The UN Sustainable Development Goals provide a coherent, holistic and integrated framework for addressing the world’s most urgent sustainability challenges and creating a better future for all. Governments are primarily responsible for prioritizing and implementing actions that meet the sustainable development goals, but achieving them also requires collaboration with business and civil society. Corporate social responsibility is an essential element of present and future social policies. The strategy is to develop the multinational economic and financial groups that are needed in the global market economy or firms that going through a serious internal crisis. The strategy is a replacement for many socially and ethically irresponsible practices to avoid or lessen the possibilities of bankruptcies, fraudulent actions, and even disrespect for the basic working values.

The concept of corporate social responsibility accommodates a wide variety of achievements and initiatives that covers the moral and ethical concerns such as the code of conduct and good governance. The aim for corporate social responsibility is to have an overall positive impact on society through a socially responsible conduct. It also includes the voluntary integration by the companies of social and environmental concerns towards the commercial activities and the relationship with stakeholders (Fonteneau, 2003).The corporate social responsibility is an important way for organizations to increase their contribution to society and to sustainable development. The strategy covers the things and organizations have an impact beyond its immediate operations and legal obligations. Because of corporate social responsibility that goes beyond legal obligations that involves the issues of health and safety in the workplace, employment policies and environmental protection.

Reference – UKEssays. (November 2018). Corporate Social Responsibility In Sustainable Development Management Essay.