The Reality of Adopting Social Responsibility in Algerian Economic Institutions during the COVID 19 Crisis -A Case Study on BIOPHARM Pharmaceutical Industries -

Abstract

The topic of social responsibility has gained significant attention in our current era from various international and local entities. This is due to its role in meeting the requirements of all stakeholders, especially during times of crisis. The need for companies to commit to their responsibilities towards the community in which they operate has become apparent, particularly during the COVID-19 pandemic. This commitment involves adhering to a set of standards that ensure the necessary financial returns for their sustainability, while also meeting the community's expectations that are anticipated from these companies amidst this crisis.

This study aimed to highlight the role of the Biopharm Company in the pharmaceutical industry in Algeria towards all stakeholders. It also aimed to identify the extent of its commitment to social responsibility standards of solidarity with the society in which it operates. The study yielded a number of findings, with the most important being that Biopharm had a clear and defined strategy for its responsibility towards stakeholders since the issuance of its Code of Ethic in 2018. This strategic approach significantly mitigated the severity of the negative impacts that could have resulted from the COVID-19 crisis.