Making CSR and Sustainable Development Financially Effective
—The Business Case for CSR in Saudi Financial Social Practice ()
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.
KEYWORDS
Adopting of CSR,
Saudi Corporate Law,
Corporate Governance,
Sustainable Development,
Business Investment,
CSR Commitments through New Laws,
ISO 2600,
UN Global Compact. Private Sector,
Charities,
and Non-Profit Organisations,
and Environmental,
Social,
and Legal Responsibilities
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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