CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL PROTECTION IN NIGERIA
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Abstract
The concept of Corporate Social Responsibility (CSR) has become increasingly important in corporate governance, particularly in relation to environmental protection. As the years have progressed, CSR has moved beyond being a mere slogan in corporate circles to an increasing expectation that companies, most especially multinational corporations, should move beyond profit-making and contribute consequentially to the sustainability of the society. Protecting the environment today goes beyond merely meeting the regulatory standards; it entails ensuring that business activities are carried out in a way that does not compromise the well-being of future generations. In the most recent years, there has been a growing demand for greater accountability and responsible conduct from corporate bodies, specifically in relation to how their operations impact the society and the environment. This shift has intensified the call for sustainable governance, as companies are expected to balance their pursuit of profit with broader social and environmental obligations. The increasing prominence of Environmental, Social and Governance (ESG) considerations in corporate discourse further shows the importance of integrating sustainability into business practices. It analyzes how these companies respond to environmental issues and concerns and whether their practices align with the broader aim of protecting natural resources. This work also reviews the various arguments by different scholars on CSR and evaluates their relevance to the situation in Nigeria. The study discovers that Nigeria, particularly the Niger Delta region has encountered persistent environmental challenges arising from corporate activities
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