CSR’s impact on COVID-19 labor environmental issues: evidence from Bangladeshi SMEs (ISO 26,000)

This research aims to explore the positive effects of the COVID outbreak on labor and corporate social responsibility (CSR) environmental issues, using both shareholders and cognitional theories. The study emphasizes the importance of sustainability and CSR in addressing work environmental issues and investigates the correlation between CSR and labor environment issues in Bangladeshi “small and medium enterprises (SMEs),” based on the ISO 26,000 standard set by the “International Organization for Standardization.” The research analyzed data from 399 executives in Bangladeshi SMEs, using partial least squares structural equation modeling for hypothesis testing and data analysis. The results revealed that the implementation of CSR practices had a positive impact on various aspects of work practices, such as employment relationships, human development and training, social exchange, conditions of work and social protection, and health and safety at work. The study contributes to a better knowledge of the impact of the pandemic on labor and environmental issues in Bangladeshi SMEs and demonstrates how CSR practices can effectively address these issues. This research delves into the influence of individuals’ emotions on CSR practices amid the pandemic. It emphasizes the positive resurgence of sustainability and green initiatives. Furthermore, our study uncovers how negative sentiments toward the pandemic prompt a reevaluation of social practices, providing opportunities to strengthen CSR efforts. The findings from our study indicate that the COVID-19 pandemic has influenced companies to prioritize corporate social responsibility (CSR) initiatives in response to the economic, social, and ecological challenges confronting various stakeholders, with a particular emphasis on employees. Thus, the primary objective of this study is to establish a comprehensive connection among the diverse elements encompassing CSR practices, the COVID-19 pandemic, and the challenges faced in the work environment. The research also discusses the theoretical and practical implications of the findings, as well as potential areas for future research in this field. However, the study acknowledges its limitations and highlights the need for further investigation in this area.