Future Perspectives and Challenges

Abstract

Focusing on the effects on long-term economic and social development, the chapter investigates the potential future directions and obstacles of human rights and corporate social responsibility (CSR). Possibilities to effect good change arise when CSR and human rights issues become more central to company plans. Nevertheless, there are still major obstacles to overcome, such as cultural resistance to change, greenwashing, and victims' lack of access to remedies. In order to overcome these obstacles and fully utilise CSR and human rights to promote sustainable development, it is vital that governments, corporations, civil society, and people work together. By resolving these issues, stakeholders can pave the way for a future in which companies put ethics first, uphold human rights, and help bring about social and economic progress while also protecting the environment for the sake of generations to come.