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Publication date: 6 December 2024

Bandna and Mushtaq Ahmad Shah

Purpose: The integration of corporate social responsibility (CSR) with the worldwide push toward a net-zero carbon economy is becoming more and more apparent, as both place a high…

Abstract

Purpose: The integration of corporate social responsibility (CSR) with the worldwide push toward a net-zero carbon economy is becoming more and more apparent, as both place a high priority on sustainability and environmental stewardship. This book chapter examines the elements and main influences that drive the shift to a net-zero economy, with a particular focus on the relationship between net-zero, CSR, and the creation of sustainable value.

Methodology: This research employs a secondary data analysis methodology of systematic review of scholarly research articles, reports, and online resources. Sources such as SAGE and EBSCO are scrutinized, alongside focused inquiries for qualitative data in academic databases like Emerald and Scopus.

Findings: The findings reveal that a variety of factors, including climate change awareness, governmental policy and regulation, corporate sustainability initiatives, technological advancements, investor pressure, economic possibilities, and environmental and social movements, all contribute to the shift to a net-zero economy in an interconnected way.

Originality: This chapter examines the factors that contribute to the shift to a net-zero economy, the critical factors for successful adoption, and the relationship between CSR and the net-zero economy, all of which provide valuable insights for businesses, policymakers, and stakeholders as they navigate the complexities of achieving a sustainable future.

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Corporate Social Responsibility, Corporate Governance and Business Ethics in Tourism Management: A Business Strategy for Sustainable Organizational Performance
Type: Book
ISBN: 978-1-83608-705-2

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