Corporate Social Responsibility and Sustainable Development

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.

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.

ContentsList of figures List of tables Foreword by David Crowther Acknowledgements 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 References 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 Conclusion References 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 Conclusion References 4 Theoretical linkages between sustainable development, corporate social responsibility, social capital and corporate sustainability Theoretical framework Research objectives, research gaps and research questions References 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

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