THE ROLE OF ‘CORPORATE SOCIAL RESPONSIBILITY’ (CSR) IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS (SDGS)

Authors

  • Piyush Agnihotri Research Scholar, Amity Law School, Amity University Uttar Pradesh (Lucknow Campus)
  • Dr. Shova Devi Assistant Professor, Amity Law School, Amity University Uttar Pradesh (Lucknow Campus)

DOI:

https://doi.org/10.29121/shodhkosh.v5.i6.2024.4914

Keywords:

Corporate Social Responsibility (Csr), Sustainable Development Goals (Sdgs), Sustainability, Stakeholder Engagement, Corporate Governance

Abstract [English]

Corporate Social responsibility (CSR) promotes long-term value creation for business and society by looking at corporate interactions across important areas of Sustainable Development Goals (SDGs) and including major zones like- gender equality, education, poverty alleviation, climate action etc. Although, CSR has played a significant role in encouraging sustainable business practices, concerns about corporate greenwashing, a lack of accountability, and uneven regulatory frameworks frequently cast doubt on the practice's efficacy. By separating true sustainability-driven initiatives from profit-driven branding, this analysis explores the strategic objectives underlying corporate social responsibility. It also assesses, how corporate governance, stakeholder involvement, and public-private partnerships contribute to CSR's alignment with sustainable development goals.

References

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Tesla Inc., Impact Report 2022 (2022)

Unilever, Sustainable Living Plan Report (2020)

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Sustainable Energy Solutions (2023) DOI: https://doi.org/10.31706/jees23120023

Organisation for Economic Co-operation and Development (OECD), Responsible Business Conduct (2021).

The Companies Act, 2013, No. 18, Acts of Parliament, 2013 (India).

Ministry of Corporate Affairs, CSR Policy Rules and Amendments, Government of India (2021)

Global Reporting Initiative, GRI Standards, (2022)

Income Tax Act, 1961, Sec. 80G, Government of India.

TerraChoice, The Seven Sins of Greenwashing (2010).

Centre for Budget and Governance Accountability (CBGA), CSR Spending in India: Trends and Analysis (2021).

Downloads

Published

2024-06-30

How to Cite

Agnihotri, P., & Devi, S. (2024). THE ROLE OF ‘CORPORATE SOCIAL RESPONSIBILITY’ (CSR) IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS (SDGS). ShodhKosh: Journal of Visual and Performing Arts, 5(6), 1610–1620. https://doi.org/10.29121/shodhkosh.v5.i6.2024.4914