EMPOWERING WOMEN THROUGH CORPORATE SOCIAL RESPONSIBILITY: A PATHWAY TO SUSTAINABLE DEVELOPMENT

Abstract

This research paper delves into the significant role that Corporate Social Responsibility (CSR) plays in empowering women and its direct impact on sustainable development. CSR, when strategically aligned with gender equality, can foster socio-economic development, reduce gender disparities, and stimulate inclusive growth. By examining successful case studies and global CSR initiatives, this study explores how corporations can actively contribute to women’s empowerment across various sectors such as education, healthcare, entrepreneurship, and leadership. These CSR initiatives have shown to positively impact not only women but also broader societal structures, leading to a more equitable society and better economic outcomes.

The paper underscores that gender-inclusive CSR strategies can substantially elevate a company's reputation, enhance employee morale, and create a sustainable business model that benefits all stakeholders. Successful examples from companies like Coca-Cola’s 5by20 initiative and TATA Group’s focus on women in leadership roles illustrate the long-term value of such policies. Furthermore, this research highlights that CSR efforts aimed at gender equality do more than fulfill corporate social obligations—they drive tangible results in promoting sustainable development goals (SDGs), particularly Goal 5 (Gender Equality) and Goal 8 (Decent Work and Economic Growth).

            The paper offers actionable recommendations for businesses to integrate women-centric initiatives into their CSR strategies, emphasizing the need for ongoing commitment, collaboration with external stakeholders, and continuous assessment of the impact of these initiatives. A robust gender-focused CSR framework is pivotal for advancing both business success and societal progress toward sustainable development.