Vol. 6, Issue 2, Part C (2024)

The adoption of the United Nations Sustainable Development Goals (SDGs) in 2015 has provided a framework for global action toward sustainable development. This paper investigates through a systematic review of literature, empirical studies, and case analyses; the ethical and strategic implications for businesses engaged in CSR activities. This paper understands the pivotal role of ethical and strategic CSR in shaping contemporary business paradigms. By aligning business practices with ethical imperatives and strategic objectives, companies can navigate complexities, create shared value for stakeholders, and catalyze positive social and environmental change in the pursuit of sustainable development. It scrutinizes the ethical imperatives and strategic considerations that underpin CSR initiatives and their profound impacts on businesses and society at large. Ethical CSR entails alignment with societal expectations, fostering trust, credibility, and sustainable relationships with stakeholders. By embracing ethical CSR, businesses not only mitigate reputational risks but also contribute to sustainable development, thereby demonstrating a steadfast commitment to responsible business conduct. Companies strategically navigate risks associated with social and environmental issues, leveraging CSR to innovate and adapt to evolving challenges. Moreover, strategic CSR emphasizes stakeholder engagement, regulatory compliance, and transparent measurement and reporting mechanisms, thus enhancing organizational resilience and fostering collaborative partnerships.