Aligning Corporate Social Responsibility with Sustainable Development Goals: A Regression-Based Analysis of BSE30 Companies in India
Year: 2025
Type: article
Abstract: This paper investigates the congruence of the CSR initiatives of BSE30 companies in India with the United Nations Sustainable Development Goals (SDGs) from 2018 to 2023. We apply a fixed effects panel regression framework to study the effect of firm level financial metrics Return on Equity (ROE), Debt to Equity Ratio (DER), CSR Spending, and Total Assets along with macroeconomic metrics like GDP Growth and Repo Rate on the SDG Index. The findings indicate that ROE and CSR Spending are positively associated with SDG alignment, whereas increased DER and Repo Rates have negative impacts on sustainability performance. Firm size (Total Assets) and GDP Growth are not significant. These results highlight the importance of financial health, quality CSR spending, and easing monetary policies toward corporate sustainability. The research offers policymakers, investors, and business leaders practical guidance to embed SDGs into business strategy.
Source: Economic Sciences.
DOI: 10.69889/z0a2ya15
Authors: Dr. Ranu Gupta, Dr. Rajshree Yadav, Mr.Vedant Prakash, Dr. Amruta Mandar Khedker
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4409779686