The paper "Achieving the Sustainable Development Goals" is a wonderful example of ana assignment on management. The concept of corporate social responsibility (CSR) has grown in popularity across the world and is mostly used in the business community. It has taken the character of strategic plans that benefit the community, environment, and stakeholders. Corporate social responsibility enables an organization to respond swiftly to the needs of the community in form of economic, social, and environmental challenges. Companies that employ CSR often enhance their image and reputation in the eye of the public, which may result in high profitability.
Nevertheless, despite the benefits that come with CSR, the establishment of this initiative requires coordinated action from the stakeholders in order to be able to attain sustainable development results. The debate of the issue of corporate social responsibility has gained status over the last decades. CSR is not just beneficial for the organization but is critical and valuable for the people and the planet. A lot of discussions have been centered on this concept and evidences has established that corporate social responsibility is in harmony with sustainable development.
Firms that have adopted CSR add value to society by aggregating the human capital of stakeholders and the social capital of the community. This essay will discuss the role of corporate social responsibility in achieving sustainable development goals. Liberalization and globalization have divided the world and has resulted in an imbalance between development and sustainability. Research suggests that the world has become a dangerous place to live in due to unsustainable human practices. To solve this problem, the concept of sustainable development has developed.
Sustainable development may be interpreted differently but is a process of balancing different and conflicting needs against an awareness of the economic, social, and environmental challenges facing the community. It “ involves an ethical dimension of the fairness of trade-off between current economic pressure and future needs on the environment. ” On the other hand, corporate social responsibility can be defined as the commitment of companies to contribute to the societal development by taking care of the needs of the environment, community, and stakeholders.
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