An Analysis of Corporate Social Responsibility As A Driver For India's Sustainable Growth Using An Esg Model

Abstract

Corporate social responsibility has become a crucial element of company strategy, especially in relation to sustainable development. Applying the ESG model as a lens, this research delves into how CSR initiatives have affected India's progress toward sustainable development. The study examines how Indian companies are incorporating corporate social responsibility practices into their inclusiveness by investing the corporate social responsibility fund in environmental causes, promoting social inclusivity, and improving governance standards. This is achieved through an extensive analysis of the literature and empirical data. Moreover, it examines the influence of these corporate social responsibility initiatives on crucial metrics such as financial performance, reputation improvement, and stakeholder involvement. The research seeks to offer insights into the efficacy of corporate social responsibility as a catalyst for India's sustainable development, employing the Environmental, Social, and Governance (ESG) framework. With the help of previously published data, the findings of this research contribute to a better understanding of the relationship between corporate social responsibility (CSR) and the long-term economic development of an Indian context