Corporate Social Responsibility and Its Legal Implications in Global Trade
Year: 2025
Type: article
Abstract: This study very much critically explores the actual evolving role as well as the legal implications of Corporate Social Responsibility (CSR) within that of the global trade framework, emphasizing how CSR has shifted from a very much voluntary, philanthropic initiative to a legally significant aspect of that of the international business governance. In today’s interconnected global economy, multinational corporations hold some of the immense power and influence, making ethical, transparent, and also the sustainable practices a central concern. The paper highlights how increasing public awareness, consumer demand, and global social movements have pushed CSR into that of the core of business strategies. More notably, governments as well as the international bodies are beginning to codify CSR into enforceable legal obligations, embedding these principles in national legislation, court rulings, and trade agreements. Despite this form of the developments, a key challenge persists: the legal enforceability of CSR remains fragmented, particularly in that of the cross-border contexts where jurisdictional as well as the regulatory disparities allow for that of the purpose of exploitation and weak accountability. The literature reviewed emphasizes the growing need for harmonized legal standards and robust enforcement mechanisms, especially in te light of high-profile global incidents and the ethical challenges posed by globalization. Studies by Akpuokwe (2024), Carroll (2021), and Wirba (2023) demonstrate how the way in which CSR intersects with corporate law, stakeholder interests, crisis response (e.g., COVID-19), and public sector responsibility, arguing for an very much integrated approach that aligns legal frameworks with CSR objectives. This paper also ultimately provides valuable insights for that pf the policymakers, corporations, and legal practitioners, stressing the importance of bridging the gap between CSR rhetoric and practical accountability. It also mainly advocates for a global legal framework that promotes ethical corporate behaviour, ensures avery much legal consistency, and strengthens stakeholder trust in that of the international commerce.
DOI: 10.65512/kgqmwm28
Author: Dr.Tamrisha Patnaik
Language: English
Subfield: Law
Field: Social Sciences
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W7216144304