The Impact of Environmental, Social and Governance Dimensions of CSR on Corporate Sustainability within the Textile Industry of Punjab Pakistan

Abstract

The first objective of this research is to find the relationship between Corporate Social Responsibility (CSR), Corporate Environmental Performance (CEP), Corporate Governance Practices (CGP) and Corporate Sustainability (CS) in the textile manufacturing industry in the Punjab region of Pakistan. In this case, the research narrows down to examine the role of the three fundamental dimensions of CSR governance and social and environmental responsibilities in improving corporate sustainability in this context. The research design became an explanatory design whereby primary data through a structured questionnaire was used to gather the information on 200 employees of managerial level in the textile companies in the state of Punjab. The analysis of the responses was done with SPSS (Statistical Package of Social Sciences), where the descriptive statistics, the reliability test, and the multiple regression analysis were made to find out the relationship between the variables. The findings find that there is a statistically significant and positive correlation between dimensions of CSR, especially corporate governance, social responsibility, and environmental performance and corporate sustainability. The discussion supports the fact that enhancement of CSR-related practices helps to strengthen sustainability performance in the textile industry. The results provide essential information to policymakers and people in businesses who are interested in improving the sustainability of the performance of the textile industry. The research gives the basis for creating better corporate strategies, policies, and governance systems that are in tandem with the environmental and social responsibilities. Also, it proposes that integration of sustainability principles in the mainstream business activities can facilitate long-term value generation and competitiveness in the industry.