Corporate Social Responsibility and Sustainable Development: A Study of Commercial Banks in Bangladesh

Abstract

This paper investigates the practices of Corporate Social Responsibility (CSR) by commercial banks in Bangladesh and the achievement of sustainable development through this practice. The motive of this descriptive research is to look at the framework of CSR areas and contribution by the state-owned and private commercial banks to those areas during 2011-2017. This study reveals that commercial banks contribution in CSR is increasing every year and new CSR areas are being concentrated on by commercial banks as part of their responsibility to the society and more and more focus is being given to important CSR areas to achieve sustainable development. This study also shows that there is a positive relationship between CSR and sustainable development. This research effort suggests that a precise guideline by the government about CSR expenditure, large corporation’s timely involvement in CSR activities and CSR disclosure in the bank’s annual report will fulfill the desired objectives of the business organizations. These will also ensure the successful and sustainable development of the country.These will also ensure successful and sustainable development of the country.