International Journal For Multidisciplinary Research

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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Uncovering the Dark Side of Csr: Exploring Corporate Social Responsibility as a Potential Façade for Money Laundering and Greenwashing

Author(s) Ms. ThanushiyaDevi .V, Mr. Sharavinth .R, Ms. Harshavardhini .S, Mr. Vigneshwaran .D
Country India
Abstract Corporate Social Responsibility (CSR) has become an essential instrument for businesses to show their dedication to social, environmental, and ethical objectives. In reality, though, CSR is increasingly being abused as a calculated front for immoral practices like money laundering and greenwashing. Greenwashing is the practice of businesses maintaining detrimental operations while providing false information or inflating their environmental efforts in an attempt to win over the public or satisfy legal requirements. In a similar vein, money laundering has occasionally been made possible by manipulating CSR projects to transfer illegal monies under the pretense of philanthropy or social welfare. These actions take advantage of the lax oversight, accountability, and transparency in CSR implementation and reporting. To improve their public image or deflect criticism, businesses may donate to shell NGOs, misrepresent spending data, or present small-scale projects as significant accomplishments. Since CSR expenditure is required in some countries, such as India, the regulatory framework frequently lacks the tools necessary to fully confirm the effectiveness and legitimacy of such initiatives. As a result, there is a gray area where form but not spirit of compliance are met. Stricter oversight, independent audits, open disclosures, and sanctions for abuse are necessary to address this. Then and only then will CSR be able to truly contribute to ethical and sustainable development as intended.
Keywords Corporate Social Responsibility, sustainable development, remedial measures, black money, green washing and legal provisions.
Field Physics > Nano Technology / Nuclear
Published In Volume 7, Issue 6, November-December 2025
Published On 2025-12-07
DOI https://doi.org/10.36948/ijfmr.2025.v07i06.62808

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