Corporate Social Responsibility and Sustainable Development: Social Capital and Corporate Development in Developing Economies, 1st Edition (Hardback) book cover

Corporate Social Responsibility and Sustainable Development

Social Capital and Corporate Development in Developing Economies, 1st Edition

By Risa Bhinekawati


236 pages | 20 B/W Illus.

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Many different companies can significantly contribute to the integrated goals and targets of the United Nations’ sustainable development goals, such as poverty reduction by 2030. Poverty is not only about people living on less than $1.25 per day, but more fundamentally, it is their lack of capabilities and access to participate in productive economic activities. If companies can contribute in order to provide access and the necessary skills, then individuals will have the capabilities to achieve their aspirations, including earning a higher income.

Corporate Social Responsibility and Sustainable Development supports Sen’s assertions that poverty can be alleviated if the capability of individuals is improved. Beyond that, this book shows that sustainable development goals can be achieved when the company’s CSR programs and social capital development in improving people’s capabilities are combined with necessary finance access and market access for the poor. The theoretical model developed from the journey of Astra International, one of the largest public-listed companies in Indonesia, is replicable for other companies aspiring to be sustainable in developing countries. The model shows a virtuous cycle between the corporate aim, CSR programs, social capital and corporate sustainability.

This volume is of great value to academics, practitioners and policy makers interested in the themes of CSR, social capital and sustainable development of developing countries. It also appeals to professionals in industry associations, development agencies and international organizations, as well as NGOs that are concerned with the achievement of sustainable development goals by 2030.

Table of Contents


List of figures

List of tables

Foreword by David Crowther


List of acronyms and abbreviations

1 Introduction: corporations and sustainable development goals

Roles of companies in developing countries

Lessons from a responsible company in a developing country

Implications for sustainable development goals

Structure of the book


2 Corporate social responsibility and sustainable development in developing countries

Sustainable development issues in developing countries

Extended roles of companies in developing countries

The concept of corporate social responsibility

Strategic corporate social responsibility (CSR)

The importance of stakeholder management in strategic CSR

CSR in developing countries



3 Social capital and corporate sustainability in developing countries

Social capital as a form of capital

Defi nitions of social capital

Bonding, strong ties, bridging, weak ties and structural holes

Social capital investment

Benefi ts from social capital investment to corporate sustainability



4 Theoretical linkages between sustainable development, corporate social responsibility, social capital and corporate sustainability

Theoretical framework

Research objectives, research gaps and research questions


5 Research approach

Considerations for qualitative case study

Research sampling and unit of analysis

Data collection and data management

Data storage and management

Data reduction and data displays

Data analysis

Discussions and drawing conclusions

Issues of qualitative case study


6 Indonesia, a very large developing country

Why Indonesia?

The roles of companies and CSR in Indonesia

Mandatory CSR but lack of government law enforcement

Research and knowledge gap on CSR in Indonesia


7 Astra, one of the largest companies in Indonesia

Why Astra?

The journey from small business to very large public company

CSR as a strategic business investment

CSR and corporate self-regulation

CSR and stakeholder management

Taking lessons from Astra’s strategic CSR programs


8 Empowering micro and small enterprises to build supply chain and prosperity

MSMEs and poverty alleviation in Indonesia

Evolution of the company’s MSME program

Sustainable development and the MSME development program

The MSME program formulation and implementation

The MSME program and social capital development

Social capital and corporate sustainability



9 Developing vocational education to secure skilled workers

Vocational education and lack of skilled workers in Indonesia

Evolution of the company’s vocational education program

Sustainable development and vocational education program

Vocational education program formulation and implementation

Vocational education program and social capital development

Social capital and corporate sustainability



10 Eradicating poverty by empowering smallholder farmers

Palm oil plantations and sustainable development challenges in Indonesia

Public roles of a palm oil company in sustainable development

An overview of the company’s CSR program surrounding its palm oil plantations

Evolution of the company’s CSR program in palm oil plantations

Sustainable development and empowerment of smallholder farmers

Smallholder program formulation and implementation

Smallholder farmers’ program and social capital development

Social capital and corporate sustainability



About the Author

Risa Bhinekawati is a corporate sustainability advisor and a lecturer who is very passionate about improving sustainable development in developing countries. She is now a lecturer at Podomoro University, Indonesia, and also serves as an Advisory Board Member of Women in Global Business, Indonesian Chapter.

About the Series

Finance, Governance and Sustainability

Challenges to Theory and Practice

Today’s developments within the field of sustainability and governance appeal to a growing audience in many aspects. While there are many studies on governance and finance, the focus to include sustainability is missed. The convergence between these three fields, Finance, Governance, and Sustainability, has a high potential for solutions providing a wider perspective to the issues and barriers encountered in sustainability. The aim of the Finance, Governance and Sustainability: Challenges to Theory and Practice series, edited by Güler Aras, is to fill this gap by bringing together the recent developments at the intersection of these three fields.

This series shares the studies of academics, researchers, entrepreneurs, policy makers and government officers aiming to contribute to the progress and overcome the emerging barriers in sustainability. In addition, the linkage of the series’ studies, to the newly established Center for Finance, Corporate Governance and Sustainability, will provide the most current research and debate in this field along with a global perspective.

The series combines strong conceptual analysis, with wide ranging empirical focus, and a wealth of case material. Also included are summary points, suggestions for further reading, web resources, and an extensive bibliography. The level of presentation is for graduate students, academics, as well as policy and decision-makers around the world.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Corporate Finance
BUSINESS & ECONOMICS / Development / Economic Development
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / Workplace Culture
BUSINESS & ECONOMICS / Environmental Economics
BUSINESS & ECONOMICS / Organizational Development
BUSINESS & ECONOMICS / Corporate Governance
BUSINESS & ECONOMICS / Women in Business