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Business and morals: Corporate strategies for sustainable development in China

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  • Banik, Dan
  • Lin, Ka

Abstract

There has been considerable attention in recent years on the close linkages between business, ethics, and economic development and how businesses not only have responsibilities to their shareholders but also to wider society. The growing power and influence of emerging economies has resulted in increased scholarly interest in China on studying the domestic political commitments to corporate social responsibility strategies (CSR), and their potential contribution to promoting the country's ambitious Belt and Road Initiative and thereby achieving the Sustainable Development Goals (SDGs). This article explores the factors that influence CSR strategies and performance and examines whether we are witnessing the emergence of a new form of social responsibility among Chinese businesses that prioritizes sustainable development. In order to better understand how CSR strategies in China are being potentially reshaped and realigned with the SDGs, we examined the CSR reports and practices of selected Chinese companies both before and after the adoption of the SDGs at the United Nations in 2015. By focusing on the CSR-SDG linkages in China, our study contributes to a better understanding of state advocacy aimed at influencing corporate behavior on sustainable development.

Suggested Citation

  • Banik, Dan & Lin, Ka, 2019. "Business and morals: Corporate strategies for sustainable development in China," Business and Politics, Cambridge University Press, vol. 21(4), pages 514-539, December.
    • Handle: RePEc:cup:buspol:v:21:y:2019:i:4:p:514-539_4
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    Cited by:

    1. Jin, Minyue & Zhang, Xueqing & Xiong, Yu & Zhou, Yu, 2021. "Implications of green optimism upon sustainable supply chain management," European Journal of Operational Research, Elsevier, vol. 295(1), pages 131-139.
    2. Frank Biermann & Thomas Hickmann & Carole-Anne Sénit & Marianne Beisheim & Steven Bernstein & Pamela Chasek & Leonie Grob & Rakhyun E. Kim & Louis J. Kotzé & Måns Nilsson & Andrea Ordóñez Llanos & Chu, 2022. "Scientific evidence on the political impact of the Sustainable Development Goals," Nature Sustainability, Nature, vol. 5(9), pages 795-800, September.
    3. Amr ElAlfy & Nicholas Palaschuk & Dina El-Bassiouny & Jeffrey Wilson & Olaf Weber, 2020. "Scoping the Evolution of Corporate Social Responsibility (CSR) Research in the Sustainable Development Goals (SDGs) Era," Sustainability, MDPI, vol. 12(14), pages 1-21, July.
    4. Ritika Mahajan & Satish Kumar & Weng Marc Lim & Monica Sareen, 2024. "The role of business and management in driving the sustainable development goals (SDGs): Current insights and future directions from a systematic review," Business Strategy and the Environment, Wiley Blackwell, vol. 33(5), pages 4493-4529, July.
    5. Nick Lin-Hi & Xiaohan Gao-Urhahn & Torsten Biemann & Irmela F. Koch-Bayram, 2023. "Internal CSR and blue-collar workers’ attitudes and behaviors in China: a combination of a cross-sectional study and a field experiment," Asian Business & Management, Palgrave Macmillan, vol. 22(3), pages 1185-1213, July.
    6. Irina Ervits, 2023. "CSR reporting in China’s private and state-owned enterprises: A mixed methods comparative analysis," Asian Business & Management, Palgrave Macmillan, vol. 22(1), pages 55-83, February.
    7. Baobao Song & Xiaomeng Lan, 2022. "Meeting Consumers’ Expectations: Exploring Corporate Social Advocacy Communication in China," Sustainability, MDPI, vol. 14(4), pages 1-18, February.
    8. Elías Domingo‐Posada & Pilar L. González‐Torre & Marta M. Vidal‐Suárez, 2024. "Sustainable development goals and corporate strategy: A map of the field," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 2733-2748, July.

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