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Fostering sustainable development: a corporate social responsibility approach.

Osobajo, Oluyomi A.; Ajide, Olushola E.; Otitoju, Afolabi

Authors

Oluyomi A. Osobajo

Olushola E. Ajide

Afolabi Otitoju



Abstract

Corporate social responsibility (CSR) is the sacrificing of profits in the social interest of the public for sustainable management in an economical, ecological and social manner. It is the use of assets responsibly to create a competitive advantage and promote sustainable development. It is a series of interventions by companies to ameliorate externalized impact or the avoidance of conflicts. This article argues that CSR could be used as a tool for the attainment of sustainable development in the global south. Our aim is that companies should understand the critical role that CSR could play and adopt a corporate strategy that would use CSR to advance and enhance the value of the organization, thereby positively to impact the society.

Journal Article Type Article
Publication Date Aug 29, 2019
Journal Journal of Management and Sustainability
Print ISSN 1925-4725
Electronic ISSN 1925-4725
Publisher Canadian Center of Science and Education
Peer Reviewed Peer Reviewed
Volume 9
Issue 2
Pages 62-72
Institution Citation OSOBAJO, O.A., AJIDE, O.E. and OTITOJU, A. 2019. Fostering sustainable development: a corporate social responsibility approach. Journal of management and sustainability [online], 9(2), pages 62-72. Available from: https://doi.org/10.5539/jms.v9n2p62
DOI https://doi.org/10.5539/jms.v9n2p62
Keywords Corporate social responsibility; Sustainable development; Corporations; Oil and gas; Niger Delta; Nigeria

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