Open AccessHow corporate social responsibility from consumer goods industries in Indonesia contributes to sustainable development
Author(s) -
Muchtazar,
Teuku Yuri M. Zagloel,
Hayati Sari Hasibuan
Publication year - 2021
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/716/1/012095
Subject(s) - corporate social responsibility , leverage (statistics) , business , sustainable development , scope (computer science) , industrialisation , fast moving consumer goods , implementation , sustainability , social responsibility , industrial organization , marketing , economics , public relations , market economy , political science , engineering , computer science , law , biology , programming language , ecology , software engineering , machine learning
Corporate Social Responsibility (CSR) has been developed since the 1950s as an effort to leverage the positive impacts of industrialization on society. CSR is aimed to support sustainable development, which consists of the dimensions of economic, social, environmental, and institutional aspects, and recently to help the achievement of Sustainable Development Goals (SDGs), although the real contribution from CSR to SDGs is still much unknown till today. This research aims to bridge this knowledge gap by conducting a literature study to investigate the focuses and preferences of 51 publicly listed consumer goods industries in Indonesia on their CSR initiatives. The selection of the consumer goods sector is due to the nature of these industries which usually having conflicts with local communities and customers, which can be reduced through CSR implementation. The results suggest that there are imbalanced implementations of CSR from consumer goods industries in the term of scope and target which could be addressed by the policymakers through a better regulatory framework.