Abstract:

Recently, there has been increased focus on the importance of the social aspect and its contribution to business development, particularly regarding their economic and financial dimensions. Stakeholders view corporate social responsibility (CSR) as particularly significant, as it enhances the profitability and financial performance of businesses without jeopardizing society. In this regard, the present study aims to examine the relationship between corporate social responsibility (CSR) and financial performance (FP), which have become closely related concepts from both academic and practical perspectives.
We explored the impact of CSR on the financial performance of Nigerian banks. The results showed a positive correlation between the implementation of CSR practices and the financial performance of these banks. The study was conducted using a quantitative methodology based on the analysis of non-financial (ESG) data collected from the "Data Stream" database in 2020_2023, as well as financial data from 9 Nigerian banks. These findings suggest that CSR can play a significant role in improving the financial performance of banks within a sustainable context.