Balancing Environmental Preservation and Economic Interests: Building Corporate Social Responsibility in the Era of Sustainable Development

Monica Puspa Dewi Suganda Putri, Yuris Tri Naili, Aga Natalis

Resumo


This study examines the implementation of Corporate Social Responsibility (CSR) in Indonesia within sustainable development, specifically focusing on the delicate balance between environmental preservation and economic interests. While CSR represents a company's commitment to ethical behaviour and its positive contributions to society and the economy, its execution in Indonesia encounters challenges and shortcomings, particularly in achieving a harmonious integration of economic, social, and environmental aspects. Employing a Socio-Legal approach, this study explores CSR's legal and social dimensions. The findings indicate that formalising CSR as a legal obligation may undermine the intrinsic values of morality and environmental ethics that underpin CSR. Companies often view CSR solely as a financial burden that can impede their profitability. Consequently, it is imperative to re-conceptualise CSR frameworks prioritising sustainability and balancing environmental and economic interests. After evaluating numerous perspectives and evidence, corporate social responsibility in sustainable development requires balancing environmental preservation and commercial objectives. Companies must make money and reduce their environmental and social effect. Businesses can demonstrate corporate social responsibility by decreasing waste and emissions, employing renewable energy, and investing in local communities. This can boost consumer loyalty, reputation, and long-term profits. Companies must prioritize sustainability and work towards an egalitarian and sustainable future.

Palavras-chave


Corporate Social Responsibility, Sustainable Development, Environment, Economic Interests, Socio-Legal, Active Participation

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Referências


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DOI: https://doi.org/10.5102/rdi.v21i3.9324

ISSN 2236-997X (impresso) - ISSN 2237-1036 (on-line)

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