Role of Ethics and Religious Values in Managing Corporate Social Responsibility Fund in the Times of Crisis

Abstract

In times of crisis, the intersection of ethics and religious values emerges as a guiding framework for managing corporate social responsibility (CSR) funds effectively. Crises, whether economic, social, or environmental, test the resilience of corporations and their commitment to societal well-being. This paper illustrates how ethical principles and religious teachings shape CSR strategies, ensuring equitable allocation, transparency, and long-term impact during periods of uncertainty. By examining case studies from diverse cultural and religious contexts, the study explores how corporations leverage ethical and spiritual guidelines to address pressing community needs, foster trust, and strengthen their social license to operate. The study used qualitative approach and methodology employed in this study adopts a multidimensional analytical approach to explore the economic, political, and social dimensions. The research delves into key questions: How do religious values influence corporate decision-making in CSR fund allocation? What ethical practices enhance the impact and accountability of CSR initiatives during crises? Findings reveal that corporations integrating ethical and religious frameworks in CSR management demonstrate higher levels of stakeholder engagement and social impact. Moreover, the adoption of faith-based principles fosters a sense of moral responsibility, encouraging investments in sustainable community development and resilience-building efforts. This paper underscores the importance of harmonising ethical imperatives with business objectives to navigate crises responsibly. Recommendations include fostering cross-sector collaboration, enhancing ethical governance, and embedding religious values into CSR policies to ensure inclusivity and fairness. By highlighting actionable strategies, the study contributes to the discourse on ethical crisis management, offering insights for businesses, policymakers, and scholars striving to align CSR initiatives with societal and spiritual values.