A Comparative Analysis of Global Perspective and Implications of Corporate Social Responsibility

  • Dr. Deepa Shrivastava
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  • Dr. Deepa Shrivastava

    Senior Assistant Professor at Department of Law, Prestige Institute of Management and Research, Indore, India

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Abstract

“Business is part of society, and how it reacts to expectations should not be as a response to an external force but as a response to forces which it is part and parcel of.”- Lord Holme (Bourne 1999) It is generally believed that sustainable development is development that "meets the needs of the present without compromising the ability of future generations to meet their own needs". Academic and business professionals have acknowledged the importance of sustainable development and the integration of sustainability into organisational business processes. Many nations join together to debate a wide range of topics at the international level. One of the topics is social responsibility, a subject on which conferences are held all around the world. Not only is corporate social responsibility extended to India, but the idea is widely recognised on a global scale. Other nations also practise corporate social responsibility in their own unique ways. There is a need to discuss the global viewpoint on corporate social responsibility for other corporate social responsibility practicing nations like France, Germany, Singapore, Malaysia, South Africa, Netherland UK and in Sweden. This research paper investigates the nations which are engaged in Corporate Social Responsibility activities in order to determine whether these provisions are applicable in nations other than India. The main aim of this study is to better understand how policies in different countries integrate sustainable business and social cooperation. It is an attempt to contribute to research by examining the integration of Corporate Social Responsibility and corporate sustainability.

Type

Research Paper

Information

International Journal of Law Management and Humanities, Volume 6, Issue 4, Page 298 - 310

DOI: https://doij.org/10.10000/IJLMH.115370

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