Berilian Ayu Kusuma, Sri Wahyuni Jumadi, Pramidazzura Alifa Rifqi

Corporate Social Responsibility (CSR) as an Instrument of Economic Justice

Introduction

Corporate social responsibility (csr) as an instrument of economic justice. Discover how Corporate Social Responsibility (CSR) drives economic justice, reduces inequality, and fosters inclusive growth. A study on its strategic role in a sustainable global economy.

Abstract

This study examines Corporate Social Responsibility (CSR) as a strategic instrument for achieving economic justice in the context of global corporate transformation. The research adopts a qualitative descriptive approach focusing on the economic institutional framework to analyze how CSR contributes to redistributive mechanisms, economic empowerment, and inclusive growth. Data were collected through semi-structured interviews with CSR managers from multinational companies in the energy, mining, and manufacturing sectors, complemented by secondary data from sustainability reports and global policy documents such as those by the OECD, UNDP, and GRI. The findings reveal that CSR has shifted from philanthropic activities toward a strategic economic mechanism capable of reducing inequality and fostering social inclusion. Firms that integrate CSR into their core economic strategy exhibit higher levels of supply chain resilience, stakeholder trust, and community welfare. The study also highlights that empowerment-based CSR programs, particularly those supporting local entrepreneurship and inclusive digitalization, significantly improve community income and business performance. Furthermore, CSR is found to drive long-term corporate transformation through sustainability-oriented innovation and stakeholder capitalism, aligning business profitability with distributive justice and institutional resilience. In conclusion, CSR functions not only as a moral obligation but also as a redistributive economic policy tool essential for achieving sustainable and equitable growth in the global economy.

Review

The paper, "Corporate Social Responsibility (CSR) as an Instrument of Economic Justice," offers a compelling and timely exploration into the evolving nature of CSR. It critically examines CSR's strategic potential as a mechanism for achieving economic justice amidst ongoing global corporate transformation. Employing a qualitative descriptive methodology within an economic institutional framework, the study meticulously analyzes CSR's contributions to redistributive mechanisms, economic empowerment, and inclusive growth. This approach promises a robust understanding of how corporations can transcend traditional profit motives to foster broader societal welfare, thereby making a significant contribution to both CSR theory and sustainable development practice. The research yields several important findings that underscore its primary arguments. It reveals a definitive shift in CSR from philanthropic activities to a strategic economic mechanism actively capable of reducing inequality and fostering social inclusion. Companies that embed CSR into their core economic strategies are shown to benefit from increased supply chain resilience, enhanced stakeholder trust, and improved community welfare. Notably, the study highlights the efficacy of empowerment-based CSR programs, particularly those supporting local entrepreneurship and inclusive digitalization, demonstrating their positive impact on community income and business performance. Furthermore, CSR is identified as a critical catalyst for long-term corporate transformation, driving sustainability-oriented innovation and stakeholder capitalism, effectively aligning profitability with distributive justice and institutional resilience. The use of diverse data sources, including interviews with CSR managers and robust secondary data from key global organizations, lends considerable strength and credibility to these conclusions. In conclusion, the study convincingly argues that CSR functions not merely as a moral imperative but as an essential redistributive economic policy tool vital for achieving sustainable and equitable growth in the global economy. Its insights provide a strong foundation for both academic discourse and practical application, positioning CSR at the forefront of efforts to address economic disparities. While the abstract effectively highlights the positive potential of strategic CSR, future research could benefit from exploring the specific contextual factors, potential challenges, and governance structures that either enable or impede CSR's full realization as an instrument of economic justice across different regions and industries. This would further solidify its role in shaping a more just and resilient global economic order.

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