Achieving Sustainable Development through Corporate Social Responsibility: Theoretical Exposition

Abstract

This study uses phenomenological approach to examine how sustainable
development can be achieved through corporate social responsibility
initiatives. The phenomenological approach provides a philosophical and
introductory background on the relationship between corporate social
responsibility (CSR) and sustainable development. The extensive review of
literature through desk research further provides insights on various
definitions of corporate social responsibility (CSR), the factors behind the
emergence of CSR, mode of delivery of CSR and relevant theories that
underpin CSR. The study concludes that corporate social responsibility is
inevitable because of the ever growing concern about sustainable
development and investors on issues of company responsibility. The study
advocates the enshrinement of the CSR philosophy in all organizations in
order to achieve a sustainable development.