Understanding corporate social responsibility of the corporate sector to Sustainable Development Goal for energy in Nepal

Bista, Raghu (2018): Understanding corporate social responsibility of the corporate sector to Sustainable Development Goal for energy in Nepal. Published in: Journal of Advanced Research in Civil and Environmental Engineering , Vol. 6, No. 1 (2 June 2019): pp. 13-22.

Abstract

Sustainable Development Goal (SDG) 7: energy for all is a global agenda to Nepal, where about 85 percent rural population have not access to energy for lighting and about 40 percent of the bottom 20 percent extreme poor access energy. The government has been initiating alternative energy to reduce such huge energy gap. Still it is not sufficient for wider impact. The corporate sector’s social responsibility is alternative hope for further collaboration. However, still energy for all campaign is sluggish. In this context, this paper examines CSR of the corporate sector in Nepal and its contribution in SDG 7: energy for all. The paper has employed explorative and descriptive method based on secondary and primary data. The paper finds a better knowledge of stakeholders about CSR but its fund is informal and small. Its size is un systematically least. It is voluntarily nature to the corporate sector. Its impact is narrow. In SDG 7: energy for all, there is no knowledge about SDG 7, no CSR activity and event because of no mandatory, no knowledge and no idea. Therefore, almost all stakeholders opine to make it mandatory and prioritized SDG 7: energy for all for its positive impacts in the society at large and wider.

• Item Type: MPRA Paper
• Language: English
• Keywords: SDG, CSR, Corporate sector and CSR fund
• Subjects: L - Industrial Organization > L0 - General; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L22 - Firm Organization and Market Structure; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L26 - Entrepreneurship; L - Industrial Organization > L5 - Regulation and Industrial Policy; L - Industrial Organization > L5 - Regulation and Industrial Policy > L51 - Economics of Regulation; L - Industrial Organization > L6 - Industry Studies: Manufacturing; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M13 - New Firms ; Startups; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M14 - Corporate Culture ; Diversity ; Social Responsibility; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M16 - International Business Administration; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M2 - Business Economics; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M2 - Business Economics > M21 - Business Economics

References

Abid, M. and Sebri, M. (2012) Energy Consumption-Economic Growth Nexus: Does the level of Aggregation Matter? International Journal of Energy Economics and Policy, 2(2): 55-62. Afful, K (2003). Corporate Social Responsibility. Organization. July September, Kathmandu :ODC. Belloumi, M. (2009). Energy consumption and GDP in Tunisia: Cointegration and causality analysis, Energy Policy, 37: 2745-2753. Berle A. A. Jr (1932). For whom corporate managers are trustees: A note. Harvard Law Review. USA: Harvard School of Law 45(8):1365–72. Bista, R.B. (2004). Foreign Direct Investment in Nepal: Regression analysis in aspect of GDP growth and export, Economics Journal of Development Issues, 5(2):93-110. Bista, R.B. (2005a). Foreign Direct Investment in Nepal. Kathmandu: Center for Integrated Development Studies. Bista, R.B. (2005b). ‘Direction and effectiveness of trade policy reform: A case study of Indo-Nepal trade development’. Economic Journal of Development Issues, 6(2): 26-35. Bista, R.B. (2008). Economics of Nepal. Kathmandu: Prativa Publication. Bista, R.B. (2009). Liberalization and productivity growth in Nepal: A case of FDI firm, published in www.iioa.org/conferences/18th/papers/files/90_20091229030_ProductivitGrowthofFDIfirm.pdf Vienna,Austria. Bista, R.B. (2011). Economics of Nepal. Kathmandu: New Hira Books Bista, R.B. (2011a). BIPPA and Foreign Direct Investment in Nepalese Economy: A policy analysis, Artha Journal, 31(1):1-5. Bista, R.B. (2011b). FDI and Corporate Social Responsibility: A Developing Country Case Study of Nepal. In P. Maiti (Eds), Corporate Social Responsibility: Critiques, Policies and Strategies. Sharda Publishing House: Jodhpur India. Bista, R.B. (2011c). Low Carbon Economy and Developing countries: A Case of Nepalese Forest in the book, Advanced Analytics for Green and Sustainable Economic Development (ed.) USA: IGI Global. Bista, R.B. (2011d). An alternative of community forest institution in Nepal. In R K. Sen and S. Hazra (Eds), Environment and sustainable economic development. New Delhi: Deep and Deep Publication. Bista, R.B. (2011e). Contract forest: Is it alternative to Community Forest, In P. Maiti (Eds), Environmental Security and Sustainable Development in South Asia. New Delhi, India: Global Vision Publishing House. Bista, R.B. (2013). Environmental Investment in Community Forest Management: A case study of mid hill Nepal, Journal of Environmental Investing, 4 (1) :50-69. Bista, R.B. (2016). Economics of Nepal. Kathmandu: New Hira Books. Bista, R.B.(2017). Liberalization in Nepal: Structure, Determinants and Trends of FDI, Winner Journal, 18(1): 33-41. Bista, R.B.(2018) Understanding CSR of Commercial Banks: Evidence of developing country, Nepal, Kaav International Journal of Law, Finance and Industrial Relations, 5(1): 23-33. Boulding, K. E .(1973). The economics of energy, The energy crisis: reality or myth, Washington: American Academy of Political Bowden, N. & Payne, J. E. (2009). The causal relationship between U.S. energy consumption and real output: A disaggregated analysis, Journal of Policy Modeling, 31(2): 180-188. Carroll, A. B. (1999). Corporate social responsibility. Business & Society, 38: 268-295. Centre Bureau of Statistics (CBS). (2011). Population Census, Kathmandu: CBS Cheng-Lang, Y., Lin, H.P., Chang, C.H. (2011), Linear and nonlinear causality between sectoral electricity consumption and economic growth: Evidence from Taiwan. Energy Policy, 38: 6570- 6573. Costantini, V. &Martini, C. (2010), The causality between energy consumption and economic growth: A multi Sectoral Analysis Using Non-Stationary Cointegrated Panel Data. Energy Economics, 32: 591-603. Dodd E. M Jr. (1932). For whom are corporate managers trustees? Harvard Law Review 45(7):1145–63. Domdom, A., Abiad, V. & Pasimio, H. (1999). Rural electrification benefit assessment study: The case of the Philippines, ESMAP Draft Report, Washington DC: World Bank.

Eberhard, A. and Van Horen, C. (1995) Poverty and Power: Energy and the South African State, Pluto Press: East Haven, Connecticut. Elhauge, E. (2005). Corporate managers operational discretion to sacrifice corporate profits in the public interest”. In B.Hay, S. Robert & V. Richard (Eds), Environmental Protection and the Social Responsibility of Firms. Washington, DC: Resources for the Future. Fanto, J. A.(1998). The role of corporate law in French corporate governance. Cornell International Law Journal, 31:31. Foster, V. and Jean Philippe, T.(2000). Measuring the impact of energy intervention on the poor-an illustration from Guatemala. Infrastructure for Development. UK: Private Solution. Graff, Z., Joshua & Small, A. (2005). A Modigliani–Miller theory of altruistic corporate social responsibility. B. E. Journals in Economic Analysis and Policy: Topics in Economic Analysis and Policy 5(1):1–19. Griffin R.W. (1998). Management (5th ed) New Delhi:A.I.T.B.S. Lynch-Fannon, I. (2007). The corporate social responsibility movement and law's empire: Is there a conflict? Northern Ireland Legal Quarterly, 58(1). Marinov, B and Heiman, B. (1998). Company law and corporate governance renewal in transition economies: The Bulgarian dilemma. European Journal of Law and Economics 6:231–61 Ministry of Finance (MoF). (2018). Economic Survey. Kathmandu: MoF. Miwa, Y. (1999). CSR: Dangerous and harmful, though maybe not irrelevant. Cornell Law Review 84(July):1227–54. Portney, P. (2005). Corporate social responsibility: An economic and public policy perspective. In H. Bruce, S. Robert & V. Richard (Eds), Environmental Protection and the Social Responsibility of Firms. Washington, DC: Resources for the Future. Reinhardt, F. (2005). Environmental protection and the social responsibility of firms: Perspectives from the business literature.” In H. Bruce, S. Robert & V. Richard (Eds), Environmental Protection and the Social Responsibility of Firms. Washington, DC: Resources for the Future. Reputation Institute. (2017). CSR Ranking Report. USA: Reputation Institute. UK Parliament (2007). Energy Security, Research Paper. UK: UK parliament. USAID (2008). Energy Security Quarterly. January New Delhi: USAID SARI/ENERGY.