Modern Economy

Volume 13, Issue 3 (March 2022)

ISSN Print: 2152-7245   ISSN Online: 2152-7261

Google-based Impact Factor: 0.74  Citations  h5-index & Ranking

Making CSR and Sustainable Development Financially Effective
—The Business Case for CSR in Saudi Financial Social Practice

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DOI: 10.4236/me.2022.133025    231 Downloads   1,246 Views  

ABSTRACT

This research argues that the legislative context of CSR strategies should be managed by the relevant Saudi government authority so that specific functions, objectives, etc., can be identified. Since Saudi Arabia began accepting aspects of the sustainable development agenda and the UN goals (SDGs) in 2015, much of the focus is now on CSR and how to address the current global challenges in any future development projects, not just charitable societies and philanthropic associations. This research looks at the relationship between CSR and non-profit governmental organisations in Saudi Arabia. This research concentrates on the national regulations for Saudi corporations concerning CSR. This research aims to use examples from other regulations and implementations of CSR. The finding is that Corporations should focus on finding solutions and more resources in their governance systems to avoid the short-termism that is evident in business methods so that meaningful social responsibility is achieved.

Share and Cite:

Qawariri, E. (2022) Making CSR and Sustainable Development Financially Effective
—The Business Case for CSR in Saudi Financial Social Practice. Modern Economy, 13, 449-481. doi: 10.4236/me.2022.133025.

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