Corporate Social Responsibility: A SLR Approach

Abstract

ABSTRACT

This paper explores the intricate relationship between Corporate Social Responsibility (CSR), legal obligations, and ethical expectations in contemporary business practices. It highlights the growing recognition of CSR as a strategic imperative for companies, emphasizing that stakeholders—including governments, shareholders, and communities—demand not only compliance with legal frameworks but also proactive ethical behavior. The study outlines the evolution of CSR, tracing its development from a mere compliance requirement to an integral part of corporate strategy, influenced by factors such as legislation, consumer expectations, and environmental concerns. It delineates the legal frameworks governing CSR, noting the disparities across nations and the significance of international standards. Furthermore, the paper addresses the challenges corporations face in balancing legal compliance with ethical goals, emphasizing the need for a robust ethical culture within organizations. The findings suggest that successful CSR initiatives are essential for long-term competitiveness and sustainability, as they foster trust and enhance corporate reputation. The paper concludes by discussing future trends in CSR, including the increasing importance of sustainability and the role of technology in enhancing corporate accountability.

Keywords: Corporate Social Responsibility, Legal obligations, Ethical expectations, Stakeholder engagement, Business strategy, Sustainability, Compliance, International standards, Corporate reputation, Ethical culture.