Framing Corporate Social Responsibility to Achieve Sustainability in Urban Industrialization: Case of Bangladesh Ready-Made Garments (RMG)

Polin Kumar Saha, Shahida Akhter and Azizul Hassan
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Polin Kumar Saha: Environment and Sustainability Professional, Research Manager at Global Research and Marketing (GRM), Mirpur 1, Dhaka 1216, Bangladesh
Shahida Akhter: Department of Development Studies, BRAC Institute of Governance and Development, BRAC University, Dhaka 1212, Bangladesh
Azizul Hassan: Tourism Consultants Network, The Tourism Society, 3 Port House, Square Rigger Row, London SW11 3TY, UK

Sustainability, 2021, vol. 13, issue 13, 1-19

Abstract: According to both scholars and society, Corporate Social Responsibility (CSR) plays a controversial role in terms of corporate management towards sustainability. The business has presently become an integrated with the society and takes in a complex form of global demand for sustainability management. Due to the globalization of business, it is difficult to form a common sustainability model for CSR while its approach could be an opportunity for achieving sustainability. Evidently, a strong connection is found between the CSR approach and achieving urban sustainability since a smart urbanization requires a well-planned industrialization process that could be accelerated by the proper application of CSR. However, the CSR concept has already been initiated and developed in Western developed countries. Nowadays, it is being widely practiced by the developing countries as well. The developing country Bangladesh takes CSR issues seriously. Therefore, the study seeks the sustainability prospects of CSR by considering sustainability challenges in the rapid development of the “Ready-made Garments (RMG)” industry and corporate sector in Bangladesh. Finally, this paper explores some strategic paths to initiate sustainable development by framing the conditions and challenges of CSR.

Keywords: urbanization; sustainability; corporate social responsibility; ready-made garments; framework for strategic sustainable development; Bangladesh (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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