Corporate Social Responsibility: A Legal Perspective with Reference to Banks in Pakistan

Abstract

Purpose: The term "Corporate Social Responsibility" is not new in the business world. Over time, several academics and researchers have evolved their definitions of CSR, basing them on the political, environmental, economic, and social circumstances of the moment. Since the 1950s, no solitary, recognized definition of CSR among academics and researchers has existed. Companies that engage in CSR see a rise in customer loyalty. No doubt, CSR a new-fangled idea in Pakistan intensifies the significance of CSR for banks in Pakistan. The researchers will try to determine whether the banks operating in Pakistan are obeying the standards of CSR and, if so, how closely those rules are being adhered to. Design/Methodology/Approach: To achieve that, we will try to comprehend the idea of CSR, look into where it came from, and examine its constituent parts and primary motivators. affect the environment and people. Findings: Additionally, it is important to consider how CSR compliance may The study will attempt to look out for pertinent laws, rules, regulations, and recommendations in the local and international legal frameworks that highlight the importance of CSR and its application. Implications/Originality/Value: If banks do not execute the CSR laws, we will attempt to determine if the State and people of Pakistan have any legal remedies against the banks