Corporate environmental responsibility – transitional and evolving

Abstract

PurposeThis paper aims to put forward typology of factors for corporate environmental responsibility for easy comprehension and to propose a conceptual framework taking into account factors, barriers and benefits of corporate environmental responsibility. It also aims to suggest how corporate environmentalism is evolving in a developing country context.Design/methodology/approachThis is a conceptual paper, based on review of literature and the gaps in it. An attempt has been made to incorporate various aspects of corporate environmental responsibility and study the relationship between them.Practical implicationsThe framework suggests parameters for policy makers to facilitate corporations in implementing corporate environmentalism. Managers will realize the barriers and benefits of corporate environmental responsibility and can adapt to implement environmental responsibility.Originality/valueA rational approach is applied which takes into account three basic aspects of environmental responsibility and their inter‐relationship. The paper tries to propose an answer to the ambiguity behind progress of environmental responsibility.