Corporate social responsibility, green innovation, environment strategy and corporate sustainable development

Abstract

As the economy is advancing by leaps and bounds, the top priority has been given to managing a green-oriented enterprise due to its significance in the lasting ability and sustainability of the organization. This study investigates the relationship between corporate sustainable development and corporate social responsibility in Vietnamese small medium sized enterprises operating in agriculture, seafood, and related sectors. It also explores the potential intermediary role of environmental strategy and green innovation in this relationship. This research applied quantitative methods to check the research hypotheses by utilizing a survey to collect information. To investigate the connections between the model’s latent variables in the model, Structural Equation Modeling is adopted in this study. The outcomes reveal significant and positive relationships between corporate sustainable development and corporate social responsibility by finding out the intermediary function of environmental plans and green innovation, providing valuable insights into the existing knowledge by examining the intermediate influence of environmental strategy and green innovation between corporate social responsibility and corporate sustainable development in the emerging market. The result shows that corporate social responsibility directly affects corporate sustainable development but it is influenced through environmental strategy and biodegradable innovation. This demonstrates that corporate social responsibility has an impact and can make managers change their environmental strategies. This research provides a reference model for managers to help them have appropriate and correct environmental strategies to assist companies in growing more sustainably in the marketplace.