Corporate Social Responsibility and the Fourth Industrial Revolution

2021 ◽  
pp. 57-73
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Industrial Revolution ◽  
Fourth Industrial Revolution ◽  
Challenges And Opportunities ◽  
Emerging Issues ◽  
Corporate Social ◽  
Role Of Information

The aim of writing this chapter is to describe the nexus between emerging technology in terms of fourth industrial revolution and corporate social responsibility in the presence of driven challenges and opportunities. This chapter also explains the current implications of the fourth industrial revolution to understand the current challenges, to address and find out opportunities. Similarly, this chapter also analyses that role of information technology overall as a factor of globalization. Furthermore, in term of the emerging issues, which are significant challenges of the world, such sustainable development consists of economic, social, and environmental factors. The discussion reveals that, to achieve sustainable development in the presence of fourth industrial revolution, it is the responsibility of the corporate sector to use all technologies in a socially and economically friendly manner; therefore, the maximum advantages could be derived from its use.

Corporate Social Responsibility of Public Banking Sector for Sustainable Development

2019 ◽  
pp. 467-488
Author(s):  
Naglaa Fathy El Dessouky
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Banking Sector ◽  
Developed Countries ◽  
The Sustainable Development ◽  
The Public ◽  
The Developed Countries ◽  
Corporate Social

Corporate Social Responsibility (CSR) has become a significant field of studies to stress the importance of the new role of organizations towards the society for sustainable development. Nowadays, an enormous number of authors have been participating in this field to highlight the responsibility of organizations towards the community, society and the natural environment where they are operating. Despite the growing number of researches related to CSR in the developed countries little empirical studies have been devoted to examine CSR concept and practice in the African countries, the MENA region (Middle-East and North Africa), as well as in the Golf countries. This chapter seeks to study CSR concept and practice in the emerging market economies (EMEs). It will mainly focus on the implementations of CSR by the public banking sector. We will investigate the role of the public banking sector existing in an Arab country in comparison to an Asian country to explain and analyze the similarities and differences of CSR activities in both experiences. In this comparative study we will primarily examine Banque Misr, as one of the oldest and largest public bank in Egypt and the Malayan Banking Berhad (trading as Maybank) as the largest public bank in Malaysia. After a meticulous review of literature, we propose a systemic framework to study CSR practices and policy implementations. We illustrated the CSR as a constant process where all variables are interrelated and are affecting each other in a mutual approach. In this systemic framework we advocated to study all significant variables related to CSR practice as: the history/philosophy development, core-values, CSR adopted definition, motives, key players, approaches, stakeholders focus, sectors of intervention and mechanisms of policy implementations. The chapter concludes that common CSR policies exist between the Malaysian and the Egyptian experience. Nevertheless the Malaysian model has formulated an elaborated and further sophisticated CSR public banking program. Meanwhile, the Egyptian model needs to adopt more global oriented CSR public banking policies, in particular to assure the sustainable development requirements.

Study of models of corporate social responsibility and sustainable development

2020 ◽  
Vol 19 (3) ◽  
pp. 317-334
Author(s):  
Vikram Jeet ◽  
Parvesh Kumar Aspal ◽  
Afroze Nazneen
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Environment ◽  
Business Organizations ◽  
Broad Concept ◽  
Stakeholder Model ◽  
Wide Gap ◽  
Corporate Social

Corporate social responsibility (CSR) is a broad concept, and it has witnessed several versions since its initiation. Without doubt, in the current business and economic scenario, CSR has been gaining momentum; therefore, it is crucial to explore and comprehend the basic responsibility of CSR and sustainable development. It is, therefore, significant to analyse and explore the evolution of CSR throughout the years and link it with sustainable development. The present study analyses and compares the various CSR models based on the order of significance, scope of responsibility, role of philanthropy, CSR–corporate financial performance relationship and attractiveness and its impact on sustainable development. The study reveals that the concept of CSR and sustainable development are steadily stepping towards a unified form, where companies’ commitment towards social obligation brings about practical and exhaustive improvement. It was observed that several models have been proposed and modified, yet there is a wide gap between the concept and practical execution of CSR models due to the different strategies followed by business organizations, which vary from nation to nation depending upon their business environment. The widely accepted stakeholder model suggests that companies should care for the interests of stakeholders, for instance shareholders, traders, consumers, employees and the society, for sustaining its business.

scholarly journals Corporate social responsibility of financial sector institutions in the light of sustainable development goals financing: the role of banks and stock exchanges

2018 ◽  
Vol 7 (3) ◽  
pp. 1-14 ◽  
Author(s):  
Inna Makarenko ◽  
Yulia Yelnikova ◽  
Anna Lasukova ◽  
Abdul Rahman Barhaq
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Sustainable Development Goals ◽  
Sustainability Reporting ◽  
Financial Sector ◽  
Stock Exchanges ◽  
Development Goals ◽  
Corporate Social

Significant gap in investment resources for financing Sustainable Development Goals can be overcome with the revitalization of the corporate social responsibility mechanism of the financial sector institutions, for example banks and stock exchanges as the largest players in the global financial sector. The most relevant for them are Goals 1, 5, 8, 10, 13, 17. Incorporating these goals into activities of the financial sector institutions requires not only the activation of their CSR mechanism in the directions indicated by the targets, but also the radical restructuring of all business processes and the reorientation of their overall sustainability strategy. Analysis of current sustainability reporting disclosure by financial sector institutions in global and regional aspects was conducted. Based on the analysis, the authors define the role of CSRs of banks and stock exchanges in SDG financing as follows: banks – ensuring their own sustainability and efficiency through CSR mechanisms, formation of new tools, methods and technologies of financial support of SDG; stock exchanges – minimization of information asymmetry in investor decision making, taking into consideration ESG criteria, formation of exemplary disclosure practices and new markets and market benchmarks by listing companies.

scholarly journals The Role of Sustainable HRM in Sustainable Development

2021 ◽  
Vol 13 (19) ◽  
pp. 10668
Author(s):  
Barbara Duvnjak ◽  
Andrej Kohont
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Strategic Human Resource Management ◽  
Extensive Literature ◽  
Corporate Accountability ◽  
Proposed Model ◽  
Corporate Social ◽  
The Relationship

Achieving sustainability is becoming a primary agenda for many societies throughout the world. However, we are currently witnessing a surprising stagnation in progress toward this goal. Neoliberal values of individualism, privatization and competitive advantage are proving to be hard to breach. Hence, there is a pressing need for change. Through an extensive literature overview, the present paper identifies existing misconceptions and differences in the comprehension of concepts such as sustainable development, corporate social responsibility and the relationship between strategic human resource management (HRM) and sustainable HRM. It describes and acknowledges the hindrances that sustainable HRM faces in practice, with a particular focus on the predominant schema of strategic HRM and the misconception of corporate social responsibility. The aspiration of the paper is to pose a new model of sustainability by implementing sustainable HRM at the center of sustainable development and corporate accountability. The proposed model is intended as a measurement of the levels of sustainable development in which organizations find themselves and report on, and as a more comprehensive model of sustainable HRM, which has the potential to be applied in practice.

scholarly journals THE ROLE OF THE PUBLIC SECTOR IN CORPORATE SOCIALRESPONSIBILITY DEVELOPMENT IN LITHUANIA

Ekonomika ◽  
2009 ◽  
Vol 86 ◽  
pp. 55-67 ◽  
Author(s):  
Dalia Štreimikienė ◽  
Rasa Pušinaitė
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Public Sector ◽  
Social Responsibility ◽  
Driving Forces ◽  
Negative Impact ◽  
Local Level ◽  
The Public ◽  
Corporate Social

In implementing sustainable development policy, corporate social responsibility and other voluntary business initiatives plays the crucial role. Business plays the central role in economy and its voluntary initiatives such as signing the Global Compact and developing corporate social responsibility (CSR) are the main tools for implementing sustainable development on local, regional and global levels. However, also the public sector plays an important role in enhancing CSR development in the country. There exit several studies on CSR development in the Lithuanian private sector; however, the role of the public sector has not yet been investigated.The aim of the work was to investigate the development of CSR in the Lithuanian public sector. The main goals of the article are to analyse the concept of corporate social responsibility and to identify the main driving forces of CSR development in the public sector, its main barriers and means of overcoming these barriers.The article summarizes the results of a survey conducted in the Lithuanian public sector. The survey has shown that corporate social responsibility is not widely spread among public administration bodies at the local level. The main factors having a negative impact on social responsibility development in the public sector are the lack of information, of human and other resources.

scholarly journals The Role Of CSR In Achieving Sustainable Development – Theoretical Approach

2016 ◽  
Vol 12 (22) ◽  
pp. 10 ◽  
Author(s):  
Karoly Behringer ◽  
Krisztina Szegedi
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Development Process ◽  
The Sustainable Development ◽  
Long Time ◽  
Corporate Social ◽  
Relationship Of ◽  
The Relationship

The study is looking for the answer to the question that how the theory of Sustainable Development and that of Corporate Social Responsibility are linked, by means of what development process the two theories came near to each other and why is it that CSR is considered to be the corporate concept of Sustainable Development. The aims of this study are: (1) to give a synthesized approach to both of Sustainable Development and Corporate Social Responsibility concepts (2) to find the relationship between Sustainable Development and Corporate Social Responsibility based on the content analysis of the main milestones of Sustainable Development process, and (3) to highlight some practical relevance of the relationship of the two concepts which can be a basis of further empirical researches. Based on the research the concept of Corporate Social Responsibility and that of Sustainable Development progressed separately for a long time. The business sphere got a larger and larger role in sustainable development and it has become clear by now that CSR contributes to the sustainable development of the business sphere and without that sustainable development cannot be attained.

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