Harnessing Corporate Social Responsibility and Innovation Management: A Path Toward Diversity, Equity, and Inclusion Management Using Stakeholder Theory

ABSTRACT Corporate social responsibility (CSR) plays a vital role in advancing diversity, equity, and inclusion (D–E–I) by fostering inclusive workplaces, promoting equal opportunities, and addressing systemic inequalities. Similarly, sustainable innovation plays a critical role in long‐term growth and balancing economic progress. This study attempts to uncover the connection of CSR toward D–E–I model (e.g., diversity, equity, and inclusion based on stakeholder theory). Second, a moderation of sustainable innovation between CSR and D–E–I is carried out. A total of 851 ( n = 851) questionnaires were utilized using structural equation modeling for the purpose of data analysis. To that end, SmartPLS software was used to calculate the outcomes. This study confirmed the positive association among CSR, diversity, equity, and inclusion. Moreover, this study confirmed a positive moderation of sustainable innovation between CSR and D–E–I. Besides, the study provides several applications of CSR and sustainable innovation that may support organizations to productively manage diversity, equity, and inclusion for better stakeholder management.