals as a basis for progressive business ethics models.

Corporate Social Responsibility in hospitality: are sustainability initiatives really sustainable? Case examples from CitizenM, Lefay and Six Senses

2020 ◽  
Vol 12 (5) ◽  
pp. 525-545
Author(s):  
Virginia Maria Stombelli
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Decent Work ◽  
Content Type ◽  
Starting Point ◽  
The Future ◽  
Virtuous Cycle ◽  
Positive Direct ◽  
Corporate Social

Purpose In 2016, the United Nations published the agenda for sustainable development with 17 Sustainable Development Goals (UN SDGs), asking everyone to commit to reach the Goals’ targets by 2030. Accordingly, hospitality brands developed Corporate Social Responsibility (CSR) initiatives to deliver positive direct, indirect and induced impacts to the triple bottom lines’ environmental, social and economic dimensions. The purpose of this paper consists in investigating the benefits that companies want to obtain, engaging in these activities. Three very different hotel brands’ CSR are analyzed to consider their undeclared coordination with the UN SDGs namely CitizenM, Lefay and Six Senses. Design/methodology/approach The paper is based on secondary qualitative data retrieved from websites. Findings When choosing to commit to CSR initiatives, companies not only behave as good corporate citizens but also pursue their economic interests. By so doing, they receive benefits that vary from improved image and reputation amongst guests to enhanced satisfaction and commitment amongst employees, passing through reduced fiscal burdens and financial savings. Practical implications The UN SDGs seem to potentially create a virtuous cycle in which Goal 8, decent work and economic growth, must be a leading cornerstone. To make the cycle work, socio-economic engagement and factual certainly should be improved and hospitality companies should pay a role both by measuring and publishing the benefits of committing to CSR and funding sustainability research that can be beneficial to their business, too. If this happens and the UN SDGs’ targets are met, the future will benefit from a circular economy, whereby resources will not be disposed of but maintained, repaired, reused, remanufactured and refurbished before being recycled. In other words, sustainability is not only about creating a better life for every living being but also about developing favourable business environments to benefit companies. Originality/value The comparison of hospitality brands’ with theoretically identified benefits represents the starting point of a wider multi-dimensional reflection on coordination between companies’ CSR and UN SDGs. Recommendations to sustain the sustainability virtuous cycle and to look at the future are drawn.

scholarly journals PENGARUH CORPORATE GOVERNANCE, PROFITABILITAS, LEVERAGE,DAN UKURAN PERUSAHAAN TERHADAP PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY PADA PERUSAHAAN INDUSTRI DASAR DAN KIMIA YANG TERDAFTAR DI BEI

2019 ◽  
pp. 139-164
Author(s):  
Afni Eliana Saragih ◽  
Yan Christin Br. Sembiring
Keyword(s):  
Sustainable Development ◽  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Corporate Social

Aktivitas utama perusahaan manufaktur adalah mengolah bahan baku menjadi barang jadi. Sisa hasil produksi atau yang sering disebut limbah dapat menyebabkan polusi air, tanah, maupun udara. Hal ini menuntut adanya tanggung jawab sosial perusahaan disebutCorporate Social Responsibility (CSR) terhadap masyarakat maupun pemerintah.Defenisi CSRmenurut World Bisnis Council for Sustainable Development (WBCD) merupakan suatu komitmen berkelanjutan oleh perusahaan untuk bertindak etis dan memberikan kontribusi kepada pengembangan ekonomi dari pihak internal ataupun masyarakat luas, bersamaan dengan peningkatan taraf hidup pekerjanya beserta seluruh keluarga.Pada banyak kasus, tanggung jawab sosial tersebut belum ditaati perusahaan secara benar dan normal. Hasil evaluasi efek sosial ditemukan bahwa banyak konflik dan masalah yang ditinggalkan oleh sisa hasil produksi perusahaan. Tujuan penelitian ini adalah untuk menganalisis pengaruh corporate governance,profitabilitas dan ukuran perusahaan terhadap pengungkapan CSR. Penelitian ini dilakukan pada Perusahaan Kimia dan Industri Dasar yang terdaftar di Bursa Efek Indonesia. Tahapan penelitian dimulai dengan mengumpulkan data yang dibutuhkan, selanjutnya akan dianalisis dengan menggunakan metode Analisis Regresi Linier Berganda. Hasil penelitian menunjukkan bahwa corporate governance, profitabilitas dan ukuran perusahaan tidak berpengaruh terhadap pengungkapan CSRbaik secara simultan maupun secara parsial. Penelitian selanjutnya dapat diperluas dengan menganalisis faktor-faktor lain yang mempengaruhi CSR, atau menganalisis item CSR tertentu yang paling banyak diungkapkan oleh perusahaan.

scholarly journals Sustainable development in accounting

2021 ◽  
pp. 125-134
Author(s):  
Marzena Remlein
Keyword(s):  
Sustainable Development ◽  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Reporting ◽  
Financial Information ◽  
Accounting Systems ◽  
Nonfinancial Information ◽  
Voluntary Standards ◽  
Corporate Social

The purpose of this chapter is to present and discuss the essence and importance of accounting in the concept of sustainable development. Considerations are particularly focused on reporting CSR issues. The growing importance of the idea of sustainable development and the concept of Corporate Social Responsibility that arose on its basis, gave rise to the need for accounting systems to develop solutions enabling the provision of information on the methods and results of implementing these concepts in entities operating on the market. The interest in accounting with regard to the area of sustainable development has contributed to the development of vocabulary related to measurement, calculation, disclosure, reporting and verification of information on the activities of units for sustainable development. Reporting on Corporate Social Responsibility (CSR) is still largely voluntary and non-standardised. However, there are various international organisations that develop frameworks and voluntary standards for non-financial reporting, the so-called Social Reporting Standards. The most important EU legislative initiative in the field of disclosure concerning environmental, social and corporate governance information is Directive 2014/95/EU of the European Parliament and Council from 22 October 2014 amending Directive 2013/34/EU as regards disclosure of non-financial and diversity in formation by certain large undertakings and groups. The combination of financial information (financial statements) with non-financial information relating to the environment, society and corporate governance is included in the integrated report. In Poland, the requirement to present non-financial information related to CSR was introduced by the Accounting Act. Polish companies should prepare a separate report—“Statement on nonfinancial information”. In 2017, the Polish Standard of Non-Financial Information (SIN, 2017) was published to help enterprises fulfil their obligations under the EU Directive.

scholarly journals BUSINESS ETHICS AND GOOD CORPORATE GOVERNANCE IN RELEVANCE IMPLEMENTATION OF THE COMPANY'S SOCIAL RESPONSIBILITY

2020 ◽  
Vol 1 (6) ◽  
pp. 824-835
Author(s):  
Judiatin Rachmiarti Kusumah
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Business Ethics ◽  
Social Responsibility ◽  
Corporate Strategy ◽  
Business Environment ◽  
Fundamental Aspect ◽  
Good Corporate Governance ◽  
Corporate Social ◽  
Positive Effect

The challenges for companies are getting bigger today. CSR is used as a guideline for corporate strategy to take the interests of all stakeholders into account. The application of CSR has to do with how the company is well managed and managed (GCG). The implementation of GCG has a positive effect on the business environment of a company and has a positive effect on the company as investors increasingly trust the company. CSR develops because the long-term sustainability of the company is more important than just profitability. Companies have social and ecological responsibility for ethical behavior, which is referred to as corporate social responsibility (CSR) or corporate citizenship. Corporate Social Responsibility (CSR) is a company's commitment to the conduct of its business. It aims not only to increase the company's financial profit, but also to build a sustainable socio-economy. It can be concluded that the fundamental aspect of implementing CSR for the company is a form of the company's commitment to the well-being of employees and their families, the surrounding community (local) and in particular the entire community and that the implementation takes place in a sustainable manner. This paper is intended to provide an overview of the implementation of corporate social responsibility with its relevance to business ethics and good corporate governance in Indonesia. The research method used is a library and observation method based on the author's experience in dealing with PT XYZ Raya, one of the national companies for paints and chemicals, as a supplier of various types of colors

Corporate Social Responsibility and Ethics in Management in Light of Sustainable Development

2015 ◽  
pp. 239-258
Author(s):  
N. Öykü İyigün
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Business Ethics ◽  
Social Responsibility ◽  
Historical Perspective ◽  
Theoretical Framework ◽  
Corporate Social

This chapter introduces the concept of corporate social responsibility and argues that it offers potential contributions to sustainable development by bringing incentives for corporations to act socially responsibly. This chapter continues by exploring the theoretical framework including conceptualizations and the historical perspective of the concepts. It then introduces related terms such as ethics, business ethics, sustainability, and development. As a result, the chapter discusses corporate social responsibility and ethics in management in light of sustainability and development. The conclusion reflects on possible weaknesses, limitations, and challenges to corporate social responsibility and ethics as the primary actors for sustainable development.

scholarly journals Corporate social responsibility for a sustainable inclusive growth in India

2013 ◽  
Vol 25 (1) ◽  
pp. 39-58 ◽  
Author(s):  
R.K. Mishra ◽  
Punam Singh ◽  
Shulagna Sarkar
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Corporate Responsibility ◽  
Oil And Gas ◽  
Secondary Data ◽  
Business Practices ◽  
Inclusive Growth ◽  
The Core ◽  
Corporate Social

Corporate Social Responsibility (CSR), Inclusive growth and Sustainability are essential aspects of the core strategy and business practices for cutting edge organizations. Sustainable development and CSR as an agenda, have matured rapidly, and is driven by demand for greater accountability by corporate to society in India. Views on corporate responsibility have contributed to mounting pressure on business to demonstrate its social accountability. The paper is aimed at formulating a conceptual framework for sustainable inclusive growth and also elaborates the CSR areas of Oil and Gas Central Public Sector Enterprises (CPSE’s) in India for sustainable inclusive growth. The paper is based on secondary data and focuses on highlighting the CPSE approaches to CSR in the pre and post implementation of CSR guidelines in India. The paper also discusses cases demonstrating innovation by Indian companies to bring in sustainable inclusive growth.

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