Corporate Social Responsibility of the Companies in Bangladesh and Its Impact on Economic Solvency

Abstract

Corporate social responsibility is an excellent modern concept. The triple bottom line (profit, planet people) is something that not only thinks for the profit of a company but also for sustainable development of the society and the people. A considerable change can be possible for the world by adopting the CSR concept. Many renowned companies of the world have adopted CSR, and of its effectiveness, this concept has become more popular day by day. In Bangladesh, people are struggling with poverty. It is not possible for the government to resolve this problem alone. Companies need to contribute to society to resolve this issue. CSR can be the only bridge between government and companies to work together to resolve this issue. This research aims to find out the condition of CSR in Bangladesh and the laws or guidelines to make CSR more effective in Bangladesh for economic solvency. This research has shown the connection between CSR, economy, and society with examples of other countries and companies