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Academic Journal of Business & Management, 2024, 6(11); doi: 10.25236/AJBM.2024.061130.

Sustainable Business Practices: A Comparative Analysis of Corporate Social Responsibility Initiatives

Author(s)

Jiazhi Wang

Corresponding Author:
Jiazhi Wang
Affiliation(s)

University of Glasgow, Glasgow, G12 8QQ, UK

Abstract

In the context of globalization and the growing emphasis on sustainable development, corporate social responsibility (CSR) has become a crucial component of sustainable business practices. This paper examines CSR initiatives in environmental protection, social welfare, and economic value creation, analyzing their implementation and impact on sustainable development. Through a comparative analysis of practices across industries and between multinational and domestic enterprises, the study highlights the positive contributions of CSR in enhancing corporate reputation, competitiveness, and social resource optimization. However, challenges such as cost pressures and policy adaptation remain significant barriers. By analyzing successful case studies, this paper offers recommendations to improve CSR practices, providing theoretical and practical guidance for enterprises aiming to achieve sustainable development goals.

Keywords

sustainable business practices, corporate social responsibility, environmental protection, social welfare, economic responsibility

Cite This Paper

Jiazhi Wang. Sustainable Business Practices: A Comparative Analysis of Corporate Social Responsibility Initiatives. Academic Journal of Business & Management (2024) Vol. 6, Issue 11: 208-213. https://doi.org/10.25236/AJBM.2024.061130.

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