International Journal of Science, Engineering and TechnologyAuthors: Mohan Kumar, Sandhya, Yogesh Kumar
Abstract: Corporate Social Responsibility (CSR) is undergoing a profound transformation in response to the escalating challenges of climate change, positioning environmental sustainability and corporate innovation at the heart of modern business strategies. This article examines how climate change has expanded CSR from traditional philanthropy to a strategic imperative, compelling companies to integrate climate action into their core operations. It explores the role of corporate innovation in developing sustainable technologies, circular economy models, and eco-friendly products that not only reduce environmental impact but also drive competitive advantage. The discussion highlights the critical importance of aligning CSR initiatives with global climate goals, transparent measurement and reporting, and robust governance frameworks. Furthermore, it addresses key challenges such as regulatory complexity, financial constraints, and the risks of greenwashing, while emphasizing emerging opportunities for growth, stakeholder engagement, and collaboration across sectors. The article concludes by envisioning the future of CSR as an essential driver of climate resilience and sustainable economic development, urging businesses to embrace innovation and strategic climate integration to thrive in a rapidly evolving global marketplace.
DOI: http://doi.org/10.61463/ijset.vol.12.issue6.975
