Corporate social responsibility (CSR): is it enough for sustainable development?

Corporate Social Responsibilty (CSR) has become a buzword al over the world. A company can distinguish it from others through CSR and we se that wel-known companies actualy not only diferentiate their brands and reputations but also their products and services taking care of the societies and envi...

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Main Authors:	Haneef, Mohamed Aslam, Khan, Foyasal
Format:	Conference or Workshop Item
Language:	English English
Published:	2014
Subjects:	H Social Sciences (General)
Online Access:	http://irep.iium.edu.my/41888/ http://irep.iium.edu.my/41888/ http://irep.iium.edu.my/41888/1/Programme_ICCI_2014.pdf http://irep.iium.edu.my/41888/6/CSR.pdf

id	iium-41888
recordtype	eprints
spelling	iium-418882015-07-09T01:48:16Z http://irep.iium.edu.my/41888/ Corporate social responsibility (CSR): is it enough for sustainable development? Haneef, Mohamed Aslam Khan, Foyasal H Social Sciences (General) Corporate Social Responsibilty (CSR) has become a buzword al over the world. A company can distinguish it from others through CSR and we se that wel-known companies actualy not only diferentiate their brands and reputations but also their products and services taking care of the societies and environments where they operate. Some influential Islamic scholars also find significant similarities of Islamic teaching on busines ethics to the CSR agenda. So, conclusion can be drawn that CSR is immensely helpful to atain sustainable growth and development. However, CSR is not above criticism and now being criticized because of its absence of any generaly acepted common framework and indulging in many activities in the name of CSR rather than activities that truly addres society’s presing neds such as poverty aleviation, income gap minimization, employment generation, basic ned fulfilment etc. in this situation it is pertinent to ask whether CSR is enough for sustainable development or is it necesary to go beyond CSR. This paper argues that CSR is important but there is a spectrum of ethical options beyond CSR. Besides CSR, this paper discuses the concept of corporate waqf in Malaysia and Social Busines (SB) developed by Nobel Laureate Mohammad Yunus as two posible options. This paper wil criticaly evaluate thre models of social responsibilities i.e., CSR, Social busines, and Corporate Waqf. Necesary case studies wil be placed in support of our arguments and it wil be shown why is it necesary to go beyond CSR and pay atention to alternative in order to achieve sustainable growth and development with greater justice. 2014 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/41888/1/Programme_ICCI_2014.pdf application/pdf en http://irep.iium.edu.my/41888/6/CSR.pdf Haneef, Mohamed Aslam and Khan, Foyasal (2014) Corporate social responsibility (CSR): is it enough for sustainable development? In: 2nd International Conference on Creativity and Innovation for Sustainable Development (IICI 2014), 20th -22nd October 2014, Conference Room (Level 5 , KICT) International Islamic University Malaysia. (Unpublished) http://www3.iium.edu.my/irkhs/icci2014/?Program
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Haneef, Mohamed Aslam Khan, Foyasal Corporate social responsibility (CSR): is it enough for sustainable development?
description	Corporate Social Responsibilty (CSR) has become a buzword al over the world. A company can distinguish it from others through CSR and we se that wel-known companies actualy not only diferentiate their brands and reputations but also their products and services taking care of the societies and environments where they operate. Some influential Islamic scholars also find significant similarities of Islamic teaching on busines ethics to the CSR agenda. So, conclusion can be drawn that CSR is immensely helpful to atain sustainable growth and development. However, CSR is not above criticism and now being criticized because of its absence of any generaly acepted common framework and indulging in many activities in the name of CSR rather than activities that truly addres society’s presing neds such as poverty aleviation, income gap minimization, employment generation, basic ned fulfilment etc. in this situation it is pertinent to ask whether CSR is enough for sustainable development or is it necesary to go beyond CSR. This paper argues that CSR is important but there is a spectrum of ethical options beyond CSR. Besides CSR, this paper discuses the concept of corporate waqf in Malaysia and Social Busines (SB) developed by Nobel Laureate Mohammad Yunus as two posible options. This paper wil criticaly evaluate thre models of social responsibilities i.e., CSR, Social busines, and Corporate Waqf. Necesary case studies wil be placed in support of our arguments and it wil be shown why is it necesary to go beyond CSR and pay atention to alternative in order to achieve sustainable growth and development with greater justice.
format	Conference or Workshop Item
author	Haneef, Mohamed Aslam Khan, Foyasal
author_facet	Haneef, Mohamed Aslam Khan, Foyasal
author_sort	Haneef, Mohamed Aslam
title	Corporate social responsibility (CSR): is it enough for sustainable development?
title_short	Corporate social responsibility (CSR): is it enough for sustainable development?
title_full	Corporate social responsibility (CSR): is it enough for sustainable development?
title_fullStr	Corporate social responsibility (CSR): is it enough for sustainable development?
title_full_unstemmed	Corporate social responsibility (CSR): is it enough for sustainable development?
title_sort	corporate social responsibility (csr): is it enough for sustainable development?
publishDate	2014
url	http://irep.iium.edu.my/41888/ http://irep.iium.edu.my/41888/ http://irep.iium.edu.my/41888/1/Programme_ICCI_2014.pdf http://irep.iium.edu.my/41888/6/CSR.pdf
first_indexed	2023-09-18T20:59:51Z
last_indexed	2023-09-18T20:59:51Z
_version_	1777410550444064768

Corporate social responsibility (CSR): is it enough for sustainable development?

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