Jurnal Ekonomi dan Studi Pembangunan (JESP)
Vol 16, No 2 (2024)

Corporate Social Responsibility Optimization as Collaborative Funding Innovation to Support Sustainable Development

Lindawati Lindawati (National Research and Innovation Agency)
Yudhanty Parama Sany (National Institute of Public Administration)
Sak Khie (Universitas Mitra Bangsa)
Iwan Syahrul Anwar (Regional Development Planning, Research and Development Agency of Subang Regency)
Dewi Listiorini (Universitas Mitra Bangsa)



Article Info

Publish Date
10 Dec 2024

Abstract

During the pandemic, development progress is hindered by budget constraints. Meanwhile, the business sector's contribution to development is minimal and charitable, with no significant impact. To address this issue, a program called "Kembang Jawara" has been introduced to optimise Corporate Social Responsibility (CSR) funding for development programs. This study aimed to explore the funding innovation called "Kembang Jawara" through a case study. The primary data was gathered through focused group discussions and interviews with the Regional Development Planning, Research and Development Agency of Subang Regency. The secondary data was sourced from proposals, work plans, reports, and policies related to Kembang Jawara. The analysis was conducted in four stages: data collection, data reduction, data presentation and visualisation, and conclusion drawing. The program involves compiling an inventory of development programs, coordinating with regional apparatus and the provincial government, socialising with potential CSR partners, and hosting a CSR Awards ceremony. In 2020, 13 companies contributed Rp4.930 billion to the program; in 2021, this increased to 15 companies, contributing a total of Rp8.565 billion. This innovative initiative is in line with SDG 17 and has the potential to be replicated by other local governments. However, areas of improvement include enhancing communication with the business sector, providing detailed information on development programs and CSR schemes, and recording program activities through a website-based application.

Copyrights © 2024






Journal Info

Abbrev

JESP

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi dan Studi Pembangunan focuses on scientific papers related to development economics include critical analysis of economic development issues, local economic development, community economic development, economic growth, international trade and finance, fiscal and monetary policy, ...