Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-3988-0.ch002
Poverty is one of the significant issues of the world. There are several causes of poverty. Numerous countries of the world adopt sustainable policies for its reduction. There are also direct and indirect responsibilities of the corporate sector to play a vital role in its reduction. The aim of writing this chapter is to explain the significant causes of poverty around the world. Furthermore, this chapter also explains how the private and, more specifically, the corporate sector can influence overall poverty reduction.
{"title":"Corporate Social Responsibility and Poverty Alleviation","authors":"","doi":"10.4018/978-1-7998-3988-0.ch002","DOIUrl":"https://doi.org/10.4018/978-1-7998-3988-0.ch002","url":null,"abstract":"Poverty is one of the significant issues of the world. There are several causes of poverty. Numerous countries of the world adopt sustainable policies for its reduction. There are also direct and indirect responsibilities of the corporate sector to play a vital role in its reduction. The aim of writing this chapter is to explain the significant causes of poverty around the world. Furthermore, this chapter also explains how the private and, more specifically, the corporate sector can influence overall poverty reduction.","PeriodicalId":151094,"journal":{"name":"Global Corporate Social Responsibility Initiatives for Reluctant Businesses","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115315618","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-3988-0.ch003
Several studies have been conducted to explore corporate social responsibility and its essence for the current world. The majority of the books and existing literature have presented the Western point of view of CSR; however, this chapter aims to explore corporate social responsibility from the viewpoint of Islam. The discussion reveals that Islamic corporate social responsibility provides a systemic framework of CSR practice, which is beneficial for everyone in the society. The core sustainability can be achieved as this in the form of social, economic, and environmental sustainability.
{"title":"Islam and Corporate Social Responsibility","authors":"","doi":"10.4018/978-1-7998-3988-0.ch003","DOIUrl":"https://doi.org/10.4018/978-1-7998-3988-0.ch003","url":null,"abstract":"Several studies have been conducted to explore corporate social responsibility and its essence for the current world. The majority of the books and existing literature have presented the Western point of view of CSR; however, this chapter aims to explore corporate social responsibility from the viewpoint of Islam. The discussion reveals that Islamic corporate social responsibility provides a systemic framework of CSR practice, which is beneficial for everyone in the society. The core sustainability can be achieved as this in the form of social, economic, and environmental sustainability.","PeriodicalId":151094,"journal":{"name":"Global Corporate Social Responsibility Initiatives for Reluctant Businesses","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125186685","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-3988-0.ch010
Corporate social responsibility is a management strategy implemented in companies throughout developing countries in Asia. In the forefront is China, which is now becoming a CSR global brand by impacting society and the environment. India is fast catching up to the race where business law forces business to invest in CSR practices. Pakistan and Bangladesh are now members of the global economy, and the industries in respective countries have realized that sustainability enhances their corporate image. The change in the emerging economies is from public awareness and accountability for corporate contribution to society. The chapter put forward the CSR practices by companies in Pakistan, India, Bangladesh, and China.
{"title":"CSR Practices in the Emerging Economies of Asia","authors":"","doi":"10.4018/978-1-7998-3988-0.ch010","DOIUrl":"https://doi.org/10.4018/978-1-7998-3988-0.ch010","url":null,"abstract":"Corporate social responsibility is a management strategy implemented in companies throughout developing countries in Asia. In the forefront is China, which is now becoming a CSR global brand by impacting society and the environment. India is fast catching up to the race where business law forces business to invest in CSR practices. Pakistan and Bangladesh are now members of the global economy, and the industries in respective countries have realized that sustainability enhances their corporate image. The change in the emerging economies is from public awareness and accountability for corporate contribution to society. The chapter put forward the CSR practices by companies in Pakistan, India, Bangladesh, and China.","PeriodicalId":151094,"journal":{"name":"Global Corporate Social Responsibility Initiatives for Reluctant Businesses","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121759921","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-3988-0.ch005
Financial institutions can make a substantial contribution to promoting the principles of sustainable development among their main stakeholders, namely portfolio investors and financial consumers. The challenges posed by climate change have led to the intensification of the financial innovation process and the emergence of new financial instruments such as green bonds and sustainability indices. Their success was due both to the involvement of international institutions that have developed various voluntary principles for companies and to portfolio investors who understood their role in the new context and bought new types of securities. Therefore, the efforts of both sides are bearing fruit in an environment in which confidence must be regained after the earthquake generated by the international financial crisis and the image crisis that financial institutions are facing.
{"title":"CSR on Financial Markets","authors":"","doi":"10.4018/978-1-7998-3988-0.ch005","DOIUrl":"https://doi.org/10.4018/978-1-7998-3988-0.ch005","url":null,"abstract":"Financial institutions can make a substantial contribution to promoting the principles of sustainable development among their main stakeholders, namely portfolio investors and financial consumers. The challenges posed by climate change have led to the intensification of the financial innovation process and the emergence of new financial instruments such as green bonds and sustainability indices. Their success was due both to the involvement of international institutions that have developed various voluntary principles for companies and to portfolio investors who understood their role in the new context and bought new types of securities. Therefore, the efforts of both sides are bearing fruit in an environment in which confidence must be regained after the earthquake generated by the international financial crisis and the image crisis that financial institutions are facing.","PeriodicalId":151094,"journal":{"name":"Global Corporate Social Responsibility Initiatives for Reluctant Businesses","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124261111","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-3988-0.ch001
This chapter aims to explain the phenomenon of internationalization of firms and companies in the current world. Furthermore, this chapter also explains the importance of the international process and its theoretical background. Furthermore, this chapter also discusses the nexus between corporate social responsibilities with internationalization and its overall essence. The chapter concludes that CSR is an essential pillar for the economic growth and expansion of every firm. The more CSR policies adopted by the companies, the more will be the companies' overall economic profits by directly or indirectly helping society.
{"title":"Firm Internationalization and Essence of CSR","authors":"","doi":"10.4018/978-1-7998-3988-0.ch001","DOIUrl":"https://doi.org/10.4018/978-1-7998-3988-0.ch001","url":null,"abstract":"This chapter aims to explain the phenomenon of internationalization of firms and companies in the current world. Furthermore, this chapter also explains the importance of the international process and its theoretical background. Furthermore, this chapter also discusses the nexus between corporate social responsibilities with internationalization and its overall essence. The chapter concludes that CSR is an essential pillar for the economic growth and expansion of every firm. The more CSR policies adopted by the companies, the more will be the companies' overall economic profits by directly or indirectly helping society.","PeriodicalId":151094,"journal":{"name":"Global Corporate Social Responsibility Initiatives for Reluctant Businesses","volume":"205 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133941523","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-3988-0.ch009
This chapter focuses on the analysis of the efforts made by the European Union authorities to encourage companies in the process of promoting sustainable development and involvement in various CSR actions. On the one hand, at the EU level, many regulations provide the general framework for the voluntary development of CSR programs. On the other hand, public institutions are involved in meeting sustainable development objectives set at the European and international levels. The tools are numerous, having a higher degree of adaptability depending on the company size, activities, and origin of the capital. Over time, the concerns of European institutions have intensified and have targeted not only the social responsibility of companies but also of public authorities, which through specific instruments can impose certain conduct on companies. The companies paid particular attention to ensure the communication of the actions taken and the results obtained with different categories of stakeholders.
{"title":"Is the European Union a Pole of Corporate Social Responsibility?","authors":"","doi":"10.4018/978-1-7998-3988-0.ch009","DOIUrl":"https://doi.org/10.4018/978-1-7998-3988-0.ch009","url":null,"abstract":"This chapter focuses on the analysis of the efforts made by the European Union authorities to encourage companies in the process of promoting sustainable development and involvement in various CSR actions. On the one hand, at the EU level, many regulations provide the general framework for the voluntary development of CSR programs. On the other hand, public institutions are involved in meeting sustainable development objectives set at the European and international levels. The tools are numerous, having a higher degree of adaptability depending on the company size, activities, and origin of the capital. Over time, the concerns of European institutions have intensified and have targeted not only the social responsibility of companies but also of public authorities, which through specific instruments can impose certain conduct on companies. The companies paid particular attention to ensure the communication of the actions taken and the results obtained with different categories of stakeholders.","PeriodicalId":151094,"journal":{"name":"Global Corporate Social Responsibility Initiatives for Reluctant Businesses","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132480404","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-3988-0.ch012
Businesses exist for the sole purpose of earning profit. The activities performed during business operations affects society and the economy. The effects depend on the resources used and the type of activity performed by the business organization. Due to public awareness and the United Nations 2030 sustainable vision, the society demands the organization act as a responsible corporate citizen. To ensure its responsibility, organizations strategize CSR initiatives and practices. The CSR practices compensate organizational, operational activities through which it earns premiums by consuming resources. The practices thus remove any doubt of its exploitation of resources. CSR practices and initiatives help to portrays the human side of the corporation. Companies, by their CSR practices, benefit the effected communities, which are affected by their business activities. Society uses the socioeconomic lens to gauge the impact of the company's CSR practice.
{"title":"Socioeconomic Benefits of CSR","authors":"","doi":"10.4018/978-1-7998-3988-0.ch012","DOIUrl":"https://doi.org/10.4018/978-1-7998-3988-0.ch012","url":null,"abstract":"Businesses exist for the sole purpose of earning profit. The activities performed during business operations affects society and the economy. The effects depend on the resources used and the type of activity performed by the business organization. Due to public awareness and the United Nations 2030 sustainable vision, the society demands the organization act as a responsible corporate citizen. To ensure its responsibility, organizations strategize CSR initiatives and practices. The CSR practices compensate organizational, operational activities through which it earns premiums by consuming resources. The practices thus remove any doubt of its exploitation of resources. CSR practices and initiatives help to portrays the human side of the corporation. Companies, by their CSR practices, benefit the effected communities, which are affected by their business activities. Society uses the socioeconomic lens to gauge the impact of the company's CSR practice.","PeriodicalId":151094,"journal":{"name":"Global Corporate Social Responsibility Initiatives for Reluctant Businesses","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115015098","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-3988-0.ch013
European companies are front runners for their CSR practices. The companies are transparent and remain consistent with achieving the 17 UN SDGs. The European society remains responsible and aware of its responsibility towards people and the planet. The CSR practices were started by European companies as early as the 1800s. The companies became more aware of the advent of industrialization, and the progress took giant leaps since the 1980s. The European government, business enterprises, and the public are well prepared to achieve the 17 UN SDGs compared to other countries. Besides progressing well in their region, European institutions and organizations also help others achieve the same by guiding and becoming role models. International Organization of Standards (ISO) and Business Social Compliance Initiative (BSCI) are European initiatives to provide compliances and systems for business organizations to achieve sustainability and social accountability (SA8000).
{"title":"CSR Practices in European Countries","authors":"","doi":"10.4018/978-1-7998-3988-0.ch013","DOIUrl":"https://doi.org/10.4018/978-1-7998-3988-0.ch013","url":null,"abstract":"European companies are front runners for their CSR practices. The companies are transparent and remain consistent with achieving the 17 UN SDGs. The European society remains responsible and aware of its responsibility towards people and the planet. The CSR practices were started by European companies as early as the 1800s. The companies became more aware of the advent of industrialization, and the progress took giant leaps since the 1980s. The European government, business enterprises, and the public are well prepared to achieve the 17 UN SDGs compared to other countries. Besides progressing well in their region, European institutions and organizations also help others achieve the same by guiding and becoming role models. International Organization of Standards (ISO) and Business Social Compliance Initiative (BSCI) are European initiatives to provide compliances and systems for business organizations to achieve sustainability and social accountability (SA8000).","PeriodicalId":151094,"journal":{"name":"Global Corporate Social Responsibility Initiatives for Reluctant Businesses","volume":"146 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123780189","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-3988-0.ch004
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.
{"title":"Corporate Social Responsibility and the Fourth Industrial Revolution","authors":"","doi":"10.4018/978-1-7998-3988-0.ch004","DOIUrl":"https://doi.org/10.4018/978-1-7998-3988-0.ch004","url":null,"abstract":"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.","PeriodicalId":151094,"journal":{"name":"Global Corporate Social Responsibility Initiatives for Reluctant Businesses","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127563294","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-3988-0.ch008
Sustainable development is a continuous and very complex process, which is why it requires considerable effort from different categories of stakeholders. Given the primary focus of companies on profit maximization, international or regional organizations have had various initiatives to promote the principles of sustainable development and create a general framework for CSR. These initiatives have taken various forms such as the Global Compact Principles for companies or portfolio investors. Most such initiatives imply the voluntary involvement of companies or other entities in promoting social responsibility through specific mechanisms. The impact of these initiatives is appreciable considering that various entities, like transnational companies, SMEs, universities, or portfolio investors, have been involved in the process of promoting sustainable development. The launch of the Sustainable Development Goals has generated an even more intense involvement of the United Nations, the principles of the Global Compact being a tool to promote these goals internationally.
{"title":"International Initiatives Regarding CSR","authors":"","doi":"10.4018/978-1-7998-3988-0.ch008","DOIUrl":"https://doi.org/10.4018/978-1-7998-3988-0.ch008","url":null,"abstract":"Sustainable development is a continuous and very complex process, which is why it requires considerable effort from different categories of stakeholders. Given the primary focus of companies on profit maximization, international or regional organizations have had various initiatives to promote the principles of sustainable development and create a general framework for CSR. These initiatives have taken various forms such as the Global Compact Principles for companies or portfolio investors. Most such initiatives imply the voluntary involvement of companies or other entities in promoting social responsibility through specific mechanisms. The impact of these initiatives is appreciable considering that various entities, like transnational companies, SMEs, universities, or portfolio investors, have been involved in the process of promoting sustainable development. The launch of the Sustainable Development Goals has generated an even more intense involvement of the United Nations, the principles of the Global Compact being a tool to promote these goals internationally.","PeriodicalId":151094,"journal":{"name":"Global Corporate Social Responsibility Initiatives for Reluctant Businesses","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116052738","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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