Work

Overcoming investment resource gaps through CSR mechanisms of financial institutions

Year: 2024

Type: article

Abstract: The Sustainable Development Goals (SDGs) establish a global roadmap for attaining sustainable development. Nevertheless, the inadequate allocation of financial resources is hindering its execution. Financial organizations, such as banks and stock exchanges, have a vital role in correcting these financial imbalances via their Corporate Social Responsibility (CSR) initiatives. This study aims to analyze the influence of Corporate Social Responsibility (CSR) on financial institutions, namely banks and stock markets, in their provision of financial assistance for the SDGs. This assesses the capacity of these organizations to use CSR to promote the advancement of new resources, strategies, and technologies to achieve the SDGs. The results suggest that incorporating CSR policies in banks may enhance long-term sustainability and efficiency. The article establishes that businesses in the financial sector can substantially contribute to promoting sustainable development and addressing investment shortfalls for the SDGs through implementing strategic CSR practices. It presents key viewpoints on how these firms may adopt and blend sustainability into their commercial operations to contribute to global sustainability objectives.

Source: Dialnet (Universidad de la Rioja)

DOI: 10.5281/zenodo.13732769

Authors: Habeeb Abbas, Nazar, Faisal Ali, Sarin, Ghassan, Ali, V. Izmailova, Olha

Institutions: Alrafidain University College, Al-Turath University, Al Mamon University College, Kyiv National University of Construction and Architecture

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Partnerships for the goals, Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W6911800364