Reimagining corporate social responsibility in the era of COVID-19: embedding resilience and promoting corporate social competence

Zhao, J. ORCID: 0000-0001-6430-2356, 2021. Reimagining corporate social responsibility in the era of COVID-19: embedding resilience and promoting corporate social competence. Sustainability, 13 (12): 6548.

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Abstract

The debate over corporate objectives and how companies deal with amplified existing societal inequalities and vulnerabilities has received increasing attention in recent years, especially in the wake of the COVID-19 crisis. The pandemic encouraged companies and policy makers to consider ways to develop a more enabling institutional environment, not only to tackle the ongoing crisis but also to prepare for similar future tests. Against this backdrop, the purpose of this paper is to focus on the significance and effectiveness of ex ante corporate social responsibility (CSR) law approaches in tackling the challenges brought by the pandemic. We investigate the uniqueness of the sustainable development challenges in the era of the pandemic, and introduce "corporate social competence" as a compliance principle in response to the need for forward-looking approaches to risk management and strategic planning. We use two ex ante legislative approaches in company law, namely mandatory CSR policy and legally recognised inclusive business models, as examples to illuminate the contribution of company law to navigate the pandemic beyond philanthropic CSR actions.

Item Type: Journal article
Publication Title: Sustainability
Creators: Zhao, J.
Publisher: MDPI AG
Date: 8 June 2021
Volume: 13
Number: 12
Identifiers:
NumberType
10.3390/su13126548DOI
1444590Other
Rights: Copyright: © 2021 by the author. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
Divisions: Schools > Nottingham Law School
Record created by: Linda Sullivan
Date Added: 10 Jun 2021 14:30
Last Modified: 10 Jun 2021 14:30
URI: http://irep.ntu.ac.uk/id/eprint/43040

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