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Trends in CSR Practices in Developed and Developing Countries

In: CSR in Private Enterprises in Developing Countries

Author

Listed:
  • Nakib Muhammad Nasrullah

    (University of Dhaka)

  • Mia Mahmudur Rahim

    (Queensland University of Technology)

Abstract

Increasingly, companies around the world are integrating CSR as a business strategy into their policies and practices. There are many factors at play augmenting the increased awareness of CSR. From the absolute business point of view, the need to protect brand image and reputation of business act as a driving force for companies to apply CSR. At the international level, the various NGOs, multi-stakeholder forums, and intergovernmental CSR initiatives through adopting voluntary codes of conduct and other partnership and networking activities appear to be instrumental in establishing and promoting CSR as an integral part of corporate business. At the national level, corporations are adopting CSR as a policy-matter of the business in response to the rising demands of different stakeholders’ interests, competition for access into global markets, and importantly satisfying the social needs.

Suggested Citation

  • Nakib Muhammad Nasrullah & Mia Mahmudur Rahim, 2014. "Trends in CSR Practices in Developed and Developing Countries," CSR, Sustainability, Ethics & Governance, in: CSR in Private Enterprises in Developing Countries, edition 127, chapter 0, pages 41-74, Springer.
    • Handle: RePEc:spr:csrchp:978-3-319-02350-2_3
    DOI: 10.1007/978-3-319-02350-2_3
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