1st Edition
Corporate Social Responsibility in the Global Business World A Conceptual, Regulatory, and Illustrative Framework
Now more than ever, there is a growing importance for companies to ramp up their focus on social responsibility. An effective CSR program can have a positive impact on companies, employees, and consumers. This new volume, Corporate Social Responsibility in the Global Business World: A Conceptual, Regulatory, and Illustrative Framework, covers the parameters of corporate social responsibility around the world, elucidating the concepts, evolution, cultural dimensions, key areas, and disclosure and reporting methods and how CSR is being considered and implemented across the globe. The book also offers a future outlook for CSR.
The book begins with a thorough introduction to CSR, covering its meaning and definition along with the principles of CSR for effective implementation, its inherent benefits, and its challenges. It goes on to cover the status of CSR in emerging economies with the emphasis on emerging trends in corporate governance, reporting, indexing, and certification. The volume considers the evolution of CSR from voluntary to mandatory along with the underlining advantages and disadvantages while also giving comparisons of CSR in developed versus developing nations. The book looks at the regulations and legislation around the world pertaining to CSR, such as universal GRI standards and legislative framework of countries like UK, USA, India, Germany, France, Canada, China, and Indonesia that have been sketched out covering expenditures, disclosure, and reporting obligations.
The authors share case studies of implemented CSR projects, initiatives, and practices, highlighting several societal and environmental issues either through stakeholder relations and collaborations with NGOs or agencies or by adhering to government regulations for CSR compliance.
This book provides a valuable overview of CSR and how effective implementation can lead to a corporation’s contribution to worldwide and regional sustainability and the well-being of society and the environment.
1. Conceptual Framework of Corporate Social Responsibility
2. The Genesis and Evolution of Corporate Social Responsibility
3. Conduct CSR’s Journey from Voluntary to Mandatory
4. Culture of the Nation and CSR: A Directional Paradigm
5. Regulatory Framework of Corporate Social Responsibility across the World
6. CSR in Developed and Developing Nations
7. CSR Disclosure and Reporting Around the World
8. Areas of Corporate Social Responsibility: Within and Beyond the Purview of the Regulations
9. The Future of Corporate Social Responsibility
10. Excerpts of Companies Worldwide Engaged in CSR Activities
Biography
Meenu Maheshwari, PhD, is Associate Professor of Commerce and Management at the University of Kota, Rajasthan, India. An executive member of the Indian Accounting Association, she has published and presented many research papers and has published 15 books, including two reference books. She has organized roundtable discussions, seminars, and webinars and has been invited as a keynote speaker at several national and international seminars.
Ashok Kumar Gupta, PhD, was Principal at the J.D.B. Government Arts Girls College, University of Kota, India, as well as a lecturer and Associate Professor at Government Commerce College, Kota, and Associate Professor at Government Girls College, Pali, India. Dr. Gupta is President of the Indian Accounting Association, Kota Branch. His published work includes over 50 research articles and over 30 book chapters. He has presented research papers at conferences, seminars, and webinars.
Pragya Gaur is a Senior Research Fellow at Government Commerce College, Kota, and has also served as a guest faculty at the University of Kota, India. She is NET-JRF qualified and has an Mcom degree and is currently carrying out her doctoral research in corporate social responsibility. She has published research articles and has presented several research papers at national and international conferences, seminars, and
webinars.
Nupur Tiwari is a Senior Research Scholar in the Department of Commerce and Management at the University of Kota, Rajasthan, India. She is NET-JRF qualified and has an MCom degree and is presently carrying out her doctoral research in corporate reporting. She has articles and book chapters and has presented several research papers at national and international conferences, seminars, and webinars.
Shobhna Goyal, PhD, MBA, is Head of the Department and Assistant Professor of Commerce at Aggarwal College, Ballabgarh, India. With over 20 years of teaching experience, she has authored/edited books and papers published in national and international journals. She has also presented papers at national and international conferences.
<b><i> “This book is significant in terms that it conceptualizes CSR from the east and west of numerous industries and nations, illustrating that, even in difficult economic times, more and more firms are adopting the principles and ethos of CSR because it is the right thing to do. Many chapters in this book address this with detailed examples of CSR behavior across the globe. . . . Expressively and lucidly written.” </b> </i>
—From the Foreword by Prof. Nageshwar Rao, Vice Chancellor, Indira Gandhi National Open University, India
<b> <i>“Will prove a milestone in the journey of CSR from ethics to responsibility, voluntary to mandatory, and a movement from millennium development goals to sustainable development goals. It is a comprehensive work that includes not only the basics but also CSR practices undertaken by global business tycoons. Case studies from all through the world has made the work more impeccable.” </b></i>
—CMA (Dr.) Balwinder Singh, Chairman, Cost Standards Board Accounting, The Institute of Cost Accountants of India
<b> “Encompasses the several facets of CSR, exhaustively covering the parameters like concepts, genesis, evolution, cultural dimension, regulations, disclosure, reporting, key-focused areas, future outlook, and case studies. It is significant in terms that it conceptualizes CSR throughout the world, demonstrating the adoption of practices discharging the social obligations of the business and the country as a whole. An integrative approach has been observed to be adopted as it has covers a wide array of information in the context of CSR . . . A comprehensive guide to the profound picture of the social responsibility prevailing across the globe.” </b></i>
—Prof. Kailash Sodani, Former Vice Chancellor, Maharshi Dayanand Saraswati University, Ajmer, Rajasthan, India; Govind Guru Tribal University, Banswara, Rajasthan, India
