Does CSR Contribute to Sustainable Development? What a Régulation Approach Can Tell Us

Abstract

International audienceWe argue that corporate social responsibility depends on two distinct stylized facts concerning régulation and power. The first\textemdashinstitutional CSR\textemdashis institutional in nature, the other\textemdashstrategic CSR\textemdashis economic and productive. The former permits and stabilizes the latter, which in turn gives rise to political compromises structuring institutional mechanisms. CSR strategies and institutions correspond to a private, oligopolistic régulation which shows no signs of being able to pursue a sustainable development regime

Corporate Social Responsibility and Sustainable Development in China: Current Status and Future Perspectives

“…In this sense, CSR in China could now be called 'political CSR'. Companies in general see social spending as primarily a cost to be reduced rather than embraced [6], so are Chinese companies. Stuck between political CSR and economic motivation, many companies across the world have decided to take a strategic CSR approach; that is, to relate CSR activities to the company's core business through adherence to CSR codes and the implementation of social and environmental management systems.…”

“…It is used by the company owners (institution leaders) as defensive measures designed to head-off societal criticism of a company's social, economic, and environmental irresponsible behaviour. Because of its defensive, political, and economic nature, CSR has been criticized by Lamarche and Bodet [6] as showing no signs of being able to help achieve SD.…”

Corporate social responsibility and accountability: a new theoretical foundation for regulating CSR

“…This way we identify legal responsibilities and the corresponding moral responsibilities in a more concreate fashion enabling a framework for CSR regulation to be put in place. 2 CSR has for most part remained voluntary (Carroll and Shabana, 2010;Aguinis & Glavas 2012;Dentchev et al 2015;Dentchev et al 2017;Lamarche & Bodet, 2018;Agudelo et al 2019) and relied on self-regulation through codes of conduct with the decision to comply with the codes of conduct firmly within the forte of corporations (Bondy et al 2008). It allows corporations flexible implementation and evaluation of the codes of conduct based on their choices (Bondy et al 2008).…”

“…Consequently, CSR lacks legal accountability for non-performance of social obligations by companies. This has steered CSR as a tool to advance strategic interests than as a required obligation for a company (Carroll and Shabana 2010;Shiu & Yang, 2017;Lamarche & Bodet, 2018).…”

Corporate Reputation Management Practice and Organisational Performance of Deposit Money Banks in Delta State

“…Corporate social responsibility refers to the duties that a business must fulfill in order to improve its operations and organisational reputation (Malik, Ali & Ishfaq, 2015;Liang & Renneboog, 2016). CSR was defined by ISO 26000 as the organization's lawful responsibility for the effects of its operations and decisions on society through transparent and moral organisational practises that support sustainable development (Lamarche & Bodet, 2016;Wang, Feng & Lawton, 2017). These activities, which are widely acknowledged to be in accordance with the accepted standards and practices of sustainable development, include the welfare of its employees and the wellbeing of its stakeholders, both internal and external (Geiger & Cuzzocrea, 2017;Orlitzky, Louche, Gond & Chapple, 2017).…”