Corporate Social Responsibility in the Workplace Bahaviour and Business Practices

Abstract

Undoubtedly, economics activities result in environmental harm and the exhaustion of the Earth's natural resources. In the midst of the chaos, Corporate Social Responsibility (CSR) emerges as a possible solution to hold firms accountable for the environmental impacts of their activities and to mandate them to allocate a portion of their earnings to stakeholders. This paper addresses the increasing need for international corporate social responsibility (CSR) laws to act as a mechanism for regulating the immediate and long-term environmental impacts of company activities. This filter is expected to constantly influence the strategies businesses use to achieve their objectives. The research study utilized a phenomenological technique to examine the harmful environmental impacts of corporate activities. This was done through a qualitative review of books, journals, and media sources. The findings support the idea of implementing a comprehensive worldwide approach to Corporate Social Responsibility (CSR), which requires the establishment of global regulation and enforcement by a global institution like the United Nations. This method is expected to protect countries with insufficient corporate governance, where government officials frequently succumb to the temptation of multinational firms attempting to evade accountability for regulatory breaches.