Implementation Of Creating Shared Value (CSV) In Corporate Social Responsibility (CSR) Programs To Enhance Business Value And Employee Performance (Case Study Of PT Len Industri (Persero), Bandung, West Java)
Abstract
This study investigates the implementation of Creating Shared Value (CSV) in Corporate Social Responsibility (CSR) programs at PT Len Industri (Persero), focusing on the SolarPump and SolarTree initiatives. By aligning societal and business objectives, these programs have demonstrated tangible impacts, including increased corporate revenue, enhanced employee performance, and improved public reputation. The SolarPump initiative addresses clean water scarcity in rural areas, while SolarTree provides urban communities with access to renewable energy solutions. The findings reveal that CSV not only enhances business value through market expansion and revenue growth but also improves employee motivation, skill development, and loyalty. This study concludes that CSV is a strategic approach capable of fostering sustainable development and corporate competitiveness, providing valuable insights for businesses seeking to integrate social impact with their core objectives
Downloads
References
Porter, M. E., & Kramer, M. R. (2011). Creating Shared Value. Harvard Business Review, 89(1-2), 62–77.
Wibisono, E., & Panggabean, R. R. (2020). Pengaruh CSR dan Intellectual Capital terhadap Kinerja Keuangan Perusahaan. Jurnal Akuntansi dan Keuangan, 12(3), 210–222.
Nugroho, D. P. D., et al. (2024). Investigating the Interconnection Between ESG and CSR Strategies in Emerging Markets. Journal of Sustainable Business Practices, 15(1), 45–63.
Fitriani, N., Sadikin, A., & Wahyuni, A. (2021). CSR and Stock Market Performance: Evidence from Indonesia. Indonesian Journal of Business and Economics, 10(4), 101–115.
Suripto, S. (2019). Corporate Social Responsibility and Creating Shared Value in Indonesia: A Comparative Study. Asian Journal of Business Ethics, 8(2), 123–136.
Park, S. Y., Lee, C. K., & Kim, H. (2018). The Influence of Corporate Social Responsibility on Travel Company Employees' Loyalty and Engagement. Journal of Tourism Research, 27(3), 178–195.
Menghwar, P. S., & Daood, A. (2021). Creating Shared Value: A Systematic Review of Theory and Practice. Journal of Business Strategy, 42(5), 334–350.
Kang, S., & Na, Y. K. (2020). Effects of Strategy Characteristics for Sustainable Competitive Advantage in Sharing Economy Businesses. Sustainability, 12(10), 4089.
Hidayat, D. F. N., & Farida, F. (2021). Pengaruh Pengungkapan CSR terhadap Nilai Perusahaan pada Sektor Energi. Jurnal Akuntansi dan Keuangan Indonesia, 18(2), 151–165.
Elfajri, S. N., & Wahyudi, F. E. (2018). Analisis Implementasi Konsep Creating Shared Value pada Perusahaan Energi Terbarukan. Jurnal Manajemen Inovasi, 7(1), 23–31.
Hutomi, L. M. (2023). Dampak Konteks Internal dan Eksternal terhadap Implementasi CSV di Sektor Energi. Journal of Renewable Energy Studies, 19(2), 89–102.
Najah, H., Setiawan, H., & Pujiastuti, R. (2024). Factors Influencing Employee Loyalty Through Creating Shared Value in Corporate Programs. International Journal of Organizational Development, 9(1), 67–84.
Henny, H., & Husin, O. D. (2021). Customer Perception on the Benefits of Creating Shared Value in Retail Businesses. Journal of Consumer Research, 32(4), 44–60.
Rangan, P. R. (2018). The Impact of Creating Shared Value on Organizational Growth: Evidence from Emerging Markets. Strategic Management Review, 11(3), 145–161.
Robert, R. (2019). Profitability and Corporate Value: The Role of Social Responsibility. Corporate Finance Journal, 14(2), 88–103.
Nugroho, D. P. D., et al. (2024). The Relationship Between Sustainable Development Goals and Corporate Social Responsibility. Journal of Corporate Governance, 13(3), 52–71.
Bhattacharya, A. M. (2020). Enhancing Employee Engagement Through CSV. Journal of Business Ethics, 165(1), 45–60.
Kang, S., & Na, Y. K. (2020). Linking Shared Value Creation with Sustainable Business Models. Sustainability Research, 15(3), 123–135.
Menghwar, P. S., & Daood, A. (2021). Integrating CSV and CSR for Sustainable Development. Journal of Ethical Business Practices, 18(2), 98–112.
Hutomi, L. M. (2023). Enhancing Renewable Energy Adoption through CSV Initiatives. Journal of Sustainable Energy Practices, 10(1), 34–47.
Park, S. Y., et al. (2018). Corporate Innovation Through Shared Value Strategies. Innovation and Sustainability Journal, 25(4), 210–225.
Hidayat, D. F. N., & Farida, F. (2021). Linking CSR and Profitability in Emerging Markets. Asia Business Journal, 17(3), 78–89.
Elfajri, S. N. (2018). CSV Implementation: Lessons from the Renewable Energy Sector. Renewable Energy Review, 5(2), 56–72.
Suripto, S. (2019). The Interconnection Between CSR and CSV in Indonesia. Global Business Ethics Journal, 9(1), 12–23.
Copyright (c) 2025 Anristy Sadira Pinem, Defrizal Defrizal
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
An author who publishes in the EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis agrees to the following terms:
Author retains the copyright and grants the journal the right of first publication of the work simultaneously licensed under the Creative Commons Attribution-ShareAlike 4.0 License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal
Submission of a manuscript implies that the submitted work has not been published before (except as part of a thesis or report, or abstract); that it is not under consideration for publication elsewhere; that its publication has been approved by all co-authors. If and when the manuscript is accepted for publication, the author(s) still hold the copyright and retain publishing rights without restrictions. For the new invention, authors are suggested to manage its patent before published. The license type is CC-BY-SA 4.0.
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.