IDEAS home Printed from https://ideas.repec.org/a/sae/engenv/v35y2024i7p3554-3574.html
   My bibliography  Save this article

Linking corporate social responsibility and energy poverty: An environmental sustainability paradigm

Author

Listed:
  • Fahad Khalid
  • Yi Kefu
  • Rabia Akram
  • Kiran Batool

Abstract

This article considers the motivational nature of business contributions toward sustainable development through corporate social responsibility. This study measures the corporate social responsibility contributions to maintain sustainable development by performing different sustainable development goals projects. The researchers use the quantitative techniques to analyze the data collected by using the monkey survey research method from the top 200 corporate social responsibility international origin companies, including public sector undertaking, private and exchange-listed companies (Bombay Stock Exchange, and National Stock Exchange) in India. For analysis purposes, results are calculated through coding, sorting, figures, and tabulation methods. Study results illustrate that corporate social responsibility is the best source to maintain sustainable development as overall contributions towards sustainable development goals are positive. But a particular contribution towards sustainable energy as sustainable development goal 7 is low, such as only 5.5%. It is possible that India's green energy sector may be advanced if more companies invest in energy-related projects like the others sustainable development goals performance. Based on the results, possible steps are also needed from the Indian government to maintain sustainable development at the national and global levels.

Suggested Citation

  • Fahad Khalid & Yi Kefu & Rabia Akram & Kiran Batool, 2024. "Linking corporate social responsibility and energy poverty: An environmental sustainability paradigm," Energy & Environment, , vol. 35(7), pages 3554-3574, November.
    • Handle: RePEc:sae:engenv:v:35:y:2024:i:7:p:3554-3574
    DOI: 10.1177/0958305X231169009
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0958305X231169009
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0958305X231169009?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Jintao Lu & Licheng Ren & Siqin Yao & Jiayuan Qiao & Wadim Strielkowski & Justas Streimikis, 2019. "Comparative Review of Corporate Social Responsibility of Energy Utilities and Sustainable Energy Development Trends in the Baltic States," Energies, MDPI, vol. 12(18), pages 1-21, September.
    2. Vasile Burja & Camelia Burja, 2014. "Sustainable Energy For Supporting The Sustainable Development: Empirical Approach For Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(16), pages 1-6.
    3. Zinette Bergman & Manfred Max Bergman & Kiran Fernandes & Daphne Grossrieder & Lea Schneider, 2018. "The Contribution of UNESCO Chairs toward Achieving the UN Sustainable Development Goals," Sustainability, MDPI, vol. 10(12), pages 1-16, November.
    4. Hoang, Anh Tuan & Sandro Nižetić, & Olcer, Aykut I. & Ong, Hwai Chyuan & Chen, Wei-Hsin & Chong, Cheng Tung & Thomas, Sabu & Bandh, Suhaib A. & Nguyen, Xuan Phuong, 2021. "Impacts of COVID-19 pandemic on the global energy system and the shift progress to renewable energy: Opportunities, challenges, and policy implications," Energy Policy, Elsevier, vol. 154(C).
    5. Sarah Cummings & Anastasia‐Alithia Seferiadis & Leah de Haan, 2020. "Getting down to business? Critical discourse analysis of perspectives on the private sector in sustainable development," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(4), pages 759-771, July.
    6. Carlos Lassala & Maria Orero-Blat & Samuel Ribeiro-Navarrete, 2021. "The financial performance of listed companies in pursuit of the Sustainable Development Goals (SDG)," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 34(1), pages 427-449, January.
    7. Yaryna Khmara & Jakub Kronenberg, 2020. "Degrowth in the Context of Sustainability Transitions: In Search for a Common Ground," Lodz Economics Working Papers 1/2020, University of Lodz, Faculty of Economics and Sociology.
    8. Kwasi Amoako & Elvis Boateng, 2022. "Analysis of the effectiveness of Corporate Social Responsibility in brand marketing with AAKER Brand Equity and Daisy Wheel Models," Technium Social Sciences Journal, Technium Science, vol. 30(1), pages 484-519, April.
    9. Le Thanh Tiep & Ngo Quang Huan & Tran Thi Thuy Hong, 2021. "Role of Corporate Social Responsibility in Sustainable Energy Development in Emerging Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 172-186.
    10. Dogan, Eyup & Inglesi-Lotz, Roula, 2017. "Analyzing the effects of real income and biomass energy consumption on carbon dioxide (CO2) emissions: Empirical evidence from the panel of biomass-consuming countries," Energy, Elsevier, vol. 138(C), pages 721-727.
    11. Muhammad Kamran Khan & Hai Hong Trinh & Ikram Ullah Khan & Subhan Ullah, 2022. "Sustainable economic activities, climate change, and carbon risk: an international evidence," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(7), pages 9642-9664, July.
    12. Omran, Mohammed, 2009. "Post-privatization corporate governance and firm performance: The role of private ownership concentration, identity and board composition," Journal of Comparative Economics, Elsevier, vol. 37(4), pages 658-673, December.
    13. Pollitt, Michael G., 2012. "The role of policy in energy transitions: Lessons from the energy liberalisation era," Energy Policy, Elsevier, vol. 50(C), pages 128-137.
    14. Dogan, Eyup & Madaleno, Mara & Inglesi-Lotz, Roula & Taskin, Dilvin, 2022. "Race and energy poverty: Evidence from African-American households," Energy Economics, Elsevier, vol. 108(C).
    15. Kolk, Ans, 2016. "The social responsibility of international business: From ethics and the environment to CSR and sustainable development," Journal of World Business, Elsevier, vol. 51(1), pages 23-34.
    16. Christopher S. Tang, 2022. "Innovative Technology and Operations for Alleviating Poverty through Women's Economic Empowerment," Production and Operations Management, Production and Operations Management Society, vol. 31(1), pages 32-45, January.
    17. Paramati, Sudharshan Reddy & Sinha, Avik & Dogan, Eyup, 2017. "The significance of renewable energy use for economic output and environmental protection: Evidence from the next 11 developing economies," MPRA Paper 100087, University Library of Munich, Germany.
    18. David Griggs & Mark Stafford-Smith & Owen Gaffney & Johan Rockström & Marcus C. Öhman & Priya Shyamsundar & Will Steffen & Gisbert Glaser & Norichika Kanie & Ian Noble, 2013. "Sustainable development goals for people and planet," Nature, Nature, vol. 495(7441), pages 305-307, March.
    19. Sharma, Gagan Deep & Tiwari, Aviral Kumar & Erkut, Burak & Mundi, Hardeep Singh, 2021. "Exploring the nexus between non-renewable and renewable energy consumptions and economic development: Evidence from panel estimations," Renewable and Sustainable Energy Reviews, Elsevier, vol. 146(C).
    20. Ashiwani Yadav & Nitai Pal & Jagannath Patra & Monika Yadav, 2020. "Strategic planning and challenges to the deployment of renewable energy technologies in the world scenario: its impact on global sustainable development," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(1), pages 297-315, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ivan Montiel & Alvaro Cuervo-Cazurra & Junghoon Park & Raquel Antolín-López & Bryan W. Husted, 2021. "Implementing the United Nations’ Sustainable Development Goals in international business," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(5), pages 999-1030, July.
    2. Naimeh Mohammadi & Hamid Mostofi & Hans-Liudger Dienel, 2023. "Policy Chain of Energy Transition from Economic and Innovative Perspectives: Conceptual Framework and Consistency Analysis," Sustainability, MDPI, vol. 15(17), pages 1-27, August.
    3. Wu, Junwei & Yang, Cunyi & Chen, Li, 2024. "Examining the non-linear effects of monetary policy on carbon emissions," Energy Economics, Elsevier, vol. 131(C).
    4. Sajjad Ali & Talib Hussain & Guoliang Zhang & Mohammad Nurunnabi & Benqian Li, 2018. "The Implementation of Sustainable Development Goals in “BRICS” Countries," Sustainability, MDPI, vol. 10(7), pages 1-14, July.
    5. Ru-Shiun Liou & Rekha Rao-Nicholson, 2021. "Multinational enterprises and Sustainable Development Goals: A foreign subsidiary perspective on tackling wicked problems," Journal of International Business Policy, Palgrave Macmillan, vol. 4(1), pages 136-151, March.
    6. Halkos, George & Nomikos, Stylianos, 2021. "Business concerns regarding environmental responsibility," MPRA Paper 105330, University Library of Munich, Germany.
    7. Svatava Janoušková & Tomáš Hák & Vlastimil Nečas & Bedřich Moldan, 2019. "Sustainable Development—A Poorly Communicated Concept by Mass Media. Another Challenge for SDGs?," Sustainability, MDPI, vol. 11(11), pages 1-20, June.
    8. Wettstein, Florian & Giuliani, Elisa & Santangelo, Grazia D. & Stahl, Günter K., 2019. "International business and human rights: A research agenda," Journal of World Business, Elsevier, vol. 54(1), pages 54-65.
    9. Schreiner, Lena & Madlener, Reinhard, 2022. "Investing in power grid infrastructure as a flexibility option: A DSGE assessment for Germany," Energy Economics, Elsevier, vol. 107(C).
    10. Karsten Neuhoff & Sophia Rüster & Sebastian Schwenen, 2015. "Power Market Design beyond 2020: Time to Revisit Key Elements?," Discussion Papers of DIW Berlin 1456, DIW Berlin, German Institute for Economic Research.
    11. Rekha Rao-Nicholson & Htwe Htwe Thein & Yifan Zhong, 2024. "A thematic analysis of the links between multinational enterprises’ corporate social responsibility and the Sustainable Development Goals in Myanmar," Journal of International Business Policy, Palgrave Macmillan, vol. 7(2), pages 203-223, June.
    12. Lin, Boqiang & Okoye, Jude O., 2023. "Towards renewable energy generation and low greenhouse gas emission in high-income countries: Performance of financial development and governance," Renewable Energy, Elsevier, vol. 215(C).
    13. Larisa Gorina & Marina Gordova & Irina Khristoforova & Lyudmila Sundeeva & Wadim Strielkowski, 2023. "Sustainable Education and Digitalization through the Prism of the COVID-19 Pandemic," Sustainability, MDPI, vol. 15(8), pages 1-18, April.
    14. Hossain, Mohammad Razib & Singh, Sanjeet & Sharma, Gagan Deep & Apostu, Simona-Andreea & Bansal, Pooja, 2023. "Overcoming the shock of energy depletion for energy policy? Tracing the missing link between energy depletion, renewable energy development and decarbonization in the USA," Energy Policy, Elsevier, vol. 174(C).
    15. Keppler, Jan Horst & Quemin, Simon & Saguan, Marcelo, 2022. "Why the sustainable provision of low-carbon electricity needs hybrid markets," Energy Policy, Elsevier, vol. 171(C).
    16. Zhenjiao Chen & Yaqing Liu, 2020. "The Effects of Leadership and Reward Policy on Employees’ Electricity Saving Behaviors: An Empirical Study in China," IJERPH, MDPI, vol. 17(6), pages 1-15, March.
    17. Sun, Yunpeng & Tian, Wenjuan & Mehmood, Usman & Zhang, Xiaoyu & Tariq, Salman, 2023. "How do natural resources, urbanization, and institutional quality meet with ecological footprints in the presence of income inequality and human capital in the next eleven countries?," Resources Policy, Elsevier, vol. 85(PA).
    18. Xu, Bin & Lin, Boqiang, 2018. "Do we really understand the development of China's new energy industry?," Energy Economics, Elsevier, vol. 74(C), pages 733-745.
    19. Gyula Dörgő & Viktor Sebestyén & János Abonyi, 2018. "Evaluating the Interconnectedness of the Sustainable Development Goals Based on the Causality Analysis of Sustainability Indicators," Sustainability, MDPI, vol. 10(10), pages 1-26, October.
    20. Ingrid Boas & Frank Biermann & Norichika Kanie, 2016. "Cross-sectoral strategies in global sustainability governance: towards a nexus approach," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 16(3), pages 449-464, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:engenv:v:35:y:2024:i:7:p:3554-3574. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.