The role of corporate social responsibility in sustainable businesses: a critical review of the scientific literature

Abstract

Corporate Social Responsibility (CSR) has emerged as a significant aspect of modern business operations, with increasing attention paid to its role in fostering sustainability. This scholarly article critically reviews the scientific literature pertaining to the relationship between CSR and sustainable businesses. By synthesizing findings from various studies, it explores the multifaceted dimensions of CSR and its impact on organizational sustainability. The review delves into the theoretical underpinnings of CSR, examining its conceptualization and evolution over time. Furthermore, it analyzes empirical evidence regarding the effects of CSR initiatives on financial performance, stakeholder relationships, and environmental stewardship. Additionally, the article investigates the mechanisms through which CSR practices contribute to sustainable development and competitive advantage. Through a comprehensive analysis, this article aims to provide insights into the complex interplay between CSR and sustainable business practices, offering valuable implications for future research and managerial practices.