Sustainable Financial Management: Strategies for Integrating Sustainable Finance to Support Corporate Social Responsibility (CSR)

Jonnardi; Dessy Adelin; Laela Lanjarsih; Primadonna Ratna Mutumanikam

doi:10.59890/ijatss.v3i11.127

Authors

Jonnardi Universitas Tarumanagara
Dessy Adelin Perbanas Institute Jakarta
Laela Lanjarsih Perbanas Institute Jakarta
Primadonna Ratna Mutumanikam Perbanas Institute Jakarta

DOI:

https://doi.org/10.59890/ijatss.v3i11.127

Keywords:

Sustainable Finance, Financial Management, CSR

Abstract

This study aims to analyze how sustainable financial management contributes to the effectiveness of corporate social responsibility (CSR) implementation, emphasizing that sustainability-based financial planning, control, and reporting are crucial elements in supporting CSR programs that have a tangible impact on society and the environment. The study uses a quantitative approach with a survey design by distributing questionnaires to financial managers and CSR managers in companies that have implemented sustainability practices, then analyzing the data using regression to test the influence of sustainable financial planning, control and evaluation, as well as financial reporting on the success of CSR implementation. The results indicate that these three dimensions of sustainable financial management have a positive and significant effect on the effectiveness of CSR implementation; Integrated financial planning improves budget allocation accuracy, control, and evaluation, supporting efficient use of funds and enhancing transparency, while sustainable financial reporting increases accountability and stakeholder trust in implemented CSR programs. Overall, this study concludes that sustainable financial management plays a strategic role in ensuring that CSR investments are not merely symbolic but are capable of generating relevant, measurable, and sustainable benefits for both the company and society

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