scholarly journals Corporate Social Responsibility Strategy Implementation: A Global Overview

2019 ◽  
Vol 3 (1) ◽  
pp. 55
Author(s):  
Ambrose Kipruto Chepkwei

Purpose: To establish corporate social responsibility strategy implementation globally.Methodology: This paper employed literature study, which is descriptive in nature as based on a review of existing literature within (journals, conference reports and websites) in regard to corporate social responsibility among various countries of the world. The researcher surveyed randomly existing research on corporate social responsibility strategy implementation in fifteen (15) countries within five (5) continents of the world with the sole objective to establish corporate social responsibility strategy implementation globally.Findings: In the global business set up today, clients are more informed about their rights and obligations. Corporate social responsibility strategy has greatly contributed to the success of various corporate institutions including financial institutions in the western world. Corporate social responsibility strategy is considered as an important instrument that pushes the competitive advantages, the creativity and innovation, improves business reputation to the society with the employees, furniture, state institutions and non governmental organization.Unique contribution to theory, practice and policy: Socially responsible companies can provide a better environment, a better quality of life and a more desirable community, corporate social reponsibility results in less government regulation while social reponsibility benefits long term stock prices as the market deems socially reponsible firms less risk.


Corporate Social Responsibility has become a mainstream global business strategy in recent years and a large number of firms in the world issue numerous activities as a part of it. India is one of the first among few countries in the world to have a CSR act and the first to bring about legislation to implement CSR activities.The Government of India has made two significant interventions in the field of CSR-- in 2010, it made compulsory for public as well as private enterprises to spend 2 to 5 percent of their net profit on CSR; and it amended the Companies Act, 1956 that made compulsory provision for CSR under Section 135 in 2013. In this context this article is an attempt to discuss the progress in CSR initiatives in India over the years.



2012 ◽  
Vol 1 (2) ◽  
Author(s):  
AL. Sentot Sudarwanto S ◽  
Anjar Sri Ciptorukmi N.

<p align="center"><strong>Abstract</strong></p><p><em>This research using juridical empiric approach and incorporated as evaluative-descriptive research by using analysis-qualitative methods. We are using primary and secondary source for our research source. We are using proficient and competent informant that work at PDAM and TSTJ. In order to choose our informant, we are using purposive sampling method. We also use interview and literature study in order to gather data for this research. As the conclusion we can assume that implementation of Corporate Social Responsibility of PDAM Surakarta basically already meet the Surakarta’s Local Government Regulation No. 1 Year 2004 regarding Amendment of Surakarta local government regulation No. 3 year 1977, Regulation No.5 year 1962, Regulation No, 32 year 2009. On the other hand, TSTJ Surakarta practically haven’t done Corporate Social Responsibility. Nevertheless, they have done the internal conservation by doing reforestation program in TSTJ Surakarta area. Revitalization of Local Government-Owned Corporation in Surakarta has been done in order to create Good Corporate Governances Awareness for the manager of the Local Government-Owned Corporation. Regulation No.5 year 1962 need to be revised by accommodating Corporate Social Responsibility and synchronized with regulation No.32 year 1934 regarding local governance.</em></p><p><strong>Keywords:</strong><em>Corporate Social responsibility, Local Government-Owned Corporation, Bengawan Solo’s Watershed</em></p><p align="center">Abstrak</p><p>Penelitian ini menggunakan pendekatan yuridis empiris dan disusun sebagai suatu penelitian deskriptif-evaluatif dengan menggunakan metode analisis kualitatif. Sumber data yang digunakan baik sumber data primer maupun sekunder. Informan yang digunakan adalah informan yang layak dan kompeten dari PDAM dan TSTJ. Informan dipilih menggunakan teknik purposive sampling. Pengumpulan data menggunakan wawancara dan studi pustaka. Hasil penelitian menunjukkan bahwa implementasi Tanggungjawab Sosial Perusahaan (CSR) dari PDAM secara prinsip telah sesuai dengan Keputusan Pemerintah Kota Surakarta No. 1 Tahun 2004 tentang Perubahan atas Peraturan Daerah Kotamadya Tingkat II Surakarta No. 3 Tahun 1977, UU No. 5 tahun 1962 dan UU No.32 Tahun 2009. Di sisi lain, TSTJ secara spesifik belum melaksanakan (CSR). Namun, TSTJ telah melakukan konservasi internal antara lain dalam bentuk penanaman pohon di wilayah Perusahaan Daerah TSTJ. Revitalisasi BUMD Kota Surakarta harus dilakukan untuk mewujudkan pengelola yang menerapkan prinsip <em>Good Corporate Governance. </em>Undang-Undang Nomor 5 Tahun 1962 tentang Perusahaan Daerah perlu direvisi untuk mengakomodir peraturan tentang CSR yang disinkronkan dengan Undang-Undang Nomor 32 Tahun 2004 tentang Pemerintah Daerah</p>Kata Kunci: Tanggung Jawab Sosial Perusahaan, Badan Usaha Milik Daerah, revitalisasi



2017 ◽  
Vol 20 (5) ◽  
pp. 1231-1247 ◽  
Author(s):  
Mohsin Abdur Rehman ◽  
Muhammad Kashif ◽  
Michela Mingione

The purpose of this study is to explore the extent to which MBA programmes offered by top European and Asian B-schools have a corporate social responsibility and sustainability (CSRS) orientation as per their websites. The websites of top-200 (based on the QS Global Business and Management University Rankings 2015) European and Asian B-schools were explored and content analysed to reach meaningful conclusions. The findings reveal European B-schools have much stronger CSRS orientation once compared with the Asian B-schools. Furthermore, only few B-schools promote CSRS centres on their websites which has some useful practical implications. This is the first study to explore the CSRS orientation among top-200 European and Asian B-schools based on an analysis of their respective websites. Additionally, a cross-continental comparison between European and Asian MBA programmes is unique to this study. The results have implications for global managers, in general, and business school policymakers, in specific, to embark the CSR initiatives to gain competitive advantage.



2021 ◽  
Vol 303 ◽  
pp. 01003
Author(s):  
Olena Kozyrieva ◽  
Nataliia Tkalenko ◽  
Valentina Vyhovska ◽  
Alina Pinchuk

The article proves that the implementation of the principles and use of the tools of corporate social responsibility can increase the reputation of the corporation and its activity in the world market. The purpose of the article is to substantiate and determine the role of corporate social responsibility of the mining and metals companies in ensuring and improving their reputation in the world market. The article substantiates that the low level of corporate governance practice and insufficient part of social contribution to the companies negatively affect formation of corporate social responsibility of the corporations. The article analyzes the indicators of Corporate sustainability and Transparency for 2018-2019 according to the professional rating of the largest Ukrainian mining and metals companies, based on leading international practices. The analysis of indicators made it possible to identify the proportional dependence of the reputation of the corporation on the measures of corporate social responsibility that the latter implements. It is determined on the basis of the study that corporate social responsibility is an effective tool to increase the competitiveness of mining and metals companies.



Energies ◽  
2021 ◽  
Vol 14 (18) ◽  
pp. 5993
Author(s):  
Katarzyna Huk ◽  
Mateusz Kurowski

Sustainable development is now an important direction for the further development of all economies in the world. It is important to balance economic development with the impact on the environment and our planet. Another direction in the development of management sciences is the emergence of the concept of Corporate Social Responsibility, which considers this impact in three key aspects—economic, environmental and social—in terms of microeconomics. This concept gives companies specific guidelines and tools that minimize their negative impact on the environment. Reducing the negative impact of companies influences the environment and this is what is mainly associated with them. However, companies should also pay attention to internal consistency and caring for employees. Company practices such as the exploitation of people, including children, and injustice in the workplace are some of the factors that can be observed in less developed countries. The article focuses on the presentation of the environmental aspect in the context of the concept of corporate social responsibility. We analyzed individual sectors of the economy in terms of the environmental aspect, with particular emphasis on the energy industry. The study is based on a statistical analysis taking into account data from 1718 companies from all over the world. The aim of the article is to present the environmental aspect in the context of corporate social responsibility in the energy industry as a direction for sustainable development of the economy. The article is based on the analysis of the literature and databases presenting CSR, which was created on the basis of questionnaire research. The article shows which regions of the world are worse and which are better in terms of the environmental aspects of CSR. Conclusions on the main CSR guidelines for the environment are also presented. We analyzed factors such as environmental routines, policies and targets, implementation of environmental management systems, ISO 14001/EMAS certification, environmental reporting, environmental requirements inside the supply chain, the trend of GHG emissions and the trend of energy consumption for their environmental impact. The analysis was carried out on the basis of given regions of the world and individual sectors of the economy, especially the energy industry.



Author(s):  
Bibit Bintang Bithara ◽  
◽  
I Putu Krisna Arta Widana ◽  
Ni Gst Nym Suci Murni ◽  
◽  
...  

Purpose: This research was conducted to know the implementation of corporate social responsibility activities at Grand Inna Kuta hotel, which is focused on the implementation corresponding to international regulation, national regulation, and local regulation concerning of corporate social responsibility (CSR). Research methods: By using descriptive qualitative method, this research describes CSR activities which refer to world tourism code of ethics, Indonesian republic government regulation, and local regulation which is the last in its relation with local culture i.e. Tri Hita Karana. Results and discussion: The result shows that there are 6 corporate social responsibility activities which conducted by Grand Inna Kuta namely; blood donor activity, beach cleaning activity, trees plant activity, tribute to the village, social assistance, and social assistance during Covid 19 pandemic. Conclusion: All the activities are a reflection of the local culture theory Tri Hita Karana which means harmonic relationship between human and God, human and human, and human and ecology.



2017 ◽  
Vol 15 (1) ◽  
pp. 23
Author(s):  
Basuki Basuki ◽  
Corry Natasha Patrioty

In recent conditions, company is not considers merely on profit, but there is strong argument that company must aware on its social environments. Hence, it is required that a company must disclose its social responsibility to the stakeholders. Corporate social disclosure itself is influenced by many factors. The objective of this study is to explain the influencing factors of corporate social responsibility. Based on the Stakeholders theory, the study will investigated social responsibility accounting phenomena on business practices. The research sites would be in PTPN- East Java consists of PTPN X, XI, and XII. Regressions models are used to test the formulated hypothesis. Data were collected by using questionnaires which were mailed to 58 top and middle managers in PTPN who directly or indirectly involved in the corporate social responsibility. The empirical finding showed that and partially Mass media pressure are significant factor to corporate social disclosure, meanwhile Government regulation, Community pressure, environmental organization pressure do not have significant effect on corporate social disclosure. However, simultaneously those factors significantly influence the PTPTN’s corporate social disclosure.



2021 ◽  
Vol 4 (2) ◽  
pp. 162-185
Author(s):  
Anita Anita ◽  
Lisa Lim

The study is conducted with the aim of examining the effect of corporate social responsibility on systematic risk in companies listed on the IDX for the period of 2016-2020. This study adds financial flexibility and research and development investment as moderators which are still remain unexplored in Indonesia. This research is expected to be able to make investors consider social responsibility as a factor in making investment decisions. The data taken are stock prices, annual reports and sustainability reports which are secondary data. Data collection using purposive sampling method with certain criteria so that the number of samples in this study amounted to 43 companies. In testing the hypothesis using panel data regression analysis techniques with eviews. The results of the regression analysis show that the existence of corporate social responsibility has a significant positive effect on systematic risk. The moderating variable of financial flexibility does not affect the relationship between CSR and systematic risk. Then the research and development investment variables weaken the relationship between CSR and systematic risk. Therefore, management is expected to pay attention to R&D investment in making CSR policies. This study explains that R&D investment is one of the important roles in company sustainability.



2016 ◽  
Vol 4 (1) ◽  
pp. 31
Author(s):  
Panca Wardhana ◽  
Ainur Rochmaniah

The purpose of this study was to determine public opinion towards corporate social responsibility Candi Baru sugar factory. This research used descriptive quantitative method, from a population of 367 householders, while a sample of 79 respondents. The sampling technique used proportional sampling techniques and random sampling. Collecting data used literature study, questionnaires and interviews. Analyzing data used descriptive statistics. The result study stated that, Candi Baru sugar factory has conducted two types of corporate social responsibility, namely corporate social marketing and corporate philanthropy. Public opinion towards corporate social responsibility Candi Baru sugar factory has been well overall, but there were still negative opinion of the people. It caused by multiple factors, the distribution of the assistance provided was uneven, the shape and the amount of assistance provided is considered incompatible with pollution and losses caused by the activity of production companies, as well as their distrust of the objectivity of the company in selecting the target activity.



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